Jun 2026 (Q2 FY26) — Jul 28, 2026
Ford Motor Company Q2 FY26 — Strong EBIT Growth and Raised Full-Year Outlook
Read the full callFord Motor Company (F) earnings
- Mar 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Ford Motor Company earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 43,253 | +6.4% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 5.4 | +4.6 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | Quarterly, as filed | Quarter to Mar 2026 | Not in the filed figures for the quarter to mar 2026. No older figure is substituted. |
Guidance
What management said, and what became of it
4 of 5 judged targets kept · 32 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year company adjusted EBIT | $8 billion to $10 billion | Dec 2025 | We are also raising and narrowing our full year adjusted EBIT guidance to between $10 billion and $11 billion, a $1 billion raise at the midpoint | Revised Up |
| Company adjusted EBIT margin | 8% adjusted EBIT margin | Dec 2025 | keeping us firmly on the path to our 8% EBIT margin target by 2029 | On Track |
1 of FORD MOTOR CO's 37 targets was missed. See which ones, and which are quietly gone. The 2 above are the free sample; 35 more targets are in the full ledger.
Claimed
- Adjusted EBIT increased by 17% year-over-year to $2.5 billion.
- Full-year adjusted EBIT guidance raised by $1 billion at the midpoint to between $10 billion and $11 billion.
- Generated $2.1 billion in company adjusted free cash flow.
- Ford finished #1 among All Mainstream Brands in J.D. Power's 2026 Initial Quality Study.
- Ford Blue EBIT grew 72% to $1.1 billion, driven by strong mix and net pricing.
- Total paid subscriptions grew about 50% to roughly 1.6 million.
Qualified
- Reported a net loss of $1.3 billion due to a one-time special item charge of $3.6 billion related to the BlueOval SK Battery Joint Venture disposition.
- Revenue decreased 4% year-over-year to $48.3 billion, impacted by expected volume reductions from Novelis aluminum supply and vehicle sunsetting.
- Full-year cost impact from the Novelis disruption is now expected to be about $1.5 billion.
- Model e reported an EBIT loss of $919 million, despite a 31% year-over-year improvement.
Price
$12.18 −2.01% · −$0.25
Performance +2.2% 1Y
1Y: $11.92 on 17 Oct 2025 → $12.18. High $17.44 (29 May 2026), low $11.21 (30 Mar 2026).
- Previous close
- $12.43
- 52-week range
- $11.21 – $17.44
- One year
- +1.58%
Overview
- Symbol
- F
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
4 of 5 judged targets kept · 32 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year company adjusted EBIT | $8 billion to $10 billion | Dec 2025 | We are also raising and narrowing our full year adjusted EBIT guidance to between $10 billion and $11 billion, a $1 billion raise at the midpoint | Revised Up |
| Company adjusted EBIT margin | 8% adjusted EBIT margin | Dec 2025 | keeping us firmly on the path to our 8% EBIT margin target by 2029 | On Track |
Claimed
- Adjusted EBIT increased by 17% year-over-year to $2.5 billion.
- Full-year adjusted EBIT guidance raised by $1 billion at the midpoint to between $10 billion and $11 billion.
- Generated $2.1 billion in company adjusted free cash flow.
- Ford finished #1 among All Mainstream Brands in J.D. Power's 2026 Initial Quality Study.
- Ford Blue EBIT grew 72% to $1.1 billion, driven by strong mix and net pricing.
- Total paid subscriptions grew about 50% to roughly 1.6 million.
Qualified
- Reported a net loss of $1.3 billion due to a one-time special item charge of $3.6 billion related to the BlueOval SK Battery Joint Venture disposition.
- Revenue decreased 4% year-over-year to $48.3 billion, impacted by expected volume reductions from Novelis aluminum supply and vehicle sunsetting.
- Full-year cost impact from the Novelis disruption is now expected to be about $1.5 billion.
- Model e reported an EBIT loss of $919 million, despite a 31% year-over-year improvement.
The full ledger
Open FORD MOTOR CO’s full ledger
A free account opens 5 company ledgers a month. All 37 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 29, 2026
Ford Q1 FY26 — Full-year EBIT guidance raised on strong execution and a one-time IEEPA tariff benefit
Read the full callDec 2025 (Q4 FY25) — Feb 10, 2026
Ford Motor Company Q4 FY25 — Strong Foundation for 8% EBIT Target by 2029
Read the full callEvery analysed call
Ford Motor Company earnings calls (F)
Financials
What the filings say
Net profit, year on year: −102% (quarter to jun 2025 against jun 2024).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 47,808 | 46,196 | 48,211 | 40,659 | 50,184 | 50,534 | 45,890 | 43,253 |
| Expenses | 45,925 | 45,316 | 46,980 | 40,340 | 49,673 | 48,976 | 57,447 | 40,924 |
| Operating profit | 1,883 | 880 | 1,231 | 319 | 511 | 1,558 | -11,557 | 2,329 |
| Operating margin | 3.9% | 1.9% | 2.5% | 0.8% | 1.0% | 3.1% | −25.2% | 5.4% |
| Other income | 628 | 114 | 1,211 | 496 | 577 | 560 | 113 | 773 |
| Interest | — | — | — | 288 | — | — | — | 350 |
| Profit before tax | 2,438 | 869 | 2,314 | 621 | 541 | 1,818 | -14,810 | 2,912 |
| Tax rate | 24.8% | −3.1% | 20.9% | 23.8% | 105.4% | −34.6% | 25.4% | 12.4% |
| Net profit | 1,831 | 892 | 1,824 | 471 | -36 | — | — | — |
| EPS ($ per share) | 0.46 | 0.22 | — | 0.12 | -0.01 | 0.61 | — | 0.64 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 22,668 | 20,320 | 18,243 | 35,769 | 31,754 | 31,029 | 33,740 | 22,508 |
| Total liabilities | 220,474 | 225,307 | 236,450 | 208,413 | 212,717 | 230,512 | 240,338 | 253,180 |
| Fixed assets | 36,178 | 36,469 | 37,083 | 37,139 | 37,265 | 40,821 | 41,928 | 37,288 |
| Investments | 17,233 | 17,147 | 24,718 | 29,053 | 18,936 | 15,309 | 15,413 | 15,131 |
| Total assets | 256,540 | 258,537 | 267,261 | 257,035 | 255,884 | 273,310 | 285,196 | 289,160 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 15,022 | 17,639 | 24,269 | 15,787 | 6,853 | 14,918 | 15,423 | 21,282 |
| Cash from investing | -16,261 | -13,721 | -18,615 | 2,745 | -4,347 | -17,628 | -24,370 | -18,049 |
| Cash from financing | -122 | -3,129 | 2,315 | -23,498 | 2,511 | 2,584 | 7,485 | -3,205 |
| Net cash flow | -1,731 | 834 | 8,194 | -5,198 | 4,603 | -230 | -1,920 | 560 |
| Capital expenditure | -7,785 | -7,632 | -5,742 | -6,227 | -6,866 | -8,236 | -8,684 | -8,815 |
| Free cash flow | 7,237 | 10,007 | 18,527 | 9,560 | -13 | 6,682 | 6,739 | 12,467 |
F revenue by segment
Ford Blue shrank from 57% to 51% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Ford Blue | 57% | 57% | 52% | 51% | 78% | 130% | 77% | 78% | +45.5% |
| Ford Pro | 34% | 34% | 37% | 37% | 34% | 33% | 34% | 37% | -5.4% |
| Ford Credit | 7% | 7% | 8% | 6% | 7% | 8% | 8% | 7% | +5.1% |
| Ford Model E | 3% | 3% | 3% | 5% | 4% | 4% | 3% | 2% | -52.1% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
F operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Sep 2025 Q3 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|
| Paid subscription members Ford Pro | 675KOn the software side, Pro's paid subscriptions, which deliver better than 50% gross margin rose to 675,000, up 20% from a year ago.Source: earnings call transcript | 818KIn software, Pro's paid subscriptions grew 8% to 818,000 subscribers, and we're also seeing growth in our ARPU and attach rates.Source: earnings call transcript | 879KIn fact, paid software subscriptions grew to 879,000, a 30% year-over-year increase.Source: earnings call transcript | 900K+Total paid subscriptions grew about 50% to roughly 1.6 million, including more than 900,000 Ford Pro Intelligence paid subscriptions.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
150 filings between Oct 30, 2025 and Oct 15, 2026.
Open market
decisions to buy or sellPurchases
$2.18M
3 purchases by 2 insiders
Sales
None
No insider sold shares.
