GM Shares Jump on Strong Q3 Results

General Motors (NYSE: GM) rose more than 9% in premarket trading Monday after reporting strong third-quarter earnings and record electric vehicle (EV) sales.
If gains hold, it would mark GM’s best trading day of the year.

Earnings Beat and Raised Guidance

Q3 adjusted EPS: $2.80 (vs. $2.29 expected) — 20% above forecasts
Revenue: $48.6 billion (slightly lower Y/Y, but above $45 billion consensus)
Full-year EPS outlook: Raised to $9.75–$10.50 (from $8.25–$10 range)
Analyst estimate (FactSet): $9.46

GM also reported a net tariff impact of $1.1 billion in Q3, consistent with Q2, and lowered its full-year gross tariff outlook to $3.5B–$4.5B from $4B–$5B.

Electric Vehicle Sales Hit Record

EV sales powered much of GM’s outperformance:

66,501 EVs delivered in Q3, setting a new company record
Year-to-date EV sales doubled versus last year
Surge driven by customers rushing to secure the $7,500 federal EV tax credit before expiration

GM had considered leveraging an accounting loophole to extend tax-credit benefits but scrapped the plan following political backlash from GOP lawmakers.

Adjusting to EV Market Realities

Earlier this month, GM disclosed it would take a $1.6 billion charge in Q3 as it scales back EV capacity to align with softer demand trends.
Despite near-term adjustments, the company remains committed to long-term EV leadership.

Outlook

GM’s strong execution in Q3 highlights:

Resilient demand for EVs and premium vehicles
Improved cost management amid tariff headwinds
Solid pricing discipline supporting profitability

The results position GM as one of the top-performing automakers heading into the year’s final quarter.