Ford Motor Company 6% Notes due · F-PC · FY2026 Q2 · Calendar Q3 2026
Ford raises EBIT outlook as trucks and subscriptions support growth
The quarter supports a constructive operating trajectory: strong truck and off-road mix, expanding subscriptions and progress in energy storage offset near-term aluminum and commodity pressures. Execution on the UEV platform and Ford Energy remains important to sustaining that trajectory.
Earnings scorecard
Reported versus consensusMarket reaction
unavailableAsk FN2 about F-PC FY2026 Q2
Transcript, numbers and history already loadedFree account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Ford reported Q2 2026 revenue of $48.3 billion, down 4% year over year, while adjusted EBIT rose 17% to $2.5 billion and free cash flow reached $2.1 billion. Management raised full-year adjusted EBIT guidance to $10-$11 billion and highlighted 50% year-over-year growth in software and subscription revenue to 1.6 million paid users.
Guidance delta
Raised full-year adjusted EBIT guidance to $10-$11 billion, a $1 billion higher midpoint than the prior outlook.
Key takeaways
- Truck and off-road models delivered record mix upgrades and pricing power.
- Software and subscription growth is supporting margin expansion.
- Ford Energy is targeting 20 GWh of annual storage capacity by late 2027.
- Novelis aluminum constraints and commodity volatility remain material headwinds.
Management priorities
- Expand truck and Super Duty capacity, including the Oakville plant expansion.
- Launch the affordable UEV platform and develop its connected-vehicle offering.
- Scale Ford Energy toward 20 GWh and pursue utility and hyperscaler contracts.
- Grow software and subscription services, including Ford Pro and BlueCruise.
Follow F-PC with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Company context
Snapshot as of publicationCompany description is not available from the source record.
Historical context
All F-PC earningsConsumer Cyclical peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| MGA Magna International Inc. | FY2026 Q3 · Calendar Q4 2026 | +15.8% | -1.4% | Magna expands margins as China production weighs on sales outlook |
| H Hyatt Hotels Corporation | FY2026 Q3 · Calendar Q4 2026 | +67.1% | +6.3% | Hyatt raises RevPAR and fee-growth outlook after strong Q3 |
| LTH Life Time Group Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | +25.9% | +5.1% | Life Time Group Raises Guidance as Growth Broadens |
| 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 |
Latest beats and misses
Who reports nextBeat on EPS
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
- EXCFY2026 Q3 · October 30, 2026+10.4% EPS+0.5% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the F-PC recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-07-29T01:05:42.686407+00:00
- FN2 earnings calendar · 2026-09-02T01:23:14.593608+00:00
- 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 2026-10-31. For educational purposes only; not investment advice.