GM Lifts Outlook After Beating Q3 — and Trimming Tariff Hit

CNBC, Bloomberg, and Reuters contributed to this report.

General Motors cruised past Wall Street in the third quarter and promptly raised its 2025 guidance, saying tariffs will sting less than feared. Adjusted EPS landed at $2.80 on revenue of $48.6 billion, topping estimates, with adjusted EBIT at $3.38 billion. Shares jumped more than 6% premarket.

Detroit now sees full-year adjusted EBIT between $12 billion and $13 billion and adjusted EPS of $9.75 to $10.50, with free cash flow rising to $10–$11 billion. GM also cut its expected tariff impact to $3.5–$4.5 billion from $4–$5 billion and says it can offset roughly 35% of that. The outlook implies a stronger-than-consensus Q4.

Not everything was rosy: GAAP results reflect the $1.6 billion charge tied to its EV reset, dragging net income to $1.3 billion — down 57% year over year — with margins narrowing to 2.7%. Still, CEO Mary Barra credited a “compelling vehicle portfolio” and said acting quickly on EV overcapacity should shrink losses from 2026 onward.

With the stock up about 9% this year heading into the print, investors got the confirmation they wanted — and another look under the hood is coming on GM’s earnings call at 8:30 a.m. ET.