Ford Lifts Full-Year Outlook on Strong Q2, Adjusted EBIT Reaches $2.5B
F sits 40% above its 52-week low of $10.68.
Summary
Ford posted Q2 2026 adjusted EBIT of $2.5 billion and raised its full-year adjusted EBIT guidance to $10–$11 billion, fueled by strength in Ford Blue and Ford Pro. The net loss of $1.3 billion included a non-cash BOSK charge.
Key Events · Earnings and Guidance · F
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Q2 Adjusted EBIT Rises to $2.5B
Adjusted EBIT climbed $0.4 billion year-over-year to $2.5 billion, with the adjusted EBIT margin expanding to 5.2% from 4.3%. Revenue came in at $48.3 billion, down 4% on lower wholesale volumes.
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Full-Year Guidance Raised
Full-year 2026 adjusted EBIT guidance was raised to $10–$11 billion (from $8.5–$10.5 billion), and adjusted free cash flow guidance to $6–$7 billion (from $5–$6 billion), reflecting strong first-half execution and confidence in the second half.
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Net Loss Driven by Non-Cash BOSK Charge
The $1.3 billion net loss included a $3.6 billion largely non-cash special item charge related to the previously announced disposition of the BlueOval SK joint venture, masking underlying operational strength.
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Ford Blue and Ford Pro Drive Profitability
Ford Blue EBIT rose to $1.1 billion (up $0.5 billion YoY) on 1% higher revenue, while Ford Pro generated $1.7 billion in EBIT at a 9.7% margin, though down $0.6 billion YoY due to aluminum supply constraints.
Analysis · F · Manufacturing
A solid second quarter saw Ford deliver adjusted EBIT of $2.5 billion, a $0.4 billion improvement year-over-year, prompting management to raise full-year adjusted EBIT guidance to $10–$11 billion. The reported net loss of $1.3 billion stems entirely from a $3.6 billion non-cash charge related to the previously announced BOSK joint venture disposition, not from operational weakness. Operating cash flow remained robust at $4.3 billion, and the company declared its regular quarterly dividend. The guidance increase underscores management's confidence in the underlying business—particularly Ford Blue and Ford Pro—even as Model e losses persist. For a company that posted an $8.2 billion net loss in 2025, this represents a material positive update.
At the time of this filing, F was trading at $14.97 on NYSE in the Manufacturing sector, with a market capitalization of approximately $59.6B. The 52-week trading range was $10.68 to $17.78. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.