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.
F YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
F Revenue by Segment
With YoY comparisons, source: SEC Filings
“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
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% |