# GM Reports $3.3 Billion Quarterly Profit and Authorizes $20 Billion Buyback

The automaker narrowed its adjusted profit forecast and raised its projected automotive free cash flow.

By Will Langan | 24X7 News
Published: 2026-10-27T02:06:32.536Z
Updated: 2026-10-27T02:06:32.536Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/gm-third-quarter-2026-results-buyback-guidance

Launch Catch-Up — Results Announced October 20, 2026.

General Motors reported $50 billion in third-quarter revenue and approximately $3.3 billion in net income attributable to stockholders in its October 20 earnings announcement.

Revenue increased 2.9% from a year earlier. Adjusted earnings before interest and taxes rose 21.6% to $4.1 billion. That adjusted measure differs from reported net income because it excludes specified items.

GM narrowed its full-year adjusted EBIT forecast to $14.5 billion–$15.5 billion, from $14 billion–$16 billion. The midpoint remained $15 billion. It raised its adjusted automotive free-cash-flow forecast to $11.5 billion–$12.5 billion.

The board approved a new $20 billion multiyear share-repurchase authorization after the company completed an earlier $6 billion program. Authorization permits future purchases; it does not mean the entire amount has already been spent.

GM also declared an 18-cent quarterly dividend, payable December 17 to shareholders of record December 4. Its forecasts remain expectations for the full year rather than completed results.

Sources
GM — October 20 Earnings Release Filed With SEC: https://www.sec.gov/Archives/edgar/data/1467858/000146785826000056/gmq32026pressreleaseandfin.htm

## Sources
- GM — October 20 Earnings Release Filed With SEC: https://www.sec.gov/Archives/edgar/data/1467858/000146785826000056/gmq32026pressreleaseandfin.htm