Ford Motor is scheduled to announce its second-quarter 2026 results after the market closes on Tuesday, with Wall Street analysts expecting adjusted earnings per share of 35 cents and automotive revenue of $45.86 billion, according to LSEG estimates [1]. These projections represent a 2.3% decline in automotive revenue and a 2 cent decrease in adjusted EPS compared to the same period last year [1]. In the second quarter of 2025, Ford reported $46.94 billion in automotive revenue, adjusted EBIT of $2.14 billion, and a net loss of $36 million, with total revenue, including Ford Credit, at $50.18 billion [1].
Investors are closely watching Ford's costs, particularly warranty and commodity expenses, as well as any updates on F-Series truck production, which has faced disruptions since last year due to issues with aluminum supplier Novelis [1]. Novelis recently restarted production at its New York facility, which supplies aluminum for Ford's F-150 trucks, after two fires had halted operations [1].
Ahead of the earnings release, Jefferies upgraded Ford and General Motors stocks to 'buy' from 'hold.' Analyst Philippe Houchois noted that Ford is poised to regain momentum, with the second quarter likely marking the lowest point for volume, and expects production to normalize following the Novelis restart [1]. Houchois also suggested that, given healthy US market conditions, Ford management could potentially raise guidance in the second quarter [1].
Ford's 2026 guidance, which was raised in April due to expected tariff refunds, includes adjusted EBIT of $8.5 billion to $10.5 billion, adjusted free cash flow between $5 billion and $6 billion, and capital expenditures of $9.5 billion to $10.5 billion [1].
CONCLUSION
Ford's upcoming Q2 2026 earnings report is drawing attention due to anticipated declines in revenue and EPS, but analyst upgrades and the resumption of F-Series production signal potential for recovery. Investors are watching for updates on costs and guidance, with the possibility of improved outlooks if market conditions remain favorable.