Ford Motor Company 6.20% Notes · F-PB · FY2026 Q1 · Calendar Q2 2026

Ford raises EBIT outlook as Pro services and EV plans advance

The current analysis supports a constructive but conditional view: Ford's raised EBIT outlook, Ford Pro subscription growth and planned affordable EV platform provide operating support, while commodity costs, free cash flow pressure and execution risk temper the case.

Reported Session unavailableNYSEConsumer Cyclical $51.63B market cap
85quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.64 Consensus $0.19
EPS surprise +237.0% Reported versus consensus
Reported revenue $43.25B Consensus $42.11B
Revenue surprise +2.7% Reported versus consensus

Market reaction

unavailable
Stock move — Event window
SPY move — Same window
Abnormal move — Stock minus SPY
Volume — Versus trailing sessions
Subsequent drift — Up to 20 sessions
Price and volume data were unavailable at publication time.

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Transcript intelligence

What changed

Compared with the prior-quarter analysis, Ford moved from maintained to raised guidance, with a higher adjusted EBIT range after Q1. The current analysis also emphasizes a 30% increase in paid Ford Pro subscriptions, the 2027 UEV launch, and a $2 billion commodity-cost headwind.

Guidance delta

Management raised full-year adjusted EBIT guidance to $8.5-$10.5 billion after Q1; free cash flow and capex guidance were maintained.

Key takeaways

  • Q1 revenue was $43.3 billion and adjusted EBIT was $3.5 billion.
  • Ford Pro software subscriptions grew 30% year over year to 879,000.
  • The universal EV platform is planned for 2027, while commodity costs remain a headwind.

Management priorities

  • Scale Ford Pro software and physical services.
  • Execute the 2027 universal EV platform launch and Louisville plant ramp.
  • Invest in Ford Energy and battery-storage projects while managing aluminum supply.

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Earnings History

Estimate Beat Miss Match
F-PB REVENUE earnings history estimate and actual scatter chart 6 reported fiscal quarters and 4 future estimate-only quarters. Q2 '25 estimate $46B Q2 '25 actual $50B, beat Q3 '25 estimate $47B Q3 '25 actual $51B, beat Q4 '25 estimate $44B Q4 '25 actual $46B, beat Q1 '26 estimate $42B Q1 '26 actual $43B, beat Q2 '26 estimate $47B Q2 '26 actual $48B, beat Q3 '26 estimate $49B Q3 '26 actual $50B, beat Q4 '26 estimate $48B Q1 '27 estimate $44B Q2 '27 estimate $48B Q3 '27 estimate $47B

Company context

Snapshot as of publication

Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Ford Blue, Ford Model E, Ford Pro, Ford Next, Ford Credit, and Corporate Other. The Ford Blue, Ford Model E, and Ford Pro segment includes the sale of Ford and Lincoln vehicles, service parts, and accessories, together with the associated costs to develop, manufacture, distribute, and service the vehicles, parts, and accessories.…

Historical context

All F-PB earnings
—FY2026 Q3 · Calendar Q4 2026—FY2026 Q2 · Calendar Q3 2026

Consumer Cyclical peers this season

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SBUX Starbucks Corporation FY2026 Q4 · Calendar Q4 2026 +11.3% -1.7% Starbucks posts resilient comps and sets FY27 margin targets
RIVN Rivian Automotive, Inc. FY2026 Q3 · Calendar Q4 2026 +25.4% +6.2% Rivian’s R2 scale-up lifted Q3 output and software momentum
AMZN Amazon.com, Inc. FY2026 Q3 · Calendar Q4 2026 -4.1% -1.6% Amazon pairs accelerating AWS AI demand with sustained capital intensity

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-11-01. For educational purposes only; not investment advice.