GM's core profit rises 22% on strength of pickup-truck business
GM•General Motors' third-quarter adjusted EBIT rose 22% to $4.1 billion, or $3.70 per share, beating analyst expectations. GM narrowed its 2026 adjusted EBIT outlook to $14.5 billion-$15.5 billion and approved a multi-year $20 billion buyback.
1. Profit and outlook
General Motors reported third-quarter adjusted EBIT of $4.1 billion, up 22% from a year earlier, and adjusted earnings of $3.70 per share, above analyst expectations of $3.63. Revenue rose 2.9% to $50 billion. GM narrowed its 2026 adjusted EBIT outlook to $14.5 billion-$15.5 billion, from $14 billion-$16 billion.
2. Buyback and vehicle mix
GM's board approved a multi-year, $20 billion stock buyback. The company said it had repurchased about $29.5 billion of shares since 2023. A higher mix of large pickup trucks and fewer electric vehicles helped third-quarter profit; GM's North American margin increased to 8.7% from 6.2%, despite a slight decline in sales.
3. Costs and expectations
GM cited higher logistics and energy costs, tariffs and other expenses, saying “the path forward is more challenging.” It reiterated that it expects next year's results to improve, assuming continued strong consumer demand and moderating commodity and logistics cost pressures.
