# GM Q3 earnings beat: $3.70 a share, $50bn revenue, $20bn buyback, shares down 5%

Source: Searchable (https://searchable.pk/news/business/gm-q3-earnings-beat-dollar370-a-share-dollar50bn-revenue-dollar20bn-buyback)
Type: News article
Author: Searchable Editorial
Published: 20 Oct 2026
Updated: 20 Oct 2026
Retrieved: 20 Oct 2026

> General Motors topped forecasts and raised its cash-flow outlook, but narrowed profit guidance as memory-chip and freight costs climb.

**General Motors** beat Wall Street's forecasts for July to September, reporting **adjusted earnings of $3.70 a share** against $3.63 expected and **revenue of $50.02 billion** (about Rs 13.85 trillion) against $48.7 billion expected, [CNBC reported](https://www.cnbc.com/2026/10/20/general-motors-gm-earnings-q3-2026.html), citing LSEG estimates. It also announced a new **$20 billion share buyback**, yet its stock fell about **5%** in premarket trading.

## GM Q3 2026 results in numbers

| | Q3 2026 | Q3 2025 |
|---|---|---|
| Revenue | $50.02bn | $48.59bn |
| Adjusted EPS | $3.70 | $2.80 |
| Net income to shareholders | $3.3bn | $1.3bn |
| Adjusted EBIT | $4.1bn | n/a |

North America did most of the work: **$3.6 billion** of the **$4.1 billion** in adjusted operating profit (EBIT) came from GM's home market.

## Guidance narrowed, cash flow raised

GM tightened its 2026 forecast rather than raising it, which is one reason the shares slipped:

- **Adjusted EBIT:** $14.5 billion to $15.5 billion (July guidance: $14 billion to $16 billion)
- **Adjusted EPS:** $12.75 to $13.75 (was $12 to $14)
- **Adjusted automotive free cash flow:** $11.5 billion to $12.5 billion, **up** from $9.5 billion to $11.5 billion

The $20 billion buyback comes after GM finished a $6 billion programme announced in January. It gave no deadline for the new one.

## Costs: memory chips, tariffs and EVs

GM now expects **commodity inflation of about $2 billion** this year, the top of its earlier range, partly from higher logistics costs and pricier **DRAM memory chips**, which are squeezing several industries. **Tariff costs** should land at the **low end** of its $2.5 billion to $3.5 billion range, while **warranty costs** are heading for the high end of $1 billion to $1.5 billion.

The cost of GM's retreat from all-electric vehicles is "substantially completed", the company said: **$11.2 billion** in charges since the second half of last year, of which **$4.6 billion of $7.4 billion** in cash has been paid.

"GM is performing well, and we are working hard to continue our momentum despite growing inflationary pressures," chief executive **Mary Barra** wrote to shareholders.

## Why it matters here

GM does not sell cars in Pakistan, but its results are an early read on how carmakers worldwide are coping with chip and freight costs. The US market opens at **6:30pm PKT**, when GM's share price reaction will be clear. If you are pricing a car loan at home, our [car financing calculator](/tools/cars/car-loan-calculator) shows the monthly instalment, and dollar figures convert at USD/PKR 276.90 (20 October) on our [dollar rate page](/data/usd-pkr).

## Frequently asked questions

**Did GM beat Q3 2026 earnings expectations?**

Yes. GM reported adjusted earnings of $3.70 a share against $3.63 expected and revenue of $50.02 billion against $48.7 billion expected (LSEG estimates, via CNBC, 20 October 2026).

## Sources

- General Motors beats Wall Street's Q3 earnings expectations, narrows full-year guidance (CNBC): https://www.cnbc.com/2026/10/20/general-motors-gm-earnings-q3-2026.html

How to cite: "GM Q3 earnings beat: $3.70 a share, $50bn revenue, $20bn buyback, shares down 5%", Searchable, 20 Oct 2026, https://searchable.pk/news/business/gm-q3-earnings-beat-dollar370-a-share-dollar50bn-revenue-dollar20bn-buyback