What happened
General Motors Company (NYSE: GM) posted third-quarter 2026 revenue of $50.0 billion, net income of $3.3 billion and EBIT-adjusted of $4.1 billion.
Revenue rose from $48.6 billion a year earlier. Net income rose from $1.3 billion. EBIT-adjusted also rose from $3.4 billion.
The company narrowed full-year 2026 EBIT-adjusted guidance to $14.5 billion to $15.5 billion.
It now expects net income attributable to stockholders of $8.9 billion to $9.5 billion, automotive operating cash flow of $17.3 billion to $20.3 billion and EPS-diluted of $9.72 to $10.72.
The board approved a new $20.0 billion multi-year share repurchase authorization after completing the $6.0 billion program announced in January 2026.
GM also declared a quarterly cash dividend of $0.18 per share, payable December 17, 2026, to holders of record at the close of trading on December 4, 2026.
Key numbers
| Metric | Latest | Change | Source |
|---|---|---|---|
| Revenue | $50.0 billion | from $48.6 billion, +2.9% | SEC 8-K |
| EBIT-adjusted | $4.1 billion | from $3.4 billion, +21.6% | SEC 8-K |
| Automotive operating cash flow | $8.0 billion | from $6.1 billion, +32.6% | SEC 8-K |
| Adjusted automotive free cash flow | $5.9 billion | from $4.2 billion, +40.0% | SEC 8-K |
| EPS-diluted-adjusted | $3.70 per share | from $2.80 per share, +32.2% | SEC 8-K |
Read more: General Motors (GM) stock analysis and investment case
Why it matters
OptimistFi's case is that 2025 was a profit trough, and this filing strengthens that view. Revenue, net income attributable to stockholders, EBIT-adjusted profit and automotive operating cash flow all improved from a year earlier.
Net income margin rose to 6.7% from 2.7%, and EBIT-adjusted margin rose to 8.2% from 6.9%. GM's large revenue base means a margin recovery can move earnings quickly.
The new $20.0 billion authorization is $14.0 billion larger than the completed $6.0 billion program.
Nine-month revenue reached $141.7 billion, and adjusted automotive free cash flow was $12.2 billion, both above a year earlier.
The company said the expected financial results do not include the potential impact of future adjustments related to special items.
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What's next
Mary Barra and GM Chief Financial Officer Paul Jacobson will host a conference call for investors and analysts at 8:30 a.m. ET today.
Guidance near the updated ranges would support the case. A lower outlook would weaken it.
The December 17 dividend is payable to holders of record at the close of trading on December 4, 2026.
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Sources
- SEC 8-K press release and financial tables — Third-quarter 2026 results, updated full-year 2026 guidance, completed and new share repurchase authorizations, and quarterly dividend.
- SEC filing
Read the full OptimistFi thesis on General Motors Company: https://optimistfi.com/stocks/GM
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The full General Motors Company investment case, its status and the next test to watch live on the General Motors Company thesis page.
Originally published on OptimistFi, evidence-first equity research. More at optimistfi.com.
