Ford Motor Company 6% Notes due · F-PC · FY2026 Q1 · Calendar Q2 2026

Ford raises EBIT outlook as commodity costs pressure the near term

The supplied analysis supports a constructive operating trajectory: Q1 performance led to higher full-year adjusted EBIT guidance, with Ford Pro services, F-Series demand, and off-road mix cited as supports. The outlook remains exposed to commodity costs, Novelis execution, capital intensity, and macroeconomic conditions.

Reported Session unavailableNYSEConsumer Cyclical $50.74B market cap
75quality 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, full-year adjusted EBIT guidance moved higher to $8.5-$10.5 billion. The current analysis also emphasizes roughly $2 billion of expected commodity-cost pressure, a unified software and industrial organization, and continued investment in the 2027 universal EV platform and Ford Energy.

Guidance delta

Full-year adjusted EBIT guidance was raised to $8.5-$10.5 billion.

Key takeaways

  • Q1 revenue was $43.3 billion and adjusted EBIT was $3.5 billion.
  • F-Series demand, off-road trim mix, and Ford Pro software and services were identified as supports.
  • Steel and aluminum costs are expected to add about $2 billion of pressure.
  • A unified software, digital, and industrial organization is intended to accelerate EV and software rollout.

Management priorities

  • Launch the universal EV platform in 2027.
  • Continue expanding Ford Pro software and subscription services.
  • Invest in Ford Energy and battery-storage projects.
  • Expand aftermarket parts and multi-make parts sales.

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Earnings History

Estimate Beat Miss Match
F-PC 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

Company description is not available from the source record.

Historical context

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

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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.