Ford Motor Company: Beat — EPS $0.49, Revenue $49.53B
Earnings BeatQ3 2026 · After-market
Did Ford Motor Company (F) beat earnings today?
Yes, Ford Motor Company (F) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+22.50% surprise
$0.49Actual
Expected: $0.40
vs. year ago +8.9%
Total Revenue+8.11% surprise
$49.53BActual
Expected: $45.81B
vs. year ago -2.0%
Released Oct 28 · 4:13 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $49.53B | $50.53B | -2.0 |
| Revenue detail — reported lines | |||
| └─Company excluding Ford Credit | $46.08B | $47.19B | -2.3 |
| └─Ford Credit | $3.44B | $3.35B | +2.8 |
| └─Ford Blue | $27.10B | $28.00B | -3.0 |
| └─Ford Model e | $1.20B | $1.80B | -31.0 |
| └─Ford Pro | $17.80B | $17.40B | +2.0 |
| Net Income | $2.05B | $2.45B | -16.3 |
| GAAP Basic EPS | $0.51 | $0.61 | -16.4 |
| GAAP Diluted EPS | $0.50 | $0.60 | -16.7 |
| Adjusted EPS | $0.49 | $0.45 | +8.9 |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY 2026 Outlook |
|---|---|---|
| Adjusted EBIT | — | $10.5B-$11B (prev. $10B-$11B) |
| Adjusted Free Cash Flow | — | $6B-$7B |
| Capital Expenditures | — | $9.5B-$10.5B |
| Ford Blue EBIT | — | ~$5.5B |
| Ford Pro EBIT | — | ~$7B |
| Ford Model e Losses | — | ~$4B |
| Ford Credit EBT | — | ~$2.8B |
Business Highlights
- ➤Launching the Universal Electric Vehicle platform, Ford Energy, and an all-new F-150.
- ➤Reported record growth in software services and parts.
- ➤Declared a $0.15-per-share fourth-quarter regular dividend, payable Dec. 1.
- ➤Ford Model e continued optimizing first-generation vehicles while investing in scalable EVs.
- ➤Ford Model e ramped Ford Energy alongside vehicles built on the new UEV platform.
- ➤Super Duty production began at the Oakville Assembly Complex.
- ➤Ford Credit benefited from healthy financing margins and supportive used-vehicle pricing.
- ➤Ford offers connected services including BlueCruise ADAS and security.
- ➤Ford operates three customer-centered segments: Ford Blue, Ford Model e, and Ford Pro.
- ➤Ford employs about 170,000 people worldwide.
Management Commentary
Jim Farley, Ford president and CEO
“Ford delivered a strong quarter as we’re entering a defining phase of the company’s transformation with the launch of our Universal Electric Vehicle platform, Ford Energy, an all-new F-150 and a new lineup of vehicles around the world over the next few years. In addition, our cost actions and record growth in software services and parts demonstrate how we’re growing beyond the vehicle sale and moving us toward an 8% adjusted EBIT margin by 2029.”
Sherry House, Ford CFO
“We are on track to deliver our full-year adjusted EBIT expectations, which include achieving our warranty and material cost reduction objectives and improving year-over-year profitability in Ford Model e. As we close the year and look ahead to 2027, we are intensely focused on driving efficiencies throughout our business – enabling us to better perform in the face of rising inflationary costs – and improving capital efficiency through smarter investments, higher utilization of existing assets and strategic partnerships.”