StocksMediumUpdated•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 revenue of $50 billion and authorized a new $20 billion share repurchase program, according to a statement on PR Newswire. GM shares closed at $82.75 on October 19, 2026, after reaching a session high of $83.82.
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.