General Motors delivers upbeat quarter but disappoints on guidance
General Motors (GM) reported Q3 revenue of $50.02B, beating estimates, with adjusted EPS of $3.70. Despite this, shares fell 7% premarket due to lowered FY26 profit guidance ($12.75-$13.75) and rising costs. GM announced a $20B share buyback. Ford (F) and Stellantis (STLA) also traded lower.
How this was made

The 30-second read
Why it matters
The guidance miss is likely to trigger immediate sell pressure, though the sizable buyback may limit the decline.
Market read
First report of GM's FY26 guidance and new buyback tranche; material for traders.
What to watch
Improved operating profit margin and strong SUV sales may mitigate downside.
Background
GM reported Q3 earnings beat and announced a $20B share repurchase, but guidance fell short of expectations.
Ticker impact
GM disclosed FY26 profit guidance of $12.75‑$13.75, below consensus, and announced a $20B share buyback tranche.
downward pressure as market prices in the lower profit outlook
Guidance below consensus drives sell‑off; buyback may cushion but not offset the miss.
Market effects
Auto sector may see broader pressure as GM sets a lower earnings outlook for the industry.
U.S. markets likely open lower on automotive earnings disappointment.
Limited; impact confined to U.S. auto manufacturers and related suppliers.
Counterpoint
Buyback of $20B could provide long‑term support, presenting a buying opportunity on dip.
Key entities
- companyGeneral Motors
U.S. automotive manufacturer (ticker GM).


