Ford Motor (F) earnings Q2 2026

DETROIT— Ford Motor raised its 2026 earnings forecast Tuesday after beating Wall Street’s second-quarter earnings expectations regardless of reporting a decline in income that barely missed estimates.

Ford shares rose almost 7% in after-hours buying and selling Tuesday.

Here’s how the corporate carried out within the second quarter, in contrast with common estimates compiled by LSEG:

• Earnings per share: 42 cents adjusted vs. 35 cents anticipated
• Automotive income: $44.89 billion vs. $45.86 billion anticipated

The Detroit automaker cited operational enhancements, resilient car pricing and a excessive gross sales mixture of worthwhile merchandise for its efficiency in addition to the improved steerage.

Ford’s raised steerage contains full-year adjusted earnings earlier than curiosity and taxes of between $10 billion and $11 billion, up from $8.5 billion to $10.5 billion. It additionally raised its expectations for adjusted free money circulation to $6 billion to $7 billion, up from $5 billion to $6 billion.

The extra free money circulation contains an earlier-than-expected money restoration of $500 million of a previously announced $1.3 billion anticipated tariff reimbursement, the corporate mentioned.

The earnings elevate was led by a $500 million anticipated enchancment to its conventional Ford Blue enterprise to between $5 billion and $5.5 billion. It additionally narrowed earnings of its fleet enterprise to between $7 billion and $7.5 billion from a earlier low vary of $6.5 billion.

“We delivered another strong quarter and raised our full-year guidance, but the most important story is the growing evidence that Ford is becoming a more profitable, more disciplined and genuinely different company,” Ford CEO Jim Farley mentioned in a launch.

Ford minimize anticipated losses of its Model e EV enterprise to about $4 billion, in contrast with earlier expectations of losses between $4 billion and $4.5 billion, and mentioned it additionally anticipated barely higher outcomes for its credit score arm.

Each of the automotive enterprise teams reported decrease income in contrast with what analysts have been anticipating. Ford’s complete income, which incorporates its monetary arm, was down 4% throughout the second quarter in comparison with a yr earlier to $48.3 billion.

Ford reported a internet lack of $1.3 billion throughout the second quarter largely because of one-time particular fees associated to its beforehand introduced pullback in all-electric autos. The $4.2 billion in fees included $3.6 billion in restructuring of its BlueOval SK three way partnership battery plant with SK On and $500 million because of a canceled EV program.

That loss was wider than the $36 million internet loss it reported throughout the second quarter of 2025.

Ford reconfirmed plans to ship full-year materials and guarantee price reductions of roughly $1 billion regardless of an influx of recent recalls for the automaker.

Ford CFO Sherry House mentioned the automaker’s restoration of F-Series pickup truck manufacturing will proceed into the again half of the yr, reconfirming a roughly $1 billion enchancment in contrast with final yr’s reported affect.

“We’re successfully navigating the Novelis aluminum supply recovery plan, and we remain confident in our net $1 billion EBIT improvement in 2026, heavily weighted to the second half of the year,” House mentioned throughout a media name.

House declined to reveal why the restoration is on the decrease finish of its prior estimate, however reiterated that the $1 billion enchancment stays.

The automaker has had manufacturing issues with its F-Series vehicles since Novelis, an aluminum provider that gives materials for its giant vehicles and SUVs, had two fires that crippled manufacturing. Item restarted impacted production final month at that New York facility.

Ford mentioned Tuesday it expects to get better about $2.5 billion of its car quantity misplaced as a result of fires, which was the low finish of a spread of as much as $3 billion.

Heading into Ford’s earnings report, Jefferies upgraded Ford and General Motors’ shares to purchase from maintain. Analyst Philippe Houchois mentioned Ford is on observe to start out constructing momentum once more, with the second quarter set to mark a trough.

“We see Q2 as a low point for volume with post-Novelis production set to normalize up,” Houchois wrote. “With US market conditions healthy, management could raise guidance at Q2.”