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Ford

F Q1 2026 Earnings

Reported Apr 29, 2026 at 4:12 PM ET · SEC Source

Q1 26 EPS

$0.66

Q1 26 Revenue

$43.25B

Did F Beat Earnings? Q1 2026 Results

Ford Motor Company posted a sharply stronger first quarter of 2026, with earnings of $0.66 per share and revenue climbing 6% to $43.25 billion, as a $1.30 billion one-time IEEPA tariff benefit, favorable product mix, and gains in software and service… Read more Ford Motor Company posted a sharply stronger first quarter of 2026, with earnings of $0.66 per share and revenue climbing 6% to $43.25 billion, as a $1.30 billion one-time IEEPA tariff benefit, favorable product mix, and gains in software and services combined to lift adjusted EBIT to $3.49 billion, a $2.50 billion improvement from the year-ago period. Net income reached $2.55 billion, compared to $471.00 million a year earlier, with the Ford Blue segment leading the way at $1.94 billion in EBIT on $23.90 billion in revenue, driven by strong F-Series, Bronco, Explorer, and Expedition demand. Ford Pro contributed $1.69 billion in EBIT with margins expanding to 11.4%, while Model e narrowed its losses to $777.00 million. Encouraged by the quarter's performance, Ford raised its full-year adjusted EBIT guidance to $8.50 billion to $10.50 billion and now expects adjusted free cash flow of $5.00 billion to $6.00 billion, even as commodity headwinds of roughly $2.00 billion and continued Model e investment weigh on the outlook.

Key Takeaways

  • • $1.3 billion one-time IEEPA tariff benefit reflecting amounts paid between March 2025 and February 2026
  • • Strong product mix and net pricing
  • • Growth in software and physical services
  • • Continued strength of F-Series, Bronco, and double-digit growth in Explorer and Expedition sales
  • • Ford Pro paid software subscriptions grew 30% year-over-year to 879,000
  • • Ford Credit healthy financing margins and high-quality book of business
  • • Off-road performance trims account for nearly a quarter of U.S. sales

F Forward Guidance & Outlook

Ford raised its full-year 2026 adjusted EBIT guidance to $8.5 billion to $10.5 billion (from $8.0 billion to $10.0 billion). The company expects adjusted free cash flow of $5.0 billion to $6.0 billion and capital expenditures of $9.5 billion to $10.5 billion, including $1.5 billion for Ford Energy. Segment outlooks: Ford Pro EBIT of $6.5 billion to $7.5 billion; Ford Blue EBIT raised to $4.5 billion to $5.0 billion (from $4.0 billion to $4.5 billion); Model e losses of $4.0 billion to $4.5 billion; Ford Credit EBT of about $2.5 billion. Assumptions include a U.S. SAAR of 16.0 million to 16.5 million, flat industry pricing, a $1.3 billion one-time IEEPA tariff benefit, net $1 billion Novelis recovery improvement in the second half, commodity headwinds of about $2 billion (up $1 billion from prior estimate), tariff impacts of about $1 billion (excluding IEEPA benefit and Novelis), on-track $1 billion in material and warranty cost reductions, and about $1 billion incremental investment in Model e. Guidance excludes potential impacts of a sustained Middle East conflict or significant U.S. economic downturn.

24/7 Wall St

F YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

F Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Our strong first-quarter results and raised full-year guidance reflect the momentum of the Ford+ plan. We built the foundation for a more modern, resilient Ford, improving cost and quality and building our world-class team. We are well-prepared to deliver for our customers and shareholders as we enter one of the most intensive product, software and physical services rollouts in our history.”

— Jim Farley, Q1 2026 Earnings Press Release

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