GM reports Q3 earnings Tuesday as Wall Street expects a jump in profit on flat sales

GM comes in after two guidance raises

GM has been running ahead of expectations this year. In July it reported second-quarter revenue of $48.0 billion and EBIT-adjusted profit of $3.9 billion, up 29.8% from a year earlier, and raised its full-year outlook for the second time in 2026. Net income fell 31.1% to $1.3 billion, and adjusted earnings rose to $3.57 a share. Its North American operations earned an 8.6% EBIT-adjusted margin, up 2.5 points.

Analysts will want to know whether that range still holds. Zacks' consensus has North America earning $3.28 billion in the third quarter, up from $2.51 billion a year earlier, while GM Financial is expected to slip to $775 million from $804 million and GM International to $144 million from $226 million.

Trucks carried the quarter

GM's U.S. sales fell 6% in the third quarter to 670,974 vehicles, which the company blamed on a much smaller EV market and discontinued models. Its five best-sellers, the Chevrolet Silverado, GMC Sierra, Chevrolet Equinox, Chevrolet Traverse and Chevrolet Trax, held up, and GM said sales of those vehicles were in line with a year earlier. Silverado sales rose 5%, Trax sales 16% and fleet sales 10%. GM ended the quarter with about 568,000 vehicles in dealer inventory and said its incentives have stayed below the industry average for more than three years.

The next test is the changeover to new pickups. GM says the next-generation 2027 Chevrolet Silverado and GMC Sierra are scheduled to begin arriving at dealerships in the fourth quarter. In July, executives said the launch would involve three assembly plants and three plants building next-generation V8 engines, MarketBeat reported.

EV charges and buybacks

GM has also been resetting its electric-vehicle plans. In the second quarter it took $2.3 billion in EV restructuring charges, bringing the total since the second half of 2025 to $10.9 billion, and Chief Financial Officer Paul Jacobson said the material cash charges were substantially complete, according to MarketBeat's account of the call. GM also bought back $2 billion of its stock in the second quarter.

For truck and SUV shoppers, Tuesday's report may offer a read on pricing and supply as the new Silverado and Sierra arrive. GM's shares were last quoted at $83.96 going into the week, according to MarketBeat.

This content is produced through Drive Edition’s configured AI workflow. Publication date, source attribution and material updates remain visible so readers can evaluate the information.