Ford Motor Company (F) Earnings
Ford Motor Company is expected to report next earnings on July 29, 2026 (in NaN days), with a consensus EPS estimate of $0.35. F has beaten EPS estimates in 8 of its last 12 reported quarters (average surprise +77.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $0.18 | $0.66 | +260.9% | $43.3B | +1.4% |
| Oct 23, 2025 | $0.35 | $0.45 | +27.2% | $50.5B | +7.4% |
| Jul 30, 2025 | $0.33 | $0.37 | +11.9% | $50.2B | +9.6% |
| Feb 5, 2025 | $0.35 | $0.39 | +11.4% | $48.2B | +1.7% |
| Jul 24, 2024 | $0.68 | $0.47 | -30.9% | $47.8B | +1.2% |
| Feb 6, 2024 | $0.12 | $0.29 | +141.7% | $46.0B | +14.6% |
| Oct 26, 2023 | $0.45 | $0.39 | -13.3% | $43.8B | +12.7% |
| Jul 27, 2023 | $0.51 | $0.72 | +41.2% | $45.0B | +11.3% |
| May 2, 2023 | $0.40 | $0.63 | +57.5% | $41.5B | +14.9% |
| Feb 2, 2023 | $0.60 | $0.51 | -15.0% | $44.0B | +6.3% |
| Oct 26, 2022 | $0.31 | $0.30 | -3.2% | $39.4B | +4.3% |
| Jul 27, 2022 | $0.43 | $0.68 | +58.1% | $40.2B | +9.9% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 29, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Jim Farley thanked the Ford team, dealers, and partners for a strong start to the year. Ford had $43.3 billion in revenue and $3.5 billion in adjusted EBIT this quarter, and raised full - year adjusted EBIT guidance to between $8.5 and $10.5 billion. - Ford has been building the foundation of Ford Plus for five years, strengthening the industrial system, making progress on quality and cost, and advancing software capability. - Established an end - to - end organization for product creation and industrialization. By 2030, almost all global volume will feature next - generation electric architectures and in - house software. - Ford Pro's ecosystem of vehicles, software, and physical services is delivering higher margins, with features like Ford Pro AI to help commercial fleet managers. - Ford Blue's performance is supported by F - Series sales and go - to - market discipline, with Q1 incentive spend below industry average. - Ford Credit had a solid quarter with improvements in financing margin and portfolio performance.
Guidance
- Raised full - year adjusted EBIT guidance to between $8.5 and $10.5 billion. - Full - year adjusted free cash flow expected to be between $5 billion and $6 billion, capital expenditures between $9.5 billion and $10.5 billion. - Ford Pro EBIT guidance between $6.5 and $7.5 billion, Model E losses between $4 billion and $4.5 billion, Ford Credit EBT about $2.5 billion, Ford Blue guidance increased by $500 million to between $4.5 and $5 billion. - Guidance assumes US SAR of 16 million to 16.5 million units in flat industry pricing.
Segment performance
Ford Pro achieved EBIT of $1.7 billion. Ford Blue delivered $1.9 billion in EBIT. Ford Model E had an EBIT loss of $777 million. Ford Credit had EBT of 783 million. Ford Pro's paid software subscriptions grew to 879,000, a 30% year - over - year increase. Ford Blue's off - road performance trims account for nearly a quarter of U.S. sales, and Maverick and F - 150 continue as the best - selling hybrids in their segments. Ford Model E benefits from portfolio changes and is matching supply with demand to optimize profitability.
Risks & headwinds
- Actual results may differ from forward - looking statements. - Significant risk factors included on page 19 of the deck. - Commodity headwinds, including higher aluminum pricing due to global supply constraints, which is about $1 billion year - over - year. - Impact of sustained conflict in the Middle East or significant downturn in the U.S. economy on industry demand.
Analyst Q&A
Q: Joseph Spack with UBS asked about contextualizing commodity increase and Novellus timeline.
A: Sherry and Kumar responded on commodity exposure, Novellus restart in May with contingency plans.
Q: Dan Levy with Barclays asked about improved operations and offsetting commodity costs.
A: Sherry explained software and physical services growth, net pricing, and timing differences.
Q: Andrew Porcocco with Morgan Stanley asked about first quarter performance and guidance raise.
A: Sherry broke down components of performance driving the guidance raise.
Q: Alex Perry with Bank of America asked about off - road trims strategy and commodity hedging.
A: Andrew and Sherry discussed off - road trim strategy and commodity hedging.
Q: Mark Delaney with Goldman Sachs asked about software and physical services revenue growth and pickup market.
A: Sherry and Andrew discussed software and physical services drivers and pickup market outlook.
Q: Emmanuel Rosner with Wolf Research asked about earnings cadence and free cash flow.
A: Sherry explained earnings cadence and free cash flow components.
Q: Edison Yu with Deutsche Bank Research asked about US industrial base and autonomy.
A: Jim and Sherry discussed US industrial base role and autonomy approach.
Q: Ryan Brinkman with JP Morgan asked about Ford Energy and Renault partnership.
A: Sherry and Jim discussed Ford Energy progress and Renault partnership potential.
Q: Colin Langan with Wells Fargo asked about cost items and savings.
A: Sherry addressed cost items and savings.
Q: James Piccariello with BNP Paribas asked about Novellus recovery and UEV platform.
A: Kumar and Andrew responded on Novellus and UEV platform progress.
Q: Itai McAuley with TD Cohen asked about UEV platform and suppliers.
A: Kumar and Andrew discussed UEV platform preparation and supplier updates