Q2 25 EPS
$0.37
BEAT +11.11%
Est. $0.33
Q2 25 Revenue
$50.18B
BEAT +14.25%
Est. $43.93B
vs S&P Since Q2 25
+1.0%
BEATING MARKET
F +15.0% vs S&P +14.0%
Market Reaction
Did F Beat Earnings? Q2 2025 Results
Ford Motor Company delivered a stronger-than-expected second quarter, posting adjusted EPS of $0.37 against a consensus estimate of $0.33, an 11.11% beat, while revenue of $50.18 billion topped expectations of $43.93 billion by 14.25% and rose 5.0% y… Read more Ford Motor Company delivered a stronger-than-expected second quarter, posting adjusted EPS of $0.37 against a consensus estimate of $0.33, an 11.11% beat, while revenue of $50.18 billion topped expectations of $43.93 billion by 14.25% and rose 5.0% year-over-year. The headline numbers masked a GAAP net loss of $36 million, weighed down by $1.30 billion in special items including a $600 million fuel injector field service charge and $300 million in EV program cancellation costs. The engine of outperformance was Ford Pro, the commercial vehicle segment, which generated $2.32 billion in EBIT on $18.80 billion in revenue, up 11% year-over-year, as paid software subscriptions climbed 24% to 757,000 units, underscoring the division's growing role as a recurring-revenue powerhouse. Tariffs remained a meaningful drag, cutting adjusted EBIT by $800 million in the quarter alone. Still, Ford reinstated full-year 2025 guidance, withdrawn in May amid tariff uncertainty, now targeting adjusted EBIT of $6.50 billion to $7.50 billion, with shares responding positively to the company's restored forward visibility.
Key Takeaways
- • Ford Pro software and physical services contributed 17% of Ford Pro EBIT on trailing 12-month basis
- • Ford Pro paid subscriptions grew 24% year-over-year to 757,000
- • Fourth consecutive quarter of year-over-year cost improvement excluding tariff impacts
- • Closed roughly $1.5 billion of competitive cost gap in material cost last year
- • Ford Credit earnings before taxes increased 88% year-over-year to $645 million
- • Ford Blue achieved profitable market share gains, higher net pricing and cost improvement
F YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
F Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our second-quarter performance shows the power of the Ford+ plan and continued execution on cost and quality. Ford Pro is a unique competitive advantage driving both top and bottom-line growth while creating new high-margin revenue streams from software and physical services. Ford Blue delivered profitable market share gains, and we continue to improve the efficiency of our Ford Model e business. We have scheduled an event on Aug. 11 in Kentucky where we will share more about our plans to design and build breakthrough electric vehicles in America.”
— Jim Farley, Q2 2025 Earnings Press Release
F Earnings Trends
F vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
F EPS Trend
Earnings per share: estimate vs actual
F Revenue Trend
Quarterly revenue: estimate vs actual
F Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.66 | — | $43.25B | — |
| Q4 25 MISS FY | $0.17 | $0.13 | -25.20% | $45.90B | +17.47% |
| FY Full Year | — | $1.09 | — | $187.27B | — |
| Q3 25 BEAT | $0.36 | $0.45 | +25.42% | $50.53B | +15.21% |
| Q2 25 BEAT | $0.33 | $0.37 | +11.11% | $50.18B | +14.25% |
| Q1 25 BEAT | $0.02 | $0.14 | +557.28% | $40.66B | +13.61% |