""In the U.S., we achieved our highest third-quarter market share since 2017 with strong margins, and our restructured China business was profitable once again," CEO Mary Barra said in a letter to shareholders. "Based on our performance, we are raising our full-year guidance, underscoring our confidence in the company's trajectory.""
"Even as the automaker surpassed Wall Street's estimates on key metrics, net income saw a sharp year-over-year decline due to significant shifts in electric vehicle strategy, ongoing tariff pressures, and targeted production adjustments. The automaker's net income for the quarter came in at $1.32 billion, less than half of the previous year's $3 billion, directly impacted by electric vehicle production changes, impairment charges related to underutilized assets, and canceled supplier agreements. Still, it raised the top end of its full-year net income guidance to $9.5 billion."
"Adjusted earnings before interest and taxes (EBIT) totaled $3.38 billion, also down significantly from $4.12 billion a year prior. GM's market share hit 8.3%-the highest since 2017-as quarterly U.S. sales shot up 8% to 710,347 units."
GM reported third-quarter revenue of $48.59 billion and adjusted EPS of $2.80, both exceeding analyst expectations despite a slight year-over-year revenue dip. Net income fell to $1.32 billion from $3 billion amid electric-vehicle production changes, impairment charges, canceled supplier agreements, and tariff pressures. Adjusted EBIT declined to $3.38 billion. U.S. market share rose to 8.3%, the highest since 2017, with U.S. sales up 8% to 710,347 units. The company raised full-year adjusted EBIT guidance to $12–$13 billion and increased the top end of net income guidance to $9.5 billion, and the stock jumped nearly 15%.
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