Ford Motor CEO Jim Farley announced that the company increased its 2026 earnings forecast after surpassing Wall Street’s second-quarter earnings expectations, even though revenue declined slightly and fell short of estimates.
The company reported second-quarter revenue of $48.3 billion, down $1.9 billion year-over-year. This decline reflects lower wholesale volumes, including discontinued products, aluminum supply constraints, and the adjustment of Gen-1 electric vehicle volumes to match customer demand, partially offset by a favorable product mix.
Ford Q2 earnings summary:
• Second-quarter revenue of $48.3 billion, down $1.9 billion year-over-year; net loss of $1.3 billion, down $1.3 billion year-over-year, adjusted EBIT of $2.5 billion, up $0.4 billion year-over-year. As expected, the net loss includes a $3.6 billion largely non-cash special item charge tied to the previously announced disposition of the BlueOval SK (BOSK) joint venture
• Operating cash flow of $4.3 billion; adjusted free cash flow of $2.1 billion
• Company declares a third-quarter regular dividend of 15 cents per share
• Company raises full-year adjusted EBIT guidance to $10 billion to $11 billion (from $8.5 billion to $10.5 billion) and adjusted free cash flow to $6.0 billion to $7.0 billion (from $5.0 billion to $6.0 billion)
Ford President and CEO Jim Farley told investors: “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. Our iconic trucks, off-roaders and hybrids are commanding real pricing power; our quality is now industry-leading in the U.S.; and profitable new adjacencies, such as Ford Energy, are opening fresh sources of growth.”
“Ford delivered another solid quarter, reflecting a resilient underlying business and disciplined execution,” said CFO Sherry House. “Our team is improving the way we operate — sharpening our industrial system, fundamentally reducing costs, and partnering in global markets for speed and efficiency. We are not just executing to plan; we are building a company able to perform through a wide range of uncertainties, and that gives us confidence in the earnings power we’re creating.”
Ford shares rose nearly 7% following the announcement.
By CEO NA Editorial Staff
