Click to enlarge.
Ford Motor Company (NYSE: F) today reported Q1 revenue of $43.3 billion with a net income of $2.5 billion. The Net income of $2.5 billion and adjusted EBIT of $3.5 billion reflect a $1.3 billion one-time IEEPA tariff benefit, and what was claimed as a strong product mix and net pricing, with growth in software and physical services. [Much of the improvement can be attributed to Ford’s robust truck businesses – AutoCrat]*
“Our strong first-quarter results and raised full-year guidance reflect the momentum of the Ford+ plan,” said Ford President and CEO Jim Farley. “We built the foundation for a more modern, resilient Ford, improving cost and quality and building our world-class team. We are well- prepared to deliver for our customers and shareholders as we enter one of the most intensive product, software and physical services rollouts in our history.”
Ford Motor First-Quarter 2026 Financial Results Summary
- First-quarter revenue of $43.3 billion; net income of $2.5 billion; adjusted EBIT of $3.5 billion; operating cash flow was $1.3 billion; adjusted free cash flow was a use of $1.9 billion.
- Net income of $2.5 billion and adjusted EBIT of $3.5 billion reflect a $1.3 billion one-time IEEPA tariff benefit, strong product mix and net pricing, and growth in software and physical services.
- Ford Motor declared a second-quarter regular dividend of 15 cents per share on 28 April 2026.
- Ford Motor raised full-year adjusted EBIT guidance to $8.5 billion to $10.5 billion (from $8.0 billion to $10.0 billion).
Full-Year 2026 Outlook
- For the full-year, the company raised its adjusted EBIT guidance to $8.5 billion to $10.5 billion, up from $8.0 billion to $10.0 billion. The company also expects adjusted free cash flow of $5.0 billion to $6.0 billion and capital expenditures of $9.5 billion to $10.5 billion, which reflects its shift toward higher-return growth opportunities, including $1.5 billion for Ford Energy. Guidance does not include potential impacts of a sustained conflict in the Middle East or a significant downturn in the U.S. economy.
- Full-year segment outlooks include Ford Pro EBIT of $6.5 billion to $7.5 billion, Ford Blue EBIT of $4.5 billion to $5.0 billion (raised from $4.0 billion to $4.5 billion), Model e losses of $4.0 billion to $4.5 billion, and Ford Credit EBT of about $2.5 billion. The company continues to assume a U.S. SAAR of 16.0 million to 16.5 million and flat industry pricing.
- EBIT outlook assumptions include a favorable one-time $1.3 billion IEEPA tariff benefit; net $1 billion improvement from the Novelis recovery; commodity headwinds of about $2 billion, $1 billion higher than the previous estimate, led by aluminum (excluding Novelis-related aluminum costs); tariff impacts of about $1 billion (excluding IEEPA benefit and Novelis temporary costs); on track for $1 billion in material and warranty cost reductions; and about $1 billion of incremental investment in Model e to support the ramp of the Universal EV platform and Ford Energy.
- Ford’s annual meeting will take place online at 8:30 a.m. ET on Thursday, May 14.
“The path to higher margins is clear, and the first-quarter demonstrates those building blocks in action,” said Sherry House, the estimable Ford CFO. “The strength in the quarter reflects strong execution in our profit pillars, and we remain on track to deliver our full-year cost reductions. When combined with accretive recurring revenue from software and physical services and decisive actions to improve our EV performance, we are driving a fundamentally more profitable business, allocating capital with extreme discipline, protecting our balance sheet, and positioning Ford to deliver consistently higher returns.” House also said that the company is on track to recover profits from the Novelis aluminum shortage in the second-half of the year.
*AutoInformed on
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Ford Motor Posts Q1 2026 Operating Net of $2.5B
Click to enlarge.
Ford Motor Company (NYSE: F) today reported Q1 revenue of $43.3 billion with a net income of $2.5 billion. The Net income of $2.5 billion and adjusted EBIT of $3.5 billion reflect a $1.3 billion one-time IEEPA tariff benefit, and what was claimed as a strong product mix and net pricing, with growth in software and physical services. [Much of the improvement can be attributed to Ford’s robust truck businesses – AutoCrat]*
“Our strong first-quarter results and raised full-year guidance reflect the momentum of the Ford+ plan,” said Ford President and CEO Jim Farley. “We built the foundation for a more modern, resilient Ford, improving cost and quality and building our world-class team. We are well- prepared to deliver for our customers and shareholders as we enter one of the most intensive product, software and physical services rollouts in our history.”
Ford Motor First-Quarter 2026 Financial Results Summary
Full-Year 2026 Outlook
“The path to higher margins is clear, and the first-quarter demonstrates those building blocks in action,” said Sherry House, the estimable Ford CFO. “The strength in the quarter reflects strong execution in our profit pillars, and we remain on track to deliver our full-year cost reductions. When combined with accretive recurring revenue from software and physical services and decisive actions to improve our EV performance, we are driving a fundamentally more profitable business, allocating capital with extreme discipline, protecting our balance sheet, and positioning Ford to deliver consistently higher returns.” House also said that the company is on track to recover profits from the Novelis aluminum shortage in the second-half of the year.
*AutoInformed on
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.