_1777294237270_124456903.png&w=64&q=75){kind=small}
General Motors cuts 2026 profit forecast
General Motors announced a reduction in its profit expectations for 2026, while raising its forecasts for free cash flow, after outperforming Wall Street’s expectations in the third quarter. It also indicated that it will initiate a new $20 billion share buyback program over several years, following the completion of a previous $6 billion buyback program. In the third quarter, the company reported adjusted earnings per share of $3.70 and revenues of $50.02 billion. It projects adjusted earnings before interest and taxes (EBIT) between $14.5 billion and $15.5 billion, and free cash flow between $11.5 billion and $12.5 billion for the sector. The company reaffirmed its expectation that inflation-related costs for raw materials will increase to around $2 billion, while also mitigating the impact of tariffs and warranty expenses. Despite inflationary challenges, GM continues its strategy to improve performance and invest in new products and services.
Notice: This Is an AI-Generated Summary
Comments (0)