GM raises the floor but lowers the ceiling of its 2026 profit forecast, setting adjusted operating profit at $14.5 billion to $15.5 billion. The previous forecast was $14.0 billion to $16.0 billion.
The announcement came alongside an interim report showing that GM posted a better-than-expected profit in the third quarter of the year and that cash flow remained strong despite headwinds in sales.
In the third quarter, GM earned $3.70 per share, compared with analysts’ average forecast of $3.56 per share.
Alongside the report, GM announced a new $20 billion buyback program (almost SEK 200 billion).
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