Ford Motor (1F) Q3 2026 Earnings Report
IT:1F Q3 2026 EPS Results
- Actual EPS
- EUR 0.44
- Consensus EPS
- EUR 0.37
- Beat/Miss
- Beat by +EUR 0.07
- One Year Ago EPS
- EUR 0.40
IT:1F Q3 2026 Revenue Results
- Actual Revenue
- EUR 44.22B
- Expected Revenue
- EUR 43.82B
- Beat/Miss
- Beat by +EUR 402.40M
- YoY Revenue Growth
- -1.99%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/28/2026
- Time
- After Close
- Conference Call
- Wednesday, October 28, 2026
Ford Motor's next earnings date is estimated for February 4, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was predominantly positive. Ford reported strong adjusted EBIT, free cash flow, liquidity, product performance, Ford Credit earnings, auto adjacency growth and Ford Energy customer commitments, while raising the low end of full-year EBIT guidance. These strengths outweighed the explicitly stated challenges, including lower revenue, declines in Ford Blue and Ford Pro EBIT, ongoing Model e losses, commodity and logistics headwinds, European pressure and remaining Fathom supply-base risks.
Ford now expects full year 2026 adjusted EBIT between $10.5 billion and $11 billion, adjusted free cash flow of $6 billion to $7 billion and capital expenditures of $9.5 billion to $10.5 billion; full year segment guidance is Ford Blue EBIT of about $5.5 billion, Ford Pro EBIT of about $7 billion, Model e losses of about $4 billion and Ford Credit EBT of about $2.8 billion. Guidance assumes a U.S. SAAR of 16.5 million units, commodity headwinds approaching $2.5 billion year-over-year, U.S. industry pricing of about 100 basis points higher year-over-year, and $1 billion in material and warranty cost reductions, excluding Novelis and tariffs, and does not include potential impacts of a significant escalation in the Middle East or a material downturn in the U.S. economy. Ford expects 2027 profitability to be roughly in line with this year, with commodities, memory and logistics costs a year-over-year headwind of about $2 billion at Ford, while targeting 8% adjusted EBIT margins by 2029, Model e breakeven by 2029, refreshed 70% of its global portfolio of vehicles by volume next year, and 20 gigawatt hours of Ford Energy capacity online by the end of next year.
- Q3 Adjusted EBIT and Full-Year Guidance RaisedFord generated $2.7 billion in adjusted EBIT in the third quarter and raised the low end of its previous full-year adjusted EBIT guidance, now expecting between $10.5 billion and $11 billion.
- Strong Free Cash Flow and LiquidityFord generated $4.7 billion in company adjusted free cash flow in Q3 and ended the quarter with $25.3 billion in cash and $46.4 billion in total liquidity. The company announced a fourth-quarter regular dividend of $0.15 per share.
- Truck, Van and Utility Franchise StrengthF-Series captured the highest retail share among all full-size truck brands and is on pace for its 50th straight year as America's best-selling truck. Maverick remained America's best-selling hybrid pickup, Ranger led in multiple international markets, Transit remained the best-selling van in the U.S., and Ford led the U.S. three-row SUV segment with Expedition and Explorer.
- Certified Preowned Leadership and Customer LoyaltyFord Blue Oval Advantage made Ford the #1 certified preowned brand in the U.S. Ford said customers from this program are 50% more likely than typical used-car buyers to purchase a new Ford.
- Quality and Warranty Cost ImprovementsFord topped J.D. Power's 2026 Initial Quality Study. Excluding Novelis and tariffs, the company reduced warranty and material costs by $1.5 billion in 2025 and is on track to reduce another $1 billion in 2026.
- Oakville Super Duty Ramp Ahead of PlanThe Super Duty production ramp in Oakville, Ontario was exceeding planned daily volume and jobs-per-hour rates. Ford reached OK-to-Buy, began shipping trucks to dealerships, and said the quality was fully competitive with its existing Super Duty plant, which is ranked #1 in J.D. Power.
- Expanded Vehicle Testing and Industrial DisciplineFor the next-generation F-150, Ford increased powertrain durability testing fivefold, doubled endurance and strength testing, and increased full-vehicle test mileage by nearly 60% to almost 4 million miles. Prototype builds are beginning in the first quarter of 2027.
- Affordable International Pickup OpportunityFord plans to launch an affordable midsize pickup for international markets next year. Its base material costs are expected to be 20% lower than today's Ranger, allowing Ford to compete at a lower price point, including against Chinese competitors.