Compensation
not trading decisions- 5
- Award — granted as compensation
- 62
- Option exercise — converted options into shares
- 56
- Tax withheld — shares kept back by the company to cover tax
Also filed: 18 gifts, 6 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| FORD WILLIAM CLAY JR | $1.93M | — | Feb 19, 2026 |
| THORNTON JOHN L | $248.1K | — | Jun 23, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | Davis Alicia Boler President, Ford Pro | Tax withheld | 111,225 | $1.34M |
| Oct 15, 2026 | Davis Alicia Boler President, Ford Pro | Option exercise | 255,102 | — |
| Sep 22, 2026 | Ford III Henry Director | Gift | 8,673 | $0 |
| Sep 22, 2026 | Ford III Henry Director | Gift | 8,673 | $0 |
| Sep 22, 2026 | Ford III Henry Director | Gift | 8,673 | $0 |
| Sep 22, 2026 | Ford III Henry Director | Gift | 2,891 | $0 |
| Sep 15, 2026 | FORD WILLIAM CLAY JR Executive Chair and Chair | Other | 1,464,460 | — |
| Sep 15, 2026 | FORD WILLIAM CLAY JR Executive Chair and Chair | Other | 1,451,097 | — |
| Sep 15, 2026 | FORD WILLIAM CLAY JR Executive Chair and Chair | Other | 85,301 | — |
| Sep 15, 2026 | FORD WILLIAM CLAY JR Executive Chair and Chair | Other | 85,301 | — |
| Jun 23, 2026 | THORNTON JOHN L Director | Purchase | 10,600 | $148.9K |
| Jun 4, 2026 | Crockett Kyle Chief Accounting Officer | Tax withheld | 32,307 | $507.5K |
| Jun 4, 2026 | Crockett Kyle Chief Accounting Officer | Option exercise | 74,098 | — |
| May 21, 2026 | May John C II Director | Award | 23,043 | $304.6K |
| May 21, 2026 | Helman William W Director | Award | 15,727 | $207.9K |
| May 21, 2026 | English Alexandra Ford Director | Award | 23,043 | $304.6K |
| May 21, 2026 | THORNTON JOHN L Director | Award | 15,727 | $207.9K |
| May 21, 2026 | Ford III Henry Director | Award | 15,727 | $207.9K |
| May 20, 2026 | WEINBERG JOHN S Director | Option exercise | 33,620 | — |
| May 20, 2026 | Veihmeyer John B Director | Option exercise | 36,822 | — |
| May 15, 2026 | Waldo Jennifer Chief People & E. Exp. Officer | Option exercise | 61,111 | — |
| May 15, 2026 | Waldo Jennifer Chief People & E. Exp. Officer | Tax withheld | 26,547 | $384.4K |
| May 15, 2026 | Waldo Jennifer Chief People & E. Exp. Officer | Option exercise | 61,111 | — |
| May 15, 2026 | Waldo Jennifer Chief People & E. Exp. Officer | Tax withheld | 27,352 | $396.1K |
| May 15, 2026 | Waldo Jennifer Chief People & E. Exp. Officer | Tax withheld | 26,547 | $384.4K |
| May 15, 2026 | Waldo Jennifer Chief People & E. Exp. Officer | Option exercise | 62,963 | — |
| Apr 1, 2026 | Aragon Michael President, Integrated Services | Option exercise | 282,192 | — |
| Apr 1, 2026 | Aragon Michael President, Integrated Services | Tax withheld | 123,036 | $1.42M |
| Mar 4, 2026 | Galhotra Ashwani Kumar Chief Operating Officer | Tax withheld | 34,077 | $432.8K |
| Mar 4, 2026 | House Sherry Ann Chief Financial Officer | Option exercise | 60,360 | — |
| Mar 4, 2026 | Amend Michael Chief Enterprise Tech. Officer | Option exercise | 18,650 | — |
| Mar 4, 2026 | House Sherry Ann Chief Financial Officer | Tax withheld | 26,317 | $334.2K |
| Mar 4, 2026 | Amend Michael Chief Enterprise Tech. Officer | Tax withheld | 12,994 | $165.0K |
| Mar 4, 2026 | Amend Michael Chief Enterprise Tech. Officer | Option exercise | 29,960 | — |
| Mar 4, 2026 | FIELD JOHN DOUGLAS Chief EV, Digital & Design Off | Tax withheld | 85,591 | $1.09M |
| Mar 4, 2026 | FIELD JOHN DOUGLAS Chief EV, Digital & Design Off | Option exercise | 173,683 | — |
| Mar 4, 2026 | FIELD JOHN DOUGLAS Chief EV, Digital & Design Off | Tax withheld | 44,933 | $570.6K |
| Mar 4, 2026 | Amend Michael Chief Enterprise Tech. Officer | Tax withheld | 8,089 | $102.7K |
| Mar 4, 2026 | House Sherry Ann Chief Financial Officer | Option exercise | 72,368 | — |
| Mar 4, 2026 | Frick Andrew President, Ford Blue & Model e | Tax withheld | 8,560 | $108.7K |
| Mar 4, 2026 | Frick Andrew President, Ford Blue & Model e | Tax withheld | 11,750 | $149.2K |
| Mar 4, 2026 | Frick Andrew President, Ford Blue & Model e | Option exercise | 29,960 | — |
| Mar 4, 2026 | Galhotra Ashwani Kumar Chief Operating Officer | Option exercise | 55,950 | — |
| Mar 4, 2026 | FARLEY JR JAMES D President and CEO | Option exercise | 235,052 | — |
| Mar 4, 2026 | FARLEY JR JAMES D President and CEO | Tax withheld | 102,483 | $1.30M |
| Mar 4, 2026 | FIELD JOHN DOUGLAS Chief EV, Digital & Design Off | Option exercise | 91,177 | — |
| Mar 4, 2026 | FARLEY JR JAMES D President and CEO | Option exercise | 168,264 | — |
| Mar 4, 2026 | FARLEY JR JAMES D President and CEO | Tax withheld | 73,364 | $931.7K |
| Mar 4, 2026 | Frick Andrew President, Ford Blue & Model e | Option exercise | 27,975 | — |
| Mar 4, 2026 | Galhotra Ashwani Kumar Chief Operating Officer | Tax withheld | 24,395 | $309.8K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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