Ford Shares Rise on Earnings Beat, Guidance Hike, Citi Upgrade
Ford shares surged nearly 6% following a better-than-expected Q2 earnings report for fiscal year 2026 and an upgraded outlook. The company raised its full-year adjusted EBIT guidance to $10 billion–$11 billion from $8.5 billion–$10.5 billion, citing stronger pricing, higher SUV mix, and reduced tariff exposure. Citi also upgraded Ford stock to Buy with a $20 price target. Ford’s GAAP net loss for the quarter was driven by special charges related to exiting its BlueOval SK battery joint venture and EV program cancellations. However, it is repurposing stranded assets into Ford Energy, focusing on grid-scale storage as an alternative revenue stream beyond passenger electric vehicles (EVs). This strategic shift aims to diversify income sources amid ongoing losses in the Model e segment. In contrast, Tesla shares remained flat after a Q2 earnings miss due to high AI infrastructure costs and margin compression. General Motors also saw little movement despite its own strong quarterly results.
Topics: analyst upgrade automotive electric vehicles (EVs) stock performance