GM narrows 2026 guidance and approves new $20 billion share-repurchase plan

General Motors reported third-quarter revenue of $50.0 billion, net income attributable to stockholders of $3.3 billion and adjusted earnings before interest and taxes of $4.1 billion. The automaker released the results October 20 for the three months ended September 30.

GM narrowed its full-year adjusted EBIT forecast to $14.5 billion to $15.5 billion from a previous range of $14.0 billion to $16.0 billion. It also raised the lower end of expected adjusted automotive free cash flow, producing a new range of $11.5 billion to $12.5 billion compared with the prior $9.5 billion to $11.5 billion range.

The board authorized a new $20 billion multiyear share-repurchase program after GM completed a $6 billion program announced in January. The new authorization has no expiration date and may be suspended or discontinued. GM also declared an 18-cent quarterly dividend payable December 17 to shareholders of record at the close of trading December 4.

For suppliers and manufacturers, the report combines strong current cash generation with a large commitment to return capital. It does not guarantee future production or purchasing levels: GM's guidance excludes possible future special-item adjustments, and the amount and timing of repurchases remain at the company's discretion.

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