General Motors' Q3 revenue, adj EPS beat on North America performance

General Motors

Tue 11:42

Overview
US automaker's Q3 revenue rose 2.9% yr/yr, beating analyst expectations
Q3 adjusted EPS beat analyst expectations, rising 32% yr/yr

Outlook
GM expects 2026 net income of $8.9 bln to $9.5 bln
Company raises 2026 adjusted automotive free cash flow forecast to $11.5 bln-$12.5 bln
GM now sees 2026 EBIT-adjusted at $14.5 bln-$15.5 bln

Result Drivers
NORTH AMERICA PROFITABILITY - GM reported higher EBIT-adjusted in North America, up 43% yr/yr
OPERATING CASH FLOW - Automotive operating cash flow increased 33% yr/yr
FREE CASH FLOW - Adjusted automotive free cash flow rose 40% yr/yr

Company press release: ID:nPn3KbLbYa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$50.02 bln
$48.70 bln (15 Analysts)
Q3 Adjusted EPS
Beat
$3.70
$3.63 (15 Analysts)
Q3 EPS
 
$3.73
 
Q3 Adjusted EBIT
Miss
$4.11 bln
$4.24 bln (12 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto & truck manufacturers peer group is "buy"
Wall Street's median 12-month price target for General Motors Co is $102.00, about 23.3% above its October 19 closing price of $82.75
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

Reuters Recommended Reads
Oct 20 - GM's core profit rises 22% on strength of pickup-truck business 
Oct 19 - Europe EV sales rose 70% in September, almost 30% of market share
Oct 20 - Volkswagen bet on Xpeng to save its China business. It's not going to plan

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)