Ford Reports Q2 2026 Earnings Beat, Raises Full-Year Guidance
Ford reported better-than-expected adjusted earnings of 42 cents per share for the second quarter of 2026, surpassing Wall Street estimates. The company raised its full-year guidance for adjusted EBIT to a range of $10 billion to $11 billion and increased its free cash flow target to between $6 billion and $7 billion. Despite these positive adjustments, Ford's second-quarter revenue fell 4% year-over-year to $48.3 billion due in part to supply chain issues affecting the automotive segment. The company also reported a net loss of $1.3 billion for Q2 compared to a much smaller loss in the same period last year, driven by special charges including write-downs related to its BlueOval SK battery plant partnership and EV program cancellations. Ford's Ford Blue division saw improved EBIT performance while Model e continued to post losses, though these were narrower than expected. The company anticipates a recovery from supply chain disruptions in the second half of 2026.