Ford Q2 2026 Results and Guidance Update
Ford Motor Company reported second‑quarter 2026 results that comfortably beat Wall Street expectations on both earnings and revenue, prompting the stock to rise about 4% in after‑hours trading. Adjusted earnings per share were $0.42, exceeding the consensus estimate of $0.35 by $0.07, while revenue reached $48.3 billion, topping the $47.51 billion forecast despite a 4 % year‑over‑year decline from $50.2 billion. Adjusted EBIT increased to $2.5 billion, up $0.4 billion from the prior year. The company posted a net loss of $1.3 billion, primarily reflecting a $3.6 billion largely non‑cash charge related to the disposition of the BlueOval SK joint venture and $0.5 billion of charges linked to previously announced electric‑vehicle program cancellations.
Guidance for the full year was raised across the board. The adjusted EBIT target was lifted to a range of $10.0 billion to $11.0 billion, up from $8.5 billion to $10.5 billion, moving the midpoint up $1.0 billion to $10.5 billion. Adjusted free cash flow guidance was increased to $6.0 billion‑$7.0 billion, versus the prior $5.0 billion‑$6.0 billion range. CEO Jim Farley said the quarter demonstrated that Ford is becoming a more profitable, disciplined and different company.
Segment performance showed Ford Pro generating $1.7 billion of EBIT on $17.8 billion of revenue, a 9.7 % margin but a $0.6 billion decline YoY as the commercial business recovers from aluminum supply‑chain bottlenecks. Ford Blue delivered $1.1 billion of EBIT on $26.1 billion of revenue, with EBIT up $0.5 billion YoY. The Ford Model e segment recorded an EBIT loss of $919 million, marking the third consecutive quarter of year‑over‑year margin improvement.