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General Motors (GM) guidance and outlook
General Motors (GM) raised its guidance on Oct 20, 2026: Net income $8.9B–$9.5B for FY2026; EPS $9.72–$10.72 for FY2026; Free cash flow $11.5B–$12.5B for FY2026. General Motors' 10-Q filed Oct 20, 2026 makes 20 forward-looking statements, 1 of them new and 2 no longer said since the filing before.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Net income | FY2026 | $8.9B–$9.5B | raised |
| EPS | FY2026 | $9.72–$10.72 | raised |
| Free cash flow | FY2026 | $11.5B–$12.5B | raised |
From the earnings release filed Oct 20, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Oct 20, 2026
- We will adapt to customer preferences while executing our growth-focused strategy to invest in internal combustion engine (ICE) vehicles, EVs, hybrids, personal AV technology, software-enabled services, and other new business opportunities.
- We plan to execute our strategy with a steadfast commitment to good corporate citizenship through more sustainable operations and a leading health and safety culture.
- Based on the current tariff environment, we estimate that impacts to EBIT-adjusted could range from $2.5 billion to $3.5 billion for the year ending December 31, 2026 and may be subject to change if new tariffs or changes to existing tariffs arise.
- We expect additional charges in the year ending December 31, 2026, and while circumstances may change in the future, we believe we have substantially completed the recognition of material cash charges related to our EV strategic realignment.
- Our strategic realignment of EV capacity does not impact today's retail portfolio of Chevrolet, GMC, and Cadillac EVs currently in production, and we expect these models to remain available to consumers.
- updated · For the year ending December 31, 2026, we expect Net income attributable to stockholders of between $8.9 billion and $9.5 billion, EBIT-adjusted of between $14.5 billion and $15.5 billion, EPS-diluted of between $9.72 and $10.72, and EPS-diluted-adjusted of between $12.75 and $13.75.
- However, the evolving tariff and policy landscape could continue to have a material impact on our profitability going forward.
- In addition, our outlook is dependent on continued supply chain availability, the resiliency of the U.S. economy, and overall economic conditions, including the imposition of tariffs, less available offsets and deductions, or other trade restrictions by the U.S. or its trading partners.
- GM Financial We believe that offering a comprehensive suite of financing products will generate incremental sales of our vehicles, drive incremental GM Financial earnings, and help support our sales throughout various economic cycles.
- We expect our ETR-adjusted to be between 20% and 21% for the year ending December 31, 2026.
- We have substantial cash requirements going forward, which we plan to fund through our total available liquidity, cash flows from operating activities, and additional liquidity measures, if determined to be necessary.
- Our material future uses of cash, which may vary from time to time based on market conditions and other factors, are focused on the three objectives of our capital allocation program: (1) grow our business at an average target return on invested capital-adjusted (ROIC-adjusted) rate of 20% or greater; (2) maintain a strong investment-grade balance sheet, including a target average automotive cash balance of $18.0…
General Motors' latest quarter
General Motors, Q3 2026: revenue $50.0B (+3% year over year), operating margin 7.2%, net earnings $3.3B, operating cash flow $7.3B. The chart follows the revenue to costs, profit and cash.
Questions
Did General Motors raise or lower its guidance?
General Motors (GM) raised its guidance on Oct 20, 2026: Net income $8.9B–$9.5B for FY2026; EPS $9.72–$10.72 for FY2026; Free cash flow $11.5B–$12.5B for FY2026.
What does General Motors expect?
For the year ending December 31, 2026, we expect Net income attributable to stockholders of between $8.9 billion and $9.5 billion, EBIT-adjusted of between $14.5 billion and $15.5 billion, EPS-diluted of between $9.72 and $10.72, and EPS-diluted-adjusted of between $12.75 and $13.75. These arrangements could result in an adverse impact on our cash and excess inventory if our commitments exceed forecasted demand.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.