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Sep 30, 2022

GM Q3 2022 Earnings Report

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

Key Takeaways

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.

Total Revenue
$41.9B
Previous year: $26.8B
+56.4%
EPS
$2.25
Previous year: $1.52
+48.0%
Gross Profit
$5.87B
Previous year: $3.79B
+54.7%
Cash and Equivalents
$20.7B
Previous year: $17.4B
+19.5%
Free Cash Flow
$4.59B
Previous year: -$4.39B
-204.7%
Total Assets
$261B
Previous year: $239B
+9.2%

GM

GM

GM Revenue by Segment

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.

Revenue & Expenses

Visualization of income flow from segment revenue to net income