Ford reported second quarter revenue of $48.3 billion, a decrease of 4% year-over-year, and adjusted EPS of $0.42. The company posted a GAAP net loss of $1.3 billion, which included a $3.6 billion charge related to the disposition of the BlueOval SK joint venture. Ford raised its full-year adjusted EBIT and free cash flow guidance.
Key Highlights
- Management raised its full-year 2026 adjusted EBIT guidance to a range of $10.0 billion to $11.0 billion, up from the prior range of $8.5 billion to $10.5 billion.
- The Ford Blue segment, which includes internal combustion and hybrid vehicles, saw EBIT increase by $474 million year-over-year to $1.1 billion.
- The Ford Model e electric vehicle segment reported a third consecutive quarter of year-over-year EBIT improvement, with its loss narrowing to $919 million from $1.3 billion in the prior year.
- Ford Pro, the commercial vehicle segment, generated $1.7 billion in EBIT on a 9.7% margin, though EBIT was down from the prior year due to temporary aluminum supply constraints.