The Normal Motors world headquarters in Detroit, Jan. 12, 2026.
Jeff Kowalsky | Bloomberg | Getty Photos
DETROIT – Normal Motors beat Wall Road’s fourth-quarter earnings expectations Tuesday, whereas guiding for an additional yr of “robust monetary efficiency.”
The Detroit automaker, which barely missed income expectations, additionally introduced a 20% improve in its quarterly dividend and a brand new $6 billion share repurchase authorization.
Here is how the corporate carried out within the fourth quarter, in contrast with common estimates compiled by LSEG:
- Earnings per share: $2.51 adjusted vs. $2.20 anticipated
- Income: $45.29 billion vs. $45.8 billion anticipated
GM’s 2026 earnings steerage is best than its expectations and outcomes from final yr. It consists of web earnings attributable to stockholders of between $10.3 billion and $11.7 billion; adjusted earnings earlier than curiosity and taxes of $13 billion to $15 billion; and EPS of between $11 and $13 for the yr.
These expectations embody anticipated spending of between $10 billion and $12 billion for the automaker, which continues to reevaluate its product portfolio away from all-electric automobiles amid billions of {dollars} in write-downs.
GM’s 2025 outcomes included $2.7 billion in web earnings attributable to stockholders, or earnings per share of $3.27; EBIT-adjusted earnings of $12.7 billion, or $10.60 per share; and adjusted automotive free money move of $10.6 billion.
The corporate’s 2026 adjusted EPS goal is according to consensus of $11.73 per share, in line with LSEG.
For the fourth quarter, the Detroit automaker reported EBIT-adjusted earnings of $2.8 billion and a web loss attributable to stockholders of $3.3 billion. The loss consists of greater than $7.2 billion in particular prices largely associated to its pullback in electrical automobiles and restructuring efforts in China.
GM pre-announced $7.1 billion of the particular prices for the fourth quarter earlier this month. The extra particular prices included $357 million in “authorized issues,” associated to OnStar and airbags, $5 million for its latest headquarters transfer and $133 million associated to its defunct Cruise robotaxi unit.
Regardless of the automaker’s ongoing reevaluation, GM CEO and Chair Mary Barra stated GM stays in a robust place to return capital to shareholders.
The corporate additionally stated Tuesday that its board is authorizing a brand new $6 billion share repurchase and growing its quarterly frequent inventory divided by 3 cents to 18 cents per share.
That continues GM’s ongoing effort to scale back its excellent shares to assist increase its inventory value. To finish final yr, the corporate had 904 million shares excellent. That was down from 995 million on the finish of the prior yr, and 1.2 billion to finish 2023.
GM executives will host an earnings convention name at 8:30 a.m. EST.
That is creating information. Please examine again for added updates.
