General Motors Co Earnings Summary — Q3 FY2026

• GM raised its full-year 2026 EBIT-adjusted guidance to $14B-$16B, up from the previous range of $13.5B-$15.5B.
• Quarterly net income fell 31.1% YoY to $1.3B, heavily impacted by $2.46B in special adjustments primarily related to EV strategic realignment.
• EBIT-adjusted grew nearly 30% YoY to $3.9B, demonstrating strong core operational performance excluding one-time items.
• Adjusted automotive free cash flow spiked 78% YoY to $5.0B, allowing for another guidance hike in cash flow projections.
• GM North America remains the primary profit engine, delivering an 8.6% EBIT-adjusted margin.
• The company continues to aggressively transition its manufacturing footprint to the Ultium platform despite near-term impairment costs.

Management raised full-year 2026 EPS-diluted-adjusted guidance to $12.00–$14.00 (previously $11.50–$13.50) and adjusted automotive free cash flow to $9.5B–$11.5B.

Improving

A second guidance raise in the same fiscal year indicates momentum in legacy ICE profitability and better-than-expected cost management during the EV transition.

GM expects a strong second half of 2026, supported by robust demand for trucks and SUVs in North America and a widening range of EV offerings, aiming for a sustained high single-digit EBIT-adjusted margin.