GM CFO Paul Jacobson on $20B stock buyback: Driven by our stellar free cash flow generation

General Motors (GM) shares fell 8.3% to $75.79 despite beating Q3 estimates, raising cash flow outlook, and announcing a $20B buyback. The company narrowed its 2026 adjusted EBIT guidance to $14.5B-$15.5B. Analyst Dan Ives noted investors expected further raises. The buyback represents ~30% of GM's market value.

General Motors reported Q3 2026 earnings, highlighting 19 quarters of U.S. full-size pickup sales leadership and a 2.5-point North American margin expansion due to high-trim vehicle sales and reduced warranty expenses. The company reduced EV-related losses by $1B-$1.5B but faced $400M in incremental commodity and logistics costs. GM expects 2027 to outperform 2026, with growth driven by new truck launches and increased Super Cruise adoption.

General Motors (GM) raised its annual cash-flow forecast to $11.5B-$12.5B, up from $9.5B-$11.5B, but kept its adjusted operating-profit midpoint unchanged at $15B. Shares fell 7.55% to $76.50 in premarket trading despite a $20B buyback authorization. Q3 revenue was $50.02B with adjusted EBIT of $4.11B.

General Motors (GM) reported Q3 2026 earnings beating estimates with $50.02B revenue and $3.70 adjusted EPS. Despite this, shares fell 8.05% due to market focus on 2027 outlook. GM raised guidance for EPS, free cash flow, and EBIT. The company addressed core business strength, cash generation, capital returns, and China stability. However, cost pressures, 2027 growth, tariffs, and truck dependence remain concerns.

GM's 2027 Chevy Silverado and GMC Sierra trucks are launching across six plants, with production starting in Mexico, followed by Indiana and Michigan. GM expects to maintain 2026 production levels despite a 35,000-vehicle inventory impact. CEO Mary Barra is optimistic about the new models, citing strong sales of current trucks and improved features. GM's Q3 net income more than doubled to $3.34 billion, driven by truck sales and subscription services, with revenue up 3% to $50 billion.

General Motors (GM) reported a 22% increase in third-quarter adjusted operating profit and $50.02 billion in revenue, announcing a $20 billion share repurchase program. Despite this, shares fell 5% due to concerns over rising costs and production disruptions. GM narrowed its full-year adjusted EBIT forecast to $14.5B–$15.5B, citing higher expenses for materials and logistics.