Ford Motor Company reported a $1.3 billion net loss for the second quarter. This result marks a decline from the profit recorded during the same period last year. Pre-tax special item charges totaling $4.2 billion drove the quarterly loss. These charges include a $3.6 billion non-cash item related to the BlueOval SK joint venture. The company also recorded a $500 million charge for canceling specific electric vehicle programs. Adjusted earnings before interest and taxes (EBIT) rose to $2.5 billion. The Ford Pro commercial unit and Ford Blue gas-engine division bolstered overall performance. These segments offset ongoing losses within the Model e electric vehicle division. Ford raised its full-year 2026 guidance following a strong first-half performance. The automaker now expects adjusted EBIT between $10.0 billion and $11.0 billion. Projected adjusted free cash flow ranges from $6.0 billion to $7.0 billion.