Ford Motor reported third-quarter results that exceeded Wall Street earnings expectations but fell slightly short on revenue, the company announced. The Detroit automaker has been addressing production challenges related to its F-Series pickup trucks following supplier disruptions over the preceding months.
The company narrowed its 2026 guidance for adjusted earnings before interest and taxes to a range of $10.5 billion to $11 billion, compared with previous guidance of $10 billion to $11 billion. Ford maintained its adjusted free cash flow guidance for the year at between $6 billion and $7 billion. Chief Financial Officer Sherry House indicated that next year’s profitability is expected to be roughly equivalent to this year’s results, with multiple factors offsetting one another.
House noted that a $1.3 billion tariff refund received during the first quarter of this year would be largely counterbalanced by costs associated with alternative aluminum sourcing arrangements not expected to recur next year. The company also anticipates that increased production of F-Series Super Duty trucks in Canada during 2027 will compensate for expected production reductions at F-150 facilities undergoing retooling for new models.
The third-quarter revenue decline reflected underperformance across Ford’s three main business divisions—Blue traditional operations, Pro fleet services, and Model e electric vehicles—relative to Wall Street expectations. For the full year, Ford now projects pre-tax earnings of $5.5 billion for Ford Blue, approximately $7 billion in EBIT for Ford Pro, Model e losses of roughly $4 billion, and approximately $2.8 billion in EBIT for Ford Credit. Third-quarter overall revenue declined roughly 2% year-over-year to $49.5 billion, while net income decreased $400 million to $2 billion.
Article Attribution | Read More at Article Source
Article summary produced by Claude AI