Ford beats profit estimates, raises 2026 forecast as shares jump

The automaker reported adjusted net of $0.42 per stock for the quarter, topping expert estimates of $0.30.

Revenue came successful astatine $48.3 billion, up of the $45.86 cardinal analysts had expected, though down 4% from a twelvemonth earlier.

Adjusted EBIT fell 26% year-over-year to $1.72 billion, inactive good supra the $1.31 cardinal analysts had forecast.

On a GAAP basis, Ford posted a nonaccomplishment of $0.33 per share, weighed down by a $3.6 cardinal non-cash complaint tied to the disposition of its BlueOval SK associated venture.

Ford raised its full-year adjusted EBIT guidance to a scope of $10 cardinal to $11 billion, up from a anterior scope of $8.5 cardinal to $10.5 billion. The institution besides lifted its adjusted escaped currency travel outlook to $6 cardinal to $7 billion.

Capital expenditure guidance was unchanged astatine $9.5 cardinal to $10.5 billion.

By segment, Ford Blue posted gross of $26.1 billion, supra estimates of $25.68 billion, with EBIT of $1.14 cardinal versus expectations of $972.7 million. Ford Pro generated $17.8 cardinal successful revenue, astir successful enactment with the $17.73 cardinal analysts had projected.

Ford Model e, the company's electrical conveyance unit, reported an EBIT nonaccomplishment of $919 million, narrower than the $1.09 cardinal nonaccomplishment analysts had expected.