Ford (F) Q3 2026 Earnings
GAAP diluted EPS of $0.50 included pre-tax special items of $(127) million: EV program cancellations $(0.2)B, legal matter $(0.2)B, Europe restructuring $(0.1)B, offset by a $0.3B pension/OPEB remeasurement gain.
How Did F Stock React to Q3 2026 Earnings?
Did F Beat Earnings? Q3 2026 Results
Yes. Ford reported Q3 2026 earnings of $0.49 a share on Oct 28, 2026, beating the $0.40 consensus estimate by 21.4%. Revenue was $49.5B against a $45.8B estimate.
Ford Motor posted a stronger-than-expected third quarter for fiscal 2026, with adjusted EPS of $0.49 beating the $0.40 consensus by 21.44% and revenue of $49.53 billion clearing estimates by 8.12%, even as sales slipped 2.0% year over year amid a 9% drop in wholesale volumes to roughly 1.05 million units. The profit outperformance was driven in large part by Ford Credit, where earnings before taxes jumped 27% to $803 million on favorable derivative mark-to-market movements and healthy used-vehicle pricing, while adjusted EBIT across the company edged up to $2.66 billion from $2.59 billion a year ago. The Model e division, which has drawn investor attention around F-Series production developments, narrowed its EBIT loss by 25% to $1.06 billion despite a steep 31% decline in EV wholesales. Ford also raised the low end of its full-year adjusted EBIT guidance to $10.50 billion to $11.00 billion and reaffirmed adjusted free cash flow of $6.00 billion to $7.00 billion, with management targeting an 8% adjusted EBIT margin by 2029.
- Ford Blue EBIT down 10% on lower volume from product discontinuations, the Middle East conflict and higher commodity costs, partially offset by favorable mix
- Ford Pro EBIT down 16% on higher commodities and temporary Super Duty launch costs at Oakville Assembly Complex, partially offset by lower tariffs and favorable mix
- Ford Model e EBIT loss improved 25% as first-generation EVs are optimized for profitability
- Ford Credit EBT up 27% on favorable derivative mark-to-market, healthy financing margins and supportive used vehicle pricing
- Record growth in software services and parts
- Cost actions including warranty and material cost reductions
“Ford delivered a strong quarter as we're entering a defining phase of the company's transformation with the launch of our Universal Electric Vehicle platform, Ford Energy, an all-new F-150 and a new lineup of vehicles around the world over the next few years.”
Ford CEO, on the earnings call
What Is Ford's Outlook?
Ford raised the low end of its full-year 2026 adjusted EBIT guidance to $10.5–$11 billion (from $10–$11 billion). Adjusted free cash flow guidance remains $6–$7 billion and capital expenditures $9.5–$10.5 billion. Segment expectations: - Ford Blue EBIT of about $5.5 billion - Ford Pro EBIT of about $7 billion - Ford Model e losses of about $4 billion - Ford Credit EBT of about $2.8 billion Guidance assumptions: - U.S. SAAR of 16.5 million units - Commodity headwinds approaching $2.5 billion year over year - U.S. industry pricing about 100 basis points higher - $1 billion in material and warranty cost reductions, excluding tariffs and Novelis Guidance excludes potential impacts of a significant Middle East conflict escalation or a material U.S. economic downturn. Management is targeting an 8% adjusted EBIT margin by 2029.
F YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $49.5B | $50.5B | −2.0% |
| Operating Income | $1.5B | $1.6B | −6.7% |
| Net Income | $2.0B | $2.4B | −16.3% |
F Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.