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StocksMediumUpdated×3•Originally published 20 October 2026•Updated 20 October 2026•
1 min read

GM Approves $20B Share Buyback as 3M Raises 2026 Profit Guidance

Key Facts

1General Motors reported Q3 revenue of $50 billion and approved a new $20 billion share repurchase authorization.
23M raised its 2026 adjusted EPS guidance to a range of $9.10 to $9.15 following 3.3% organic sales growth.

3M reported a third-quarter 2026 net profit of $1.37 billion, or $2.63 per share, up from $834 million in the same period last year. The company subsequently raised its full-year adjusted EPS guidance to a range of $9.10 to $9.15, supported by organic sales growth of 3.3%.

General Motors reported Q3 adjusted EPS of $3.70, beating analyst estimates of $3.63, and raised its full-year adjusted EPS guidance to a range of $12.75 to $13.75. The company also authorized a new $20 billion share repurchase program according to a statement on PR Newswire, while GM shares closed at $82.75 on October 19, 2026.

The U.S. Manufacturing PMI is scheduled for release on October 23, 2026, serving as a key indicator for the industrial sector performance of both companies.

Latest Updates · 1

  1. Notable·

    Update: 3M reported operating cash flow of $500 million for the third quarter of 2026, alongside an adjusted operating margin of 26.2%. The company's adjusted EPS reached $2.50, surpassing analyst expectations for the period.