General Motors is set to report earnings before the bell. Here's what Wall Street expects — SkimNews
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- General Motors is set to report Q3 earnings before the bell Tuesday, with Wall Street expecting adjusted EPS of $3.63 and revenue of $48.70 billion, per LSEG averages compiled by CNBC.
- If estimates hold, GM's revenue would be roughly flat YoY versus $48.59 billion in Q3 2025, while adjusted EPS would jump about 30% from $2.80 a year earlier on net income of $1.3 billion.
- JPMorgan analyst Rajat Gupta, in an Oct. 11 investor note, expects 'in-line to slightly better' Q3 prints but said investor focus will be on 2027 revisions and that he doesn't see results driving meaningful upside.
- Wall Street is mixed on whether GM will raise its 2026 guidance — which currently calls for adjusted EBIT of $14–$16 billion, adjusted EPS of $12–$14, and free cash flow of $9.5–$11.5 billion — amid concerns over slowing sales and rising commodity costs.
- Beyond the numbers, investors are watching for updates on GM's redesigned full-size pickup truck launch, warranty improvements, and any notable growth in the company's software and services operations.
- Analysts expect 2027 to be a difficult year for the U.S. automotive industry, making any early forward-look commentary from GM a key catalyst alongside the 2026 guidance decision.
Why it matters: The Q3 print is likely a sideshow — the real question is whether GM continues its pattern of raising full-year guidance despite slowing sales and rising commodity costs, or whether it finally holds the line. With JPMorgan flagging 2027 as a tougher year and analysts split on a guidance bump, GM's commentary on next year's industry outlook could reset expectations more than the 30% EPS jump.
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