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General Motors Stock Holds Near $83 Ahead of Q3 Earnings
What to expect from General Motors Q3 earnings today?
General Motors (GM) stock was near $83 ahead of its Q3 earnings report before Tuesday's open, as investors weigh a possible 2026 guidance raise and $2.5B–$3.5B in tariff costs.
Key numbers
| Q3 adjusted EPS estimate (sources vary $3.41–$3.68) | ~$3.60vs $2.80 a year ago |
|---|---|
| Q3 revenue estimate | ~$48.7Babout flat YoY |
| 2026 adjusted EPS guidance | $12–$14raised twice this year |
| 2026 gross tariff cost estimate | $2.5B–$3.5Bfrom $3B–$4B |
| Q3 US vehicle sales | 670,974-6% YoY |
| Q3 US EV sales | 25,473-61.7% YoY |
What happened
General Motors (GM) stock was near $83 ahead of its Q3 earnings report before Tuesday's open, as investors weigh a possible 2026 guidance raise and $2.5B–$3.5B in tariff costs. Analysts expect adjusted profit of about $3.60 a share on roughly $48.7B in sales, which would be about 30% more profit than a year ago but flat sales. GM has already raised its 2026 profit forecast (guidance) twice, to $12–$14 a share. In the US, Q3 sales fell 6% to 670,974 vehicles, and electric-vehicle sales dropped 61.7%.
Why it matters
General Motors makes Chevrolet, GMC and Cadillac trucks and SUVs, so its report shows how tariffs and softer demand are hitting US car makers. GM expects tariffs to cost it $2.5B–$3.5B this year, down from $3B–$4B, after a Supreme Court ruling on certain tariffs. A third forecast raise would signal strong profits despite weaker sales, while a cut would show rising costs are biting.
Who this affects
- MarketneutralMedium impact
- Auto investors await guidance that could move shares either way.
- CompanymixedMedium impact
- Shareholders gain if guidance rises; EV and sales declines weigh.
- CompetitorsneutralLow impact
- Ford reports October 28; GM's tariff remarks offer clues.
- IndustrymixedMedium impact
- Tariff costs and weak EV demand weigh on US automakers.
General Motors vs Ford, Stellantis
How we got here
GM cuts 2026 tariff cost estimate to $2.5B–$3.5B after Supreme Court ruling; Q1 EPS $3.70.
GM reports Q2 EPS of $3.57 and lifts 2026 EPS guidance to $12–$14.
CEO Mary Barra says GM shares look undervalued, citing its strongest vehicle lineup.
GM due to report Q3 results around 6:30 a.m. ET, before the market opens.
What to watch
- Whether GM lifts 2026 adjusted EPS guidance above $12–$14 for a third time2026-10-20
- Any change to the $2.5B–$3.5B 2026 tariff cost estimate and EV loss commentary2026-10-20
- Ford's Q3 results for a read on tariff costs and car demand2026-10-28
Educational content only. Not investment advice.
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