General Motors to Report Q3 Earnings, Here’s What Wall Street Expects

Detroit: General Motors (GM) will release its third-quarter earnings before markets open on Tuesday, as investors watch how tariffs, electric vehicle costs, and production shifts are impacting the U.S. automaker’s bottom line.

According to estimates compiled by LSEG, analysts expect adjusted earnings per share of $2.31 and revenue of $45.27 billion. That would represent a 7.2% drop in revenue and a 22% decline in adjusted earnings per share compared with the same quarter last year, when GM reported $48.76 billion in revenue and net income of $3 billion.

The company recently disclosed a $1.6 billion special charge tied to its pullback from all-electric vehicles. The cost includes $1.2 billion in noncash expenses and $400 million in cash, which will not affect adjusted earnings but will weigh on net income.

GM and the broader auto industry continue to face pressure from tariffs, regulatory changes, inflation, and higher warranty costs. Several analysts have warned that GM could miss estimates due to “downside risks” related to truck production shifts and cost inflation.

CFO Paul Jacobson previously said tariffs would have a “slightly higher” impact this quarter, with GM expecting $4–$5 billion in total tariff costs for 2025, roughly 30% of which it hopes to offset.

For the full year, GM’s guidance remains unchanged, projecting adjusted EBIT of $10–$12.5 billion, net income between $7.7–$9.5 billion, and free cash flow of $7.5–$10 billion.

GM shares are up about 9% in 2025, as of Monday’s close. The company will hold its earnings call at 8:30 a.m. ET.