通用汽车三季度净利增151%至33.5亿美元：营收500.2亿美元、调整后每股收益3.70美元超预期宣布200亿美元回购
底特律——据路透社报道，通用汽车（General Motors）周二公布的第三季度业绩轻松超过分析师预期，靠的是持续愿意为价格不菲的皮卡和SUV买单的消费者。通用汽车称，不计一次性项目的季度税息前利润（调整后EBIT）同比增长22%，至41亿美元，折合每股3.70美元，高于LSEG数据显示的分析师预期3.63美元。据底特律自由新闻报报道，这家底特律汽车制造商10月20日公布截至9月30日的季度业绩：净利为33亿美元、同比增长151%，去年同期净利为13.2亿美元。通用汽车将三季度的稳健业绩归因于支出纪律、强劲的定价策略以及传统汽车销售之外业务的增长。营收方面，据Zacks与Sharecast报道，三季度营收同比增长2.9%，至500.2亿美元，高于去年同期的485.9亿美元；归属股东净利为33.35亿美元，摊薄每股收益3.73美元。销量方面，通用汽车此前已披露三季度销量下降5.5%，受停产车型、电动车需求走弱以及高油价下部分大型SUV需求转淡拖累；但底特律自由新闻报称，三季度通用汽车最受欢迎的车型——全尺寸皮卡——录得有史以来最高销量，公司车队总销量则创下2019年以来最佳的年初至今表现。通用汽车收窄了全年业绩指引：预计2026年调整后EBIT为145亿至155亿美元，较原指引140亿至160亿美元收窄；全年调整后每股收益指引收窄为12.75至13.75美元。公司表示，尽管面临物流与能源成本上升、关税及其他开支带来的通胀压力，仍然保持信心；大宗商品通胀（包括物流与芯片成本上升）今年合计约20亿美元，处于此前预测的高端。回购与分红方面，通用汽车在财报中宣布新的200亿美元多年期股票回购授权；据Sharecast报道，公司已完成1月启动的60亿美元回购计划。首席执行官玛丽·博拉（Mary Barra）在致股东信中就200亿美元回购表示，这「进一步表明董事会致力于创造更大的股东价值」。据底特律自由新闻报报道，通用汽车三季度回购了25亿美元股票、注销2,900万股，并派发了2亿美元股息。电动车业务调整的财务影响仍在持续。据底特律自由新闻报报道，通用汽车自2025年下半年开始重组电动车业务以来，已累计录得112亿美元电动车相关费用，其中74亿美元对业绩有现金影响；截至三季度末，公司已支付其中46亿美元，预计下季度再支付10亿美元现金，其余将在2027年支付。底特律自由新闻报还称，福特汽车（Ford）与斯泰兰蒂斯（Stellantis）预计将于10月28日公布财报。
GM Third-Quarter Net Income Surges 151% to $3.335 Billion: Revenue of $50.02 Billion and Adjusted EPS of $3.70 Beat Expectations as Carmaker Unveils $20 Billion Buyback
Detroit — General Motors' third-quarter results easily beat analyst expectations on the back of resolute shoppers who continue to spring for pricey pickups and SUVs, Reuters reported. The company said on Tuesday that quarterly earnings before interest and tax, not including one-time items (adjusted EBIT), rose 22% from a year earlier, to $4.1 billion. That amounted to $3.70 per share, topping analyst expectations of $3.63, according to LSEG data.
Net income rose 151% to $3.3 billion in the third quarter, compared with $1.32 billion in the same quarter of 2025, the Detroit Free Press reported, as the Detroit automaker released results for the quarter ending September 30 on October 20. GM attributed the solid quarter to spending discipline, strong pricing strategies and growing business outside traditional auto sales. Revenue rose 2.9% to $50.02 billion, from $48.59 billion a year earlier, with net income attributable to stockholders of $3.335 billion and diluted earnings per share of $3.73, according to Zacks and Sharecast.
GM had previously disclosed that third-quarter unit sales fell 5.5%, hit by discontinued models, weaker EV demand and softer appetite for some large SUVs as elevated fuel prices pushed buyers toward smaller vehicles, Sharecast reported. But the Free Press said the third quarter saw GM's most popular vehicles — full-size pickup trucks — record their highest sales ever, and the company also recorded its best total fleet sales calendar year to date since 2019.
The automaker narrowed its full-year guidance, saying it expected to end 2026 with adjusted EBIT in the range of $14.5 billion to $15.5 billion, narrowed from previous guidance of $14 billion to $16 billion, and tightened its annual adjusted earnings-per-share forecast to between $12.75 and $13.75. GM said it remained confident despite inflationary pressures from higher logistics and energy costs, tariffs and other expenses, and said commodity inflation, including higher expenses for logistics and computer chips, would total about $2 billion this year, the high end of its previous forecast.
GM announced a new $20 billion multiyear share repurchase authorization in its earnings disclosure, having completed a $6 billion buyback launched in January, Sharecast reported. The move, CEO Mary Barra said in a letter to shareholders, "further demonstrates our board's commitment to creating even greater shareholder value." GM repurchased $2.5 billion of its stock in the third quarter, retiring 29 million shares, and distributed $200 million in dividends, the Free Press reported.
The financial effects of GM's electric-vehicle restructuring continue. The company has recorded $11.2 billion of EV-related charges since it began restructuring electric vehicle operations in the second half of 2025, of which $7.4 billion had a cash impact; through the end of the third quarter of 2026, GM had paid $4.6 billion of that amount and expects to pay another $1 billion in cash next quarter, with the rest to be paid in 2027, the Free Press reported. Ford Motor Co. and Stellantis are expected to report earnings on October 28.
来源：GSM·美国（原文链接）
图片来源：底特律文艺复兴中心（Renaissance Center），通用汽车全球总部所在地，资料图。照片：Michael Barera 摄，CC BY-SA 4.0，经维基共享资源。 / File photo: the Renaissance Center in Detroit, home to General Motors’ global headquarters. Photo by Michael Barera, CC BY-SA 4.0, via Wikimedia Commons.
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