Ford Motor Company reported solid second-quarter 2026 results that exceeded expectations on key profitability metrics, even as total revenue declined. Revenue came in at $48.3 billion, down 4% year-over-year and slightly below some estimates, reflecting lower volumes from discontinued low-margin models and temporary aluminum supply constraints. Adjusted EPS hit $0.42, beating consensus forecasts around $0.30–$0.36, while company-wide adjusted EBIT reached $2.5 billion, up roughly 17–19% from the prior year.
The headline GAAP loss of $1.3 billion (or about $(0.33) per share) stemmed largely from a $3.6 billion non-cash charge related to the disposition of the BlueOval SK battery joint venture, plus additional EV program adjustments. These one-time items masked underlying strength.Management raised full-year 2026 guidance meaningfully: adjusted EBIT to $10.0–$11.0 billion (from $8.5–$10.5 billion) and adjusted free cash flow to $6.0–$7.0 billion (from $5.0–$6.0 billion), with capital expenditures held steady at $9.5–$10.5 billion. The uplift reflects resilient pricing power on iconic trucks, SUVs, and hybrids, industry-leading U.S. quality scores, and emerging contributions from Ford Energy.
Segment performance underscored the story. Ford Blue delivered $26.1 billion in revenue and $1.14 billion in EBIT, powered by F-Series leadership and Bronco demand. Ford Pro generated $17.8 billion in revenue and approximately $1.7 billion in EBIT despite supply headwinds. Model e narrowed its EBIT loss to $919 million, better than expected and marking continued year-over-year improvement.
CEO Jim Farley highlighted that Ford is “becoming a more profitable, more disciplined and genuinely different company,” with confidence in its ability to navigate uncertainties. Shares rose in after-hours trading on the beat and raised outlook.