The board's buyback aims to support a share price that leadership views as stubbornly undervalued. For the full year, General Motors narrowed adjusted EPS guidance to a range of $12.75 to $13.75 from $12 to $14 and raised its automotive free cash flow outlook to $11.5B to $12.5B. The company also recorded a $238M charge for EV strategic realignment and declared a quarterly dividend of $0.18 per share.
Tuesday, October 20, 2026
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GM Shares Sink 8% Despite $20B Buyback and Q3 Earnings Beat
Earnings12 hours ago
Investors sold off equity in the Detroit automaker on Monday after a lapped year of international growth failed to meet analyst expectations. Shares fell 8% in premarket trading, a decline that overshadowed the authorization of a $20B share repurchase program and third-quarter revenue of $50.02B. While adjusted earnings per share of $3.70 topped forecasts, adjusted EBIT of $4.11B missed the $4.24B projection, primarily due to international operations yielding only $28M against an estimated $130.4M.
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