DETROIT — General Motors narrowed its 2026 earnings guidance and raised its free cash flow expectations after beating Wall Street's third-quarter expectations.
The Detroit automaker also announced a new multiyear stock buyback of $20 billion after GM completed a $6 billion share repurchase program that was announced in January. GM did not disclose a specific time to complete the program.
Here's how GM performed in the third quarter, compared with average estimates compiled by LSEG:
The new guidance includes adjusted earnings before interest and taxes of between $14.5 billion and $15.5 billion, or $12.75 to $13.75 adjusted earnings per share, and adjusted automotive free cash flow of between $11.5 billion and $12.5 billion.
That compares with its raised guidance from July that included adjusted EBIT of between $14 billion and $16 billion, or $12 to $14 adjusted EPS, and adjusted automotive free cash flow of $9.5 billion to $11.5 billion.