News Brief: General Motors
Summary
General Motors CFO Paul Jacobson announced that the company expects its 2026 earnings to surpass its already strong 2025 performance. This optimistic outlook follows a third-quarter earnings report where GM raised its 2025 guidance and exceeded Wall Street expectations, leading to a significant stock price increase.
Key Points
- 2026 Outlook: GM expects 2026 earnings to be “even better than 2025,” driven by improvements in EV losses, warranty costs, and fixed costs.
- Stock Performance: Shares rose over 15% following the announcement.
- Share Buybacks: The company will continue its aggressive share repurchase program; outstanding shares have declined 15% year-over-year.
- Profit Margin Goal: The top priority is returning North American adjusted profit margins to 8%-10% (currently 6.2%).
- Updated 2025 Guidance: GM raised its 2025 forecast for adjusted EBIT, EPS, and automotive free cash flow.
- Analyst Reaction: Analysts view the guidance as encouraging, signaling positive momentum and a faster, more responsive corporate culture at GM.
新闻简报：通用汽车
总结
通用汽车首席财务官保罗·雅各布森宣布，公司预计其2026年的收益将超过其本已强劲的2025年业绩。这一乐观展望是在第三季度财报发布后提出的，在该财报中，通用汽车提高了2025年的指引并超出华尔街预期，导致股价大幅上涨。
关键点
- 2026年展望：通用汽车预计2026年收益将”比2025年更好”，驱动力包括在电动汽车亏损、保修成本和固定成本方面的改善。
- 股票表现：公告发布后，股价上涨超过15%。
- 股票回购：公司将继续其激进的股票回购计划；流通股同比减少了15%。
- 利润率目标：首要任务是将北美市场的调整后利润率恢复到8%至10%（当前为6.2%）。
- 更新的2025年指引：通用汽车上调了其对2025年调整后息税前利润、每股收益和汽车业务自由现金流的预测。
- 分析师反应：分析师认为该指引令人鼓舞，表明通用汽车积极的发展势头和更快、更敏捷的企业文化转变。
Original Article Link: https://www.cnbc.com/2025/10/21/gm-2025-earnings.html