The automaker now expects full-year adjusted EBIT of $10 billion to $11 billion, up from a prior range of $8.5 billion to $10.5 billion
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Ford $F disclosed second-quarter adjusted earnings of 42 cents per share on Tuesday, clearing the consensus Wall Street estimate of 35 cents per share, according to CNBC. The company also raised its full-year adjusted earnings before interest and taxes guidance to between $10 billion and $11 billion, up from the prior range of $8.5 billion to $10.5 billion.
Second-quarter revenue fell 4% from a year earlier to $48.3 billion, missing analyst expectations of $45.86 billion for the automotive segment. Adjusted EBIT for the quarter came in at $2.5 billion, up $400 million from the same period a year ago, at an adjusted EBIT margin of 5.2%. Ford additionally lifted its full-year adjusted free cash flow target to a range of $6 billion to $7 billion, compared with the previous $5 billion to $6 billion range, the company said.
Ford's net loss of $1.3 billion in the quarter compared unfavorably with the $36 million net loss it recorded in the second quarter of 2025. Driving that loss were $4.2 billion in special charges, among them a $3.6 billion largely non-cash write-down connected to the unwinding of the BlueOval SK battery plant partnership with SK On, along with $500 million stemming from EV program cancellations announced in December 2025, the company said.
Among Ford's three automotive segments, Ford Blue — which covers gasoline and hybrid vehicles — posted EBIT of $1.1 billion, up $474 million from a year earlier, on revenue of $26.1 billion. Ford Pro, the commercial vehicle business, generated EBIT of $1.7 billion on $17.8 billion in revenue, down $600 million year over year as it continued to recover from aluminum supply constraints related to fires at a Novelis supplier facility. Ford Model e, the electric vehicle segment, recorded an EBIT loss of $919 million, an improvement of $410 million compared with the same quarter in 2025.
Embedded in the revised full-year outlook is an earlier-than-anticipated recovery of roughly $500 million from a $1.3 billion tariff reimbursement that had been booked in the first quarter. CFO Sherry House said the remaining $800 million would come in 2027, according to Yahoo Finance. House also said Ford's net tariff cost for the year would be better than $1 billion.
Ford declared a third-quarter regular dividend of 15 cents per share, payable September 1 to shareholders of record on August 11, the company said. Ford stock rose nearly 7% in after-hours trading Tuesday.
Ford's results follow a quarter shaped in part by challenges covered in prior reporting. As reported earlier this month, second-quarter U.S. vehicle sales fell 10% from a year earlier, with F-Series truck volumes hit by fires at the Novelis aluminum facility that limited materials needed for production. Ford said Tuesday it anticipates clawing back roughly $2.5 billion of the vehicle volume erased by the fires — the bottom of a previously stated range extending to $3 billion — and that the overall Novelis-related swing would amount to a net EBIT tailwind of around $1 billion concentrated in the back half of the year.
"We delivered another strong quarter and raised our full-year guidance, but the more important story is the growing evidence that Ford is becoming a more profitable, more disciplined and genuinely different company," Ford CEO Jim Farley said in a statement.
Ford's guidance raise follows a similar move by rival General Motors $GM, which raised its full-year adjusted EBIT forecast last week to between $14 billion and $16 billion after beating second-quarter expectations.
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