GM

General Motors raised its full-year adjusted automotive free cash flow guidance to $11.5-$12.5 billion and announced a $20 billion share buyback authorization. The company maintains leadership in full-size trucks with 19 consecutive quarters of U.S. sales leadership and is expanding high-margin digital revenue, with software deferred revenue reaching $7.5 billion, up 40% year-over-year driven by OnStar and Super Cruise services.

General Motors exceeded Q3 2026 expectations with adjusted EPS of $3.70 (vs. $3.55 estimate) and revenues of $50.02B. North America segment surged 43.4% in adjusted EBIT driven by lower warranty costs and improved vehicle mix. The company raised its 2026 free cash flow outlook to $11.5-$12.5B and authorized a $20B share buyback program, though international operations faced pressure with equity income from China declining 60% year-over-year.

Stock futures opened lower as investors await economic data and earnings reports. The housing market continues to struggle with September Housing Starts and Building Permits missing expectations, driven by elevated mortgage rates.

GE and GM both beat Q3 earnings estimates, though GM's downward guidance weighed on shares. Netflix, United Airlines, and Intuitive Surgical are set to report earnings today.