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GM beats Q3 estimates, doubles net income, and launches $20B share buyback program.

Company Fundamentals
20 Oct 2026
Tony Dante
View Source
Bullish
GM beats Q3 estimates, doubles net income, and launches $20B share buyback program.

General Motors reported third-quarter revenue and adjusted earnings above analyst expectations, with net income more than doubling to $3.34 billion. Adjusted EBIT rose 21.6%, driven by strong sales of large pickup trucks. GM completed its previous $6 billion buyback and authorized a new $20 billion multi-year repurchase program. The company also declared a quarterly dividend of $0.18 per share and provided optimistic full-year 2026 earnings and cash flow forecasts.

Following General Motors' announcement of a $20 billion buyback and strong quarterly results, the stock price on Pluang is currently at USD 78.31, down 5.37% as of Oct 20, 2026 21:02 WIB. Despite the dip, GM maintains a market cap of $72.61 billion and a dividend yield of 0.87%. Investor interest remains strong with 100% buy orders on the platform at this time.

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