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Max Knoblauch

GM posts a solid Q4 beat, gives higher-than-expected guidance, and announces a $6 billion stock buyback

Detroit automaker GM reported its fourth-quarter and full-year earnings results on Tuesday. Its shares climbed more than 5% in premarket trading.

The company, which leads the US in auto sales, guided for adjusted earnings of between $11 and $13 per share in 2026, with a midpoint just modestly ahead of the $11.94 per share expected by Wall Street analysts polled by FactSet. GM forecast adjusted automotive free cash flow of between $9 and $11 billion in the year ahead, compared to estimates of $9.8 billion.

In its fourth-quarter, GM posted adjusted earnings of $2.51 per share, beating the $2.25 per share estimate. In its Q4 sales report GM said EV sales dropped 43% in the quarter amid an industry-wide pullback due to the end of federal tax credits. Total sales fell 7% year-over-year in the quarter, but climbed 6% for the full-year.

The automaker also announced a new $6 billion stock buyback program, and said it would raise its quarterly dividend 20% to $0.18 per share.

Earlier this month, GM said it would take a $6 billion write-down on its EV business in the fourth quarter. Its rival Ford announced a $19.5 billion write-down for similar reasons in December.

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Luke Kawa

Richtech Robotics soars after announcing partnership with Microsoft to use AI to improve its robots

Shares Richtech Robotics are surging in premarket trading after the company announced “a hands-on collaboration with Microsoft through the Microsoft AI Co-Innovation Labs to jointly develop and deploy agentic artificial intelligence capabilities in real-world robotic systems.”

Per the press release, the two companies worked together to imbue Richtech’s flagship ADAM robot with “additional layers of context awareness” to “support smoother workflows and more responsive customer interactions in retail environments.”

Apropos of nothing, here’s an ADAM robot serving Nvidia CEO Jensen Huang a margarita:

Richtech was one of many robotics and vaguely robotics companies that caught a massive bid in early December after Politico reported that the Commerce Department was poised to go “all in” to support the industry. To date, there's been no evidence of such a plan, but that hasn’t stopped robotics stocks from having a phenomenal start to 2026. The Themes Humanoid Robotics ETF, which counts Richtech as one of its members, gained nearly 50% year-to-date through Thursday’s close, though it has since come off the boil.

markets
Max Knoblauch

Boeing posts its second straight quarter of positive free cash flow, revenue beats estimates

Boeing reported its fourth-quarter and full-year earnings before the market opened on Tuesday.

Boeing posted adjusted earnings of $9.92 per share compared to a loss of $0.44 per share expected by Wall Street analysts polled by FactSet. Those earnings, however, aren’t comparable to estimates because they reflect a massive gain from the close of Boeing’s sale of its digital aviation assets, which the company says boosted overall earnings by $11.83 per share.

The plane maker generated $375 million in free cash flow, it’s second straight quarter of positive FCF following six consecutive quarters of negative results. Wall Street expected $207 million.

Boeing last year saw significant recovery from its bleak 2024, improving its commercial deliveries by 72%. The company logged nearly 1,200 plane orders in 2025, outselling European rival Airbus for the first time since 2018. Boeing’s revenue climbed 57% in the fourth quarter to $23.95 billion, beating estimates of $22.6 billion. Its total backlog grew to $682 billion.

In October, US regulators approved an increase to the monthly cap on 737 production from 38 to 42 planes.

Luke Kawa
1h
D-Wave Quantum jumps on $20 million system sale, deal with Davidson and Anduril for US air and missile defense

D-Wave's CEO had previously lamented feeling left out in the cold by the US government. Today's announcements may give it a foothold.

Julich Research Center Inaugurates Europe's First 5,000+ Qubit Quantum Computer
markets
Max Knoblauch

American Airlines gives upbeat full-year guidance, lifting shares

American Airlines gave a rosy projection for full-year earnings that has the stock taking to the skies on Tuesday.

For the full year, American forecast adjusted earnings of between $1.70 and $2.70 per share, putting the midpoint of $2.20 significantly higher than analysts’ consensus estimates of $1.97 per share. The carrier also guided for more than $2 billion in free cash flow in 2026, more than double Wall Street’s expectations.

American shares climbed are up around 3.2% in premarket trading as of 7:35 a.m. ET, after the release of its fourth-quarter and full-year earnings report, which included the guidance.

The airline’s earnings for the quarter missed Wall Street’s expectations with adjusted earnings of $0.16 per share. Analysts polled by FactSet expected $0.37 per share.

American, the third of the “Big Four” US airlines to cap off its 2025 fiscal year, said it expects a loss of between $0.10 and $0.50 per share in the first quarter of 2026. Analysts expected a loss of $0.29 per share.

Passenger revenue reached $12.66 billion in Q4, up 2.1% from last year but below estimates of $12.72 billion. American produced an adjusted operating margin of 3.5% in the quarter, compared to 8.4% in the same quarter a year ago.

American also announced a $325 million hit to its revenue from the government shutdown.

And it said the winter storm that has caused widespread cancellations this week will negatively impact revenue by between $150 million and $200 million.

markets
Max Knoblauch

JetBlue sinks on deeper-than-expected loss, forecasts higher costs in 2026

America’s sixth-largest airline, JetBlue, reported its fourth-quarter earnings on Tuesday morning.

For the quarter that ended in December, JetBlue reported an adjusted loss per share of $0.49, a deeper loss than the $0.46 figure expected by Wall Street analysts polled by FactSet. Its passenger revenue dropped 2.2% from the year before to $2.05 billion, beating estimates of $2.02 billion. Still, the airline has now posted year-over-year passenger revenue declines for three years in a row.

JetBlue said it expects its costs per seat mile excluding fuel to rise between 3.5% and 5.5% in the first quarter this year, and between 1% and 3% in 2026. The carrier guided for a boost in capacity between 0.5% and 3.5% in the first quarter of 2026, and between 2.5% and 4.5% for the full year.

JetBlue plans to roll out first class seating to its fleet this year, amid an industry-wide premium push.

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