Form 10-Q · Quarterly report
General Motors 10-Q, filed Oct 20, 2026
- Filed
- CIK
- 0001467858
- Accession no.
- 0001467858-26-000059
Summary
General Motors expects 2026 net income attributable to stockholders of $8.9–$9.5 billion and EBIT-adjusted of $14.5–$15.5 billion, while estimating tariff impacts of $2.5–$3.5 billion to EBIT-adjusted for the year. It recorded $3.6 billion in net EV strategic realignment charges for the first nine months of 2026 and extended the term of its SAIC General Motors joint venture through May 15, 2047.
Key points
- GM expects 2026 net income attributable to stockholders of $8.9–$9.5 billion, EBIT-adjusted of $14.5–$15.5 billion, diluted EPS of $9.72–$10.72, and adjusted diluted EPS of $12.75–$13.75.
- For the nine months ended September 30, 2026, GM recorded $3.6 billion in net EV strategic realignment charges, including $2.5 billion for supply-base and joint-venture negotiations, $1.3 billion of losses on supply agreements, and $0.5 billion for compliance-related assets, net of $0.7 billion of recoveries.
- The U.S. Supreme Court concluded on February 20, 2026 that IEEPA did not authorize the imposition of tariffs; GM recorded $0.7 billion in net favorable adjustments from refundable IEEPA tariffs and estimates 2026 EBIT-adjusted tariff impacts of $2.5–$3.5 billion.
- GM's U.S. vehicle sales were 2.0 million units for a 16.4% market share in the nine months ended September 30, 2026, down 0.7 percentage points, while China vehicle sales were 1.1 million units for a 6.7% share, down 0.3 percentage points.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations Basis of Presentation This Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) should be read in conjunction with the accompanying condensed consolidated financial statements and the notes thereto, and the audited consolidated financial statements and notes thereto included in our 2025 Form 10-K. Forward-looking statements in this MD&A are not guarantees of future performance and may involve risks and uncertainties that could cause actual results to differ materially from those projected. …
An excerpt of the text as filed with the SEC, cut for length.
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