Ford (F) Q2 2026 Earnings
GAAP EPS of -$0.33 includes $4.2 billion of pre-tax special item charges, including a $3.6 billion largely non-cash charge related to the BOSK JV disposition and $0.5 billion tied to EV program cancellations announced in December 2025.
How Did F Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +5.47%.
Did F Beat Earnings? Q2 2026 Results
Yes. Ford reported Q2 2026 earnings of $0.42 a share on Jul 28, 2026, beating the $0.35 consensus estimate by 21.3%. Revenue was $48.3B against a $45.8B estimate.
Ford Motor Company delivered a stronger-than-expected second quarter, with adjusted EPS of $0.42 beating the $0.35 consensus estimate by 21.28% and revenue of $48.30 billion clearing Wall Street's $45.80 billion forecast by 5.45%, even as sales slipped 3.8% year-over-year. The headline numbers masked a GAAP net loss of $1.33 billion, driven by $4.20 billion in pre-tax special item charges, including a $3.60 billion largely non-cash charge tied to the disposition of the BlueOval SK joint venture and $500 million related to EV program cancellations announced in December 2025. Strip those out and the underlying business showed genuine momentum, with adjusted EBIT rising $400 million year-over-year to $2.50 billion as strong truck and off-road pricing within Ford Blue more than offset continued losses in the Model e segment. Ford raised its full-year 2026 adjusted EBIT guidance to $10.00 billion to $11.00 billion, up from the prior range of $8.50 billion to $10.50 billion, with adjusted free cash flow now expected at $6.00 billion to $7.00 billion, a development that drew at least one analyst upgrade following the report.
- Strong pricing power in U.S. trucks and off-road trims
- Industry-leading U.S. quality performance
- Favorable mix partially offsetting lower wholesale volumes
- Ford Credit strong financing margin and high-quality portfolio
- Third consecutive quarter of year-over-year EBIT improvement at Ford Model e
- Disciplined cost management and operational improvement
“We delivered another strong quarter and raised our full-year guidance, but the more important story is the growing evidence that Ford is becoming a more profitable, more disciplined and genuinely different company.”
Ford CEO, on the earnings call
What Is Ford's Outlook?
Ford raised full-year 2026 guidance: adjusted EBIT now expected at $10.0–$11.0 billion (from $8.5–$10.5 billion); adjusted free cash flow at $6.0–$7.0 billion (from $5.0–$6.0 billion), which includes expected 2026 cash recovery of approximately $500 million of the $1.3 billion IEEPA reimbursement recorded in Q1. Capital expenditures unchanged at $9.5–$10.5 billion. By segment: Ford Blue EBIT of $5.0–$5.5 billion (from $4.5–$5.0 billion); Ford Pro EBIT of $7.0–$7.5 billion (from $6.5–$7.5 billion); Ford Model e loss of approximately $4.0 billion (from $4.0–$4.5 billion loss), including about $1 billion in incremental investment for the Universal EV platform and Ford Energy; Ford Credit EBT above $2.5 billion (from about $2.5 billion). Key assumptions include U.S. SAAR of 16.0–16.5 million units, full-year U.S. industry net pricing up about 0.5%, approximately $1 billion in material and warranty cost reductions offset by approximately $1 billion of investment in Universal EV and Ford Energy, and Novelis year-over-year impact of about $1 billion as a net EBIT tailwind heavily weighted to the second half. Guidance excludes potential significant Middle East escalation, material U.S. economic downturn, or new unannounced tariff or policy changes.
F YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $48.3B | $50.2B | −3.8% |
| Operating Income | $638.0M | $511.0M | +24.9% |
F Revenue by Segment
When Does Ford Report Next?
Figures from SEC filings and company reports. Not investment advice.