- Fathom EV Launch Remains on TrackThe Fathom launch remains on track for the fourth quarter of next year. Ford described the vehicle as highly capable, innovative and affordable, with an MSRP under $30,000, a starting MSRP of $28,350, a 48-volt low-voltage system, advanced driver assistance, hands-free driving and bidirectional charging.
- Fathom Validation and Production Preparation ProgressFord said 90% of Fathom validation testing had been completed, the first production-line vehicles had been built at Louisville Assembly, and 5,000 unicastings had been produced to prove production capability at rate.
- Record Auto Adjacency Revenue and Retention BenefitsSoftware services and parts each achieved record third-quarter revenue at highly accretive margins. Together, these businesses contributed approximately 10% of quarterly revenue at accretive gross margins. Customers combining a software subscription with regular service had retention approximately 9 points higher, especially for parts.
- Ford Pro Digital Fleet and Leasing ExpansionFord Pro and Ford Credit launched Ford Pro Leasing in the third quarter. Ford expects its Pro digital fleet management portfolio to exceed 100,000 units by year-end, including many non-Ford vehicles.
- Ford Energy Capacity and Customer CommitmentsFord met every operating milestone so far at its Kentucky battery plant, completed trial runs of electrode mixing for prismatic LFP cells, and remains on track to bring 20 gigawatt hours of annual capacity online by the end of next year. Executed contracts and late-stage negotiations account for more than 80% of Ford Energy's 2028 capacity, and Ford expects that capacity to be fully committed by the first quarter of next year.
- Ford Blue Product Mix and Pricing StrengthHigher-margin off-road passion products represented about one-quarter of U.S. sales in Q3, up almost 4 points from a year ago. Explorer Tremor and Platinum series sales increased nearly 60% year-to-date, while F-Series achieved its highest share of revenue and lowest incentive spend in the third quarter. Ford also expects full-year U.S. industry pricing to be about 100 basis points higher year-over-year.
- Ford Credit Earnings GrowthFord Credit delivered third-quarter earnings before taxes of $803 million, up $172 million, supported by favorable derivative performance, healthy financing margins and a supportive used-vehicle pricing environment.
- Model e Improvement and Long-Term Break-Even TargetModel e improved EBIT by 25% year-over-year in Q3 despite reporting an EBIT loss of $1.1 billion on revenue of $1.2 billion. Ford is on track to improve Gen 1 EBIT by approximately 40% year-over-year in 2026, while maintaining its target for Model e to reach breakeven by 2029.
- 2027 Portfolio Refresh and Continued InvestmentFord expects to refresh 70% of its global vehicle portfolio by volume by 2027, with the majority of investment allocated to North America. The company plans to expand its truck and utility lineup, grow Ford Pro's Transit and Ranger lineup, continue investing in the Universal EV platform, bring Ford Energy's 20 gigawatt hours of capacity online, and grow software services and parts.
- Chinese Partnership and Industrial System LearningsThrough its Geely partnership and UEV development, Ford said it is learning to achieve lower landed costs, faster product development and improved vehicle efficiency. Ford said its motors, gearboxes and inverters are about 30% more efficient than BYD's, and that these motor-efficiency learnings are being transferred into its hybrid systems.
IT:1F Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 04, 2027 | 2026 (Q4) | 0.32- | 0.12 | ― | ― |
| Oct 28, 2026 | 2026 (Q3) | 0.370.44 | 0.4 | 8.89% (+0.04) | |
| Jul 28, 2026 | 2026 (Q2) | 0.320.37 | 0.33 | 13.51% (+0.04) | |
| Apr 29, 2026 | 2026 (Q1) | 0.160.59 | 0.12 | 371.43% (+0.46) | |
| Feb 10, 2026 | 2025 (Q4) | 0.160.12 | 0.35 | -66.67% (-0.23) | |
| Oct 23, 2025 | 2025 (Q3) | 0.320.40 | 0.44 | -8.16% (-0.04) | |
| Jul 30, 2025 | 2025 (Q2) | 0.300.33 | 0.42 | -21.28% (-0.09) | |
| May 05, 2025 | 2025 (Q1) | -0.000.12 | 0.44 | -71.43% (-0.31) | |
| Feb 05, 2025 | 2024 (Q4) | 0.300.35 | 0.26 | 34.48% (+0.09) | |
| Oct 28, 2024 | 2024 (Q3) | 0.410.44 | 0.35 | 25.64% (+0.09) |
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.