EarningsQ2 2026 Earnings Report
IT:1F Q2 2026 EPS Results
Actual EPS€0.37
Consensus EPS€0.32
Beat/MissBeat by +€0.05
One Year Ago EPS€0.33
IT:1F Q2 2026 Revenue Results
Actual Revenue€43.02B
Expected Revenue€42.07B
Beat/MissBeat by +€942.45M
YoY Revenue Growth-3.76%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeAfter Close
Conference CallTuesday, July 28, 2026
IT:1F Upcoming Earnings
Ford Motor's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
IT:1F Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a cautiously optimistic tone: Ford delivered stronger-than-expected Q2 profitability, raised full‑year adjusted EBIT guidance, demonstrated product and quality momentum (notably in trucks, off‑road, and software/services), and showed tangible progress on EV platform and energy storage initiatives. However, material near‑term headwinds remain—primarily the Novelis aluminum disruption, one‑time charges from the battery JV disposition, Model e losses, and significant commodity costs and investments weighted to the second half. On balance, operational execution, improved mix/pricing, cash/liquidity strength, and upwardly revised guidance outweigh the near‑term challenges.Company Guidance
Strong Q2 Profitability and Raised Full-Year EBIT Guidance
Q2 revenue of $48.3 billion (down 4% YoY) with adjusted company EBIT of $2.5 billion, up 17% YoY. Management raised and narrowed full‑year adjusted EBIT guidance to $10.0–$11.0 billion (a $1.0 billion increase at the midpoint).
Improved Cash Generation and Liquidity
Generated $2.1 billion of company adjusted free cash flow in Q2; ended the quarter with $22.3 billion of cash and $43.4 billion of total liquidity. Full‑year adjusted free cash flow guidance increased to $6.0–$7.0 billion.
Ford Blue: Strong Mix, Pricing and Truck Leadership
Ford Blue posted $1.1 billion EBIT on $26.1 billion revenue. Revenue was up ~17% YoY and EBIT up ~2% YoY, driven by favorable product mix and net pricing. F‑Series remains #1 truck brand (outselling the nearest competitor by >80k units in H1) and on track for 50 straight years at the top.
Off‑road and Performance Product Momentum
Off‑road enthusiast vehicles comprised 25% of U.S. sales in Q2. Bronco family delivered record first‑half sales. Raptor sales growth of ~9% YTD and series mixes (e.g., Tremor 15% of Expedition sales) driving higher margins and customer diversification; Explorer and Expedition retail sales up ~22% in the quarter.
Ford Pro and Parts/Services Progress
Ford Pro remains market share leader in North America and Europe and delivered $1.7 billion EBIT on $17.8 billion revenue. Paid subscriptions grew ~50% to ~1.6 million (including >900k Ford Pro Intelligence paid subscriptions). Parts and remote/mobile service activity strong (1.5 million remote services in Q2 globally, 1.1 million in the U.S.).
Model e / EV Platform and Ford Energy Advancement
Model e showed a third consecutive quarter of year‑over‑year EBIT improvement (Q2 EBIT loss of $919 million, a ~31% EBIT improvement). Management expects ~40% YoY Gen‑1 EBIT improvement in 2026. UEV platform production changeover underway, with first UEV deliveries starting next year (target entry price ~ $30k). Ford Energy on track for ~20 GWh annual BESS capacity by late next year with prototype cells already in production.
Quality and Durability Recognition
Ford finished #1 among mainstream brands in J.D. Power 2026 Initial Quality Study; company highlighted declining recalls (recall count down ~40% YoY) and continued cost reductions in warranty and materials as part of a longer‑term quality improvement trajectory.
Balance Sheet / Capital Return Discipline
Commitment to investment grade rating and shareholder returns: announced Q3 regular dividend of $0.15/share and noted $16+ billion returned over the past five years via dividends and anti‑dilutive repurchases. Capex guidance maintained at $9.5–$10.5 billion for 2026.
IT:1F Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed