The guidance raise and strong adjusted FCF suggest Ford's cost actions and Ford Pro profitability are on track. Monitor Q4 for execution on Model e loss reduction and the impact of commodity headwinds and Middle East conflict on full-year results.
Price Chart
Executive Summary
Ford reported Q3 2026 revenue of $49.5B (above $45.81B consensus) and GAAP diluted EPS of $0.50 (above $0.40 consensus). Adjusted EBIT was $2.7B, up slightly YoY, and the company raised the low end of its full-year adjusted EBIT guidance to $10.5B-$11B from $10B-$11B. Revenue declined 2% YoY, and GAAP net income fell to $2B from $2.4B, but the guidance raise and strong cash flow ($4.7B adjusted FCF) signal improving operational trajectory.
Key Financial Metrics
Key Facts
- Q3 2026 revenue $49.5B, down 2% YoY from $50.5B
- GAAP diluted EPS $0.50 vs $0.60 YoY; adjusted EPS $0.49 vs $0.45 YoY
- Adjusted EBIT $2.7B vs $2.6B YoY, margin 5.4% vs 5.1%
- Operating cash flow $5.4B; adjusted free cash flow $4.7B
- Full-year 2026 adjusted EBIT guidance raised to $10.5B-$11B (from $10B-$11B)
- Ford Blue EBIT $1.4B, down 10% YoY; Ford Model e loss $1.1B, improved 25%; Ford Pro EBIT $1.7B, down 16%
- Ford Credit EBT $803M, up 27% YoY
- Quarterly dividend of $0.15 per share declared
Financial Impact
Revenue beat consensus by ~$3.7B; EPS beat by $0.10; guidance raise implies ~$0.5B incremental EBIT at midpoint
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Ford Blue | $27.1B | -3.0% |
| Ford Model e | $1.2B | -31.0% |
| Ford Pro | $17.8B | +2.0% |
Risk Factors
- Revenue declined 2% YoY; wholesale units down 9%
- Ford Pro EBIT down 16% on higher commodities and launch costs
- Ford Model e EBIT margin worsened to -86.5% from -79.1%
- Commodity headwinds approaching $2.5B year-over-year
- Guidance excludes potential escalation of Middle East conflict or U.S. economic downturn
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000037996-26-000190 |
| Document: f-20261028.htm | 0000037996-26-000190 |
| Document: 0000037996-26-000190-index-headers.html | 0000037996-26-000190 |
| Document: 0000037996-26-000190-index.html | 0000037996-26-000190 |
| Document: 0000037996-26-000190.txt | 0000037996-26-000190 |
| 8-K Data (Synthetic) | 0000037996-26-000190 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 2d ago | 8-K | $12.08 | awaiting T+20 | awaiting T+20 | $12.25 (+1.43%) |
Oct 28, 2026 2d ago | Court Ruling | $11.75 | awaiting T+20 | awaiting T+20 | $12.25 (+4.26%) |
Oct 23, 2026 7d ago | Institutional Cluster | $11.60 | awaiting T+20 | awaiting T+20 | $12.25 (+5.60%) |
Oct 23, 2026 7d ago | Court Ruling | $11.58 | awaiting T+20 | awaiting T+20 | $12.25 (+5.79%) |
Oct 15, 2026 15d ago | Court Ruling | $12.43 | awaiting T+20 | awaiting T+20 | $12.25 (−1.45%) |
Oct 9, 2026 21d ago | Court Ruling | $12.00 | awaiting T+20 | awaiting T+20 | $12.25 (+2.08%) |
Oct 2, 2026 28d ago | 8-K | $12.10 | awaiting T+20 | awaiting T+20 | $12.25 (+1.24%) |
Sep 17, 2026 6w ago | Court Ruling | $13.21 $12.43 | ▼ −5.90% | ▼ −6.11% | $12.25 (−7.27%) |
Sep 15, 2026 6w ago | Court Ruling | $13.35 $12.05 | ▼ −9.74% | ▼ −11.80% | $12.25 (−8.24%) |
Sep 10, 2026 7w ago | Court Ruling | $13.97 $12.17 | ▼ −12.88% | ▼ −14.75% | $12.25 (−12.31%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers