General Motors' Q3 revenue and adjusted EPS beat on North America performance
GM•General Motors reported Q3 revenue of $50.02 billion and adjusted EPS of $3.70, both above analyst expectations. It raised its 2026 adjusted automotive free cash flow forecast to $11.5 billion-$12.5 billion.
1. Quarterly results
Q3 revenue rose 2.9% year over year to $50.02 billion, compared with analyst expectations of $48.70 billion. Adjusted EPS increased 32% to $3.70, topping the $3.63 consensus, while adjusted EBIT of $4.11 billion missed the $4.24 billion estimate.
2. Outlook and drivers
General Motors expects 2026 net income of $8.9 billion to $9.5 billion and now sees adjusted EBIT of $14.5 billion to $15.5 billion. It raised its adjusted automotive free cash flow forecast to $11.5 billion-$12.5 billion. North America adjusted EBIT rose 43% year over year; automotive operating cash flow increased 33% and adjusted automotive free cash flow rose 40%.
