General Motors 8-K
PositiveEarningsGuidance raised
Authorizes a new $20B multiyear buyback after completing January’s $6B program; raises automotive free cash flow guidance.
Filed 2026-10-20 07:30 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q3 2026 results, updated FY2026 guidance, and new capital-return authorizations. GM reported higher revenue and earnings year over year and narrowed several full-year outlook ranges; the outlook excludes potential future special-item adjustments. The board authorized a new $20B multiyear share repurchase program after completing the $6B program announced in January 2026, and declared a $0.18 quarterly dividend payable 12/17/2026 to shareholders of record 12/4/2026.
Key Figures
| Metric | Q3 2026 | 9M 2026 |
|---|---|---|
| Revenue | $50.0B, +2.9% Y/Y | $141.7B, +1.4% Y/Y |
| Net income attributable to stockholders | $3.34B, +151% Y/Y | $7.27B, +21.0% Y/Y |
| EBIT-adjusted, non-GAAP | $4.11B, +21.6% Y/Y | $12.3B, +24.2% Y/Y |
| Diluted EPS | $3.73, vs $1.35 | $7.94, +19.6% Y/Y |
| EPS-diluted-adjusted, non-GAAP | $3.70, +32.2% Y/Y | $10.97, +35.6% Y/Y |
| Automotive operating cash flow | $8.05B, +32.6% Y/Y | $13.7B, +4.0% Y/Y |
| Adjusted automotive free cash flow, non-GAAP | $5.88B, +40.0% Y/Y | $12.2B, +55.4% Y/Y |
- Segment results were mixed: GM North America EBIT-adjusted rose 43.4% to $3.59B; GM International EBIT-adjusted fell 87.7% to $28M, and GM Financial adjusted earnings before taxes fell 16.9% to $668M.
- Automotive share repurchases were $5.30B in the first nine months, vs $3.51B a year earlier. Shares outstanding were 849M at 9/30/2026, down from 904M at 12/31/2025.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Net income attributable to stockholders, GAAP | FY2026 | $8.9B-$9.5B | $8.4B-$9.8B | Narrowed |
| EBIT-adjusted, non-GAAP | FY2026 | $14.5B-$15.5B | $14.0B-$16.0B | Narrowed |
| Automotive operating cash flow | FY2026 | $17.3B-$20.3B | $15.4B-$19.4B | Raised and narrowed |
| Adjusted automotive free cash flow, non-GAAP | FY2026 | $11.5B-$12.5B | $9.5B-$11.5B | Raised and narrowed |
| Diluted EPS, GAAP | FY2026 | $9.72-$10.72 | $8.98-$10.98 | Raised and narrowed |
| EPS-diluted-adjusted, non-GAAP | FY2026 | $12.75-$13.75 | $12.00-$14.00 | Raised and narrowed |
Guidance changes, derived from earlier filings
| Metric | Period | Earlier guidance | Guidance now | Change |
|---|---|---|---|---|
| Net income attributable to stockholders, GAAP | FY2026 | $8.4B-$9.8B | $8.9B-$9.5B | narrowed (raised low end, lowered high end) |
| Automotive operating cash flow | FY2026 | $15.4B-$19.4B | $17.3B-$20.3B | raised |
| Diluted EPS, GAAP | FY2026 | $8.98-$10.98 | $9.72-$10.72 | narrowed (raised low end, lowered high end) |
| EBIT-adjusted, non-GAAP | FY2026 | $14.0B-$16.0B | $14.5B-$15.5B | narrowed (raised low end, lowered high end) |
| Adjusted automotive free cash flow, non-GAAP | FY2026 | $9.5B-$11.5B | $11.5B-$12.5B | raised |
| EPS-diluted-adjusted, non-GAAP | FY2026 | $12.00-$14.00 | $12.75-$13.75 | narrowed (raised low end, lowered high end) |
Investor Takeaways
- Watch FY2026 results against the revised ranges; the outlook excludes potential future special-item adjustments.
- Track execution of the new repurchase authorization and whether the share count continues to decline.
The summary is written by an AI model reading the filing.
Model 005 · prompt v95 · 2026-10-20 14:33:55Z