Ford Motor Company · F · Next earnings

Ford Motor Company reports Thursday, Oct 22, 2026

F reports after market close with consensus EPS at $0.41 and revenue at $48.83B. Last quarter: Ford Beats EPS Estimates on IEEPA Tariff Benefit, Raises Full-Year EBIT Guidance

Reports After market close32 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $0.41 Calendar consensus
Consensus revenue $48.83B Calendar consensus
Report date Oct 22, 2026 Thursday, date estimated
Session After market close 32 days away

Where F left off: FY2026 Q1

Full report

Ford Beats EPS Estimates on IEEPA Tariff Benefit, Raises Full-Year EBIT Guidance

EPS surprise +260.9% Reported $0.66 vs $0.18
Revenue surprise +1.4% Reported $43.25B vs $42.66B
Stock move -1.3% Event window
Subsequent drift +44.4% Up to 20 sessions

Full-year adjusted EBIT guidance was raised from $8-10B to $8.5-10.5B, a $0.5B increase at both ends of the range. Capex outlook remains increasing. The guidance raise was modest relative to the Q1 beat, partly because the $1.3B IEEPA benefit is one-time and commodity costs are tracking above $2B for the year.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Rising commodity costs (aluminum, steel) estimated at over $2B for the full year
  • Potential prolonged disruption at the Novelis aluminum plant
  • Geopolitical uncertainty from the Middle East conflict
  • Higher capex and cash usage leading to near-term free-cash-flow burn
  • Intense competition in the truck and EV markets from Chinese OEMs and established players

Questions analysts left open

  • Assumptions behind the $1B commodity cost increase
  • Timeline and cost impact of the Novelis mill restart
  • Bridge between Q1 results and the modest full-year EBIT guidance raise
  • Sustainability of the one-time IEEPA benefit and its effect on future guidance
  • Free-cash-flow outlook given high Q1 cash usage

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Recent F quarters

All F earnings
-1.3%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.