General Motors Company expects about $2 billion in commodity inflation during 2026, including logistics and DRAM costs, as stronger third-quarter cash generation lifted its adjusted automotive free cash flow outlook.
The estimate, included in GM’s earnings presentation, groups logistics and memory-chip expenses within the projected commodity inflation total. It does not list those costs as additions to the $2 billion figure.
GM also reported $11.2 billion in electric-vehicle-related charges from the second half of 2025 through the quarter ended Sept. 30. Of that amount, $7.4 billion carried a cash impact, and the company said it had paid $4.6 billion by quarter-end.
Adjusted automotive free cash flow reached $5.882 billion in the third quarter, up from $4.201 billion a year earlier. GM raised its full-year 2026 forecast for the measure to $11.5 billion to $12.5 billion, from a previous range of $9.5 billion to $11.5 billion.
Revenue for the quarter rose to $50.015 billion from $48.591 billion. Net income attributable to stockholders increased to $3.335 billion from $1.327 billion, while adjusted diluted earnings per share rose to $3.70 from $2.80.
The revised outlook accompanied a new $20 billion multiyear share-repurchase authorization, covered in an earlier report on GM’s buyback and cash-flow outlook. GM said repurchases have reduced its share count and can strengthen per-share results. The company completed a separate $6 billion buyback program announced in January.
GM declared a quarterly dividend of $0.18 per share. Shareholders holding GM stock at the Dec. 4 close are due the payment on Dec. 17.
