Ford Reports Strong Q2 Earnings and Raises Full-Year Guidance
Ford reported second-quarter results that exceeded expectations, with automotive revenue of $44.89 billion and adjusted earnings per share (EPS) of $0.42 versus estimates of $0.36. The automaker also raised its full-year guidance for adjusted EBIT to a range of $10 billion to $11 billion from previously expected $8.5 billion to $10.5 billion, citing strong pricing and product mix improvements. The company attributed the improved outlook in part to net tariff exposure benefits and an increase in higher-margin SUV sales. Ford also raised its adjusted free cash flow forecast for 2026 to between $6 billion and $7 billion from a prior range of $5 billion to $6 billion. The stock rose nearly 4% premarket following the report. Despite these gains, Ford recorded an overall net loss due to significant charges in its EV business—$4.2 billion for the quarter—with over $3 billion being non-cash. The automaker is shifting focus toward a new electric vehicle platform aimed at smaller and more affordable models.
