Ford Motor (F) earnings Q2 2026

DETROIT — Ford Motor It raised its 2026 earnings forecast on Tuesday after beating Wall Street’s second-quarter earnings expectations despite reporting a decline in revenue that slightly missed estimates.

Ford shares rose nearly 7% in after-hours trading Tuesday.

Here’s how the company performed in the second quarter compared to average estimates compiled by LSEG:

• Earnings per share: 42 cents adjusted, 35 cents expected
• Automotive revenue: 44.89 billion dollars, while the expectation was 45.86 billion dollars

The Detroit automaker cited operational improvements, flexible vehicle pricing and a high sales mix of profitable products for its performance as well as improved guidance.

Ford’s upgraded forecast calls for full-year adjusted earnings before interest and taxes between $10 billion and $11 billion, up from $8.5 billion to $10.5 billion. It also increased its adjusted free cash flow expectations from $5 billion to $6 billion and from $6 billion to $7 billion.

The company said the additional free cash flow included the earlier-than-expected recovery of $500 million of the previously announced $1.3 billion expected tariff refund.

The earnings increase was driven by an expected $500 million improvement in the traditional Ford Blue business to $5 billion to $5.5 billion. It also reduced earnings in its fleet business to between $7 billion and $7.5 billion, from a previous low of $6.5 billion.

“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 truly differentiated company,” Ford CEO Jim Farley said in a statement.

Ford cut expected losses on its Model e EV business to about $4 billion, compared with previous expectations for losses of $4 billion to $4.5 billion, and also said it expected slightly better results for its credit arm.

Each of the automotive business groups reported lower revenue compared to analysts’ expectations. Ford’s total revenue, including its financial arm, fell 4% in the second quarter from a year earlier to $48.3 billion.

Ford reported a net loss of $1.3 billion in the second quarter, largely due to one-time special charges related to its previously announced pullback on electric vehicles. $3.6 billion of the $4.2 billion charge was: restructuring of the BlueOval SK joint venture battery facility with SK On due to the canceled EV program and $500 million.

The automaker has been experiencing production problems for its F-Series trucks since aluminum supplier Novelis, which provides materials for its large trucks and SUVs, suffered two fires that disrupted production. IT The affected production resumed at the New York facility last month.