NYSE$GM

General Motors Co · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

GM reported record third-quarter revenue and reaffirmed its full-year earnings guidance.

General Motors reported Q3 2022 results with net income attributable to stockholders of $3.3 billion and EBIT-adjusted of $4.3 billion, driven by record third-quarter revenue of $41.9 billion. The company reaffirms its full-year earnings guidance.

  • GM reported third-quarter net income attributable to stockholders of $3.3 billion.
  • Record third-quarter revenue of $41.9 billion was reported.
  • EBIT-adjusted reached $4.3 billion.
  • GM reaffirms its full-year earnings guidance.

Headline financials

Total Revenue

$41.9B

Previous: $26.8B+56.4%
EPS (adj)

$2.25

Previous: $1.52+48.0%
Capital Expenditures

-$5.93B

Previous: -$4.31B-37.7%
Free Cash Flow

-$2.63B

Previous: -$1.89B-39.0%
Net Income

$3.31B

Previous: $2.42B+36.6%
Operating Income

$3.39B

Previous: $1.65B+106.2%
Gross Profit

$41.9B

Previous: $26.8B+56.4%
Cash & Equivalents

$20.7B

Previous: $17.4B+19.5%
Total Assets

$261B

Previous: $239B+9.2%

Revenue & EPS history

GM · Revenue · Quarterly

$41.9B

Q3 2022+56.4%vs Q3 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

GM · $5.14B total across 3 segments · Q3 2022

  • GM North America
    $3.89B+83.2%
  • GM Financial
    $911M-16.7%
  • GM International
    $334M+45.9%

Forward guidance

GM reaffirms its full-year earnings guidance, expecting net income between $9.6 billion and $11.2 billion, and EBIT-adjusted between $13.0 billion and $15.0 billion. They also anticipate EPS-diluted between $5.76 and $6.76, and EPS-diluted-adjusted between $6.50 and $7.50.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+0.0%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+1.5%

Avg return

30 days after

42%

27 / 65 earnings

Positive

+15.8%

Q3 2025

Best reaction

-9.3%

Q3 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%-2.8%+7.7%
Q4 2025+8.6%+5.8%+1.7%
Q3 2025+15.8%+20.1%+17.3%
Q2 2025+1.5%+2.7%+5.3%
Q1 2025-0.6%-4.1%+2.9%
Q4 2024-8.9%-9.9%-13.3%
Q3 2024+8.2%+6.4%+13.8%
Q2 2024-6.2%-11.0%-6.3%
Q1 2024+4.3%+6.1%+1.2%
Q4 2023+9.6%+9.9%+15.8%
Q3 2023-0.7%-6.8%-3.8%
Q2 2023-2.6%-3.2%-16.3%
Q1 2023-6.0%-3.6%-5.5%
Q4 2022+8.3%+13.3%+8.9%
Q3 2022+6.0%+8.8%+12.3%
Q2 2022+0.5%+5.0%+17.0%
Q1 2022-2.9%-4.8%-6.0%
Q4 2021+1.5%-2.7%-14.8%
Q3 2021-5.5%-3.3%+4.9%
Q2 2021-5.9%-6.8%-15.7%
Q1 2021+6.1%+3.7%+14.5%
Q4 2020-4.6%-4.4%+5.7%
Q3 2020+6.3%+16.6%+26.0%
Q2 2020-4.3%-2.6%+14.0%
Q1 2020+0.5%-6.4%+16.7%
Q4 2019-0.1%-0.3%-16.5%
Q3 2019+3.5%+3.6%-1.4%
Q2 2019-1.4%-3.1%-8.1%
Q1 2019-3.1%-3.0%-13.0%
Q4 2018-1.7%-1.7%-3.3%
Q3 2018+8.7%+8.1%+13.1%
Q2 2018-6.9%-4.6%-8.9%
Q1 2018-1.2%-4.4%+0.5%
Q4 2017+7.2%+4.9%-4.3%
Q3 2017-0.1%-1.1%-1.9%
Q2 2017-0.6%-0.1%-0.8%
Q1 2017-1.0%-3.1%-4.3%
Q4 2016-4.6%-4.5%+0.0%
Q3 2016-4.2%-5.0%+2.7%
Q2 2016+2.1%+2.1%+1.1%
Q1 2016-0.0%
Q4 2015-3.4%
Q3 2015+5.8%
Q2 2015+2.5%
Q1 2015-4.2%
Q4 2014+6.7%
Q3 2014-4.1%
Q2 2014-6.3%
Q1 2014-1.9%
Q4 2013+2.5%
Q3 2013+2.5%
Q2 2013-1.3%
Q1 2013+6.4%
Q4 2012-3.2%
Q3 2012+10.3%
Q2 2012+1.9%
Q1 2011-2.5%
Q4 2011-2.5%
Q1 2012-2.5%
Q4 2010+0.3%
Q1 2010+0.3%
Q3 2010-9.3%
Q3 2011-9.3%
Q2 2011-5.5%
Q2 2010-5.5%

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