General Motors (GM) earnings Q3 2026
General Motors reported strong third-quarter earnings but saw its stock price drop after providing a 2026 outlook that fell short of analyst expectations. The company announced a new $20 billion stock buyback program while navigating concerns over rising commodity costs and slowing sales.
Why it matters
GM's performance serves as a bellwether for the broader automotive industry's ability to manage inflationary pressures and transition to electric vehicles.
DETROIT — General Motors narrowed its 2026 earnings guidance and raised its free cash flow expectations after beating Wall Street's third-quarter expectations.
The Detroit automaker also announced a new multiyear stock buyback of $20 billion after GM completed a $6 billion share repurchase program that was announced in January. GM did not disclose a specific time to complete the program.
Despite the positive news, GM stock was off roughly 5% during trading Tuesday as the company's outlook missed Wall Street's expectations.
Wall Street analysts were mixed before the report on whether GM would raise its guidance Tuesday amid concerns of slowing sales and rising commodity costs. Analysts' expectations included a midpoint of $13.41 per share for the year compared with GM's new $13.25 per share midpoint, according to LSEG.
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