Ford earnings Q2 2026: Wall Street expects lower revenue
Ford reports second-quarter results after Tuesday’s close, with analysts watching profit, guidance, warranty costs and F-Series output.
By Maya Lindqvist · Senior Technology Correspondent
3 min read
Ford earnings Q2 2026 are due after U.S. markets close Tuesday, giving investors a fresh read on demand, costs and pickup-truck production. Wall Street expects a year-over-year decline in automotive revenue and adjusted profit per share, according to average analyst estimates compiled by LSEG and reported by CNBC.
Analysts expect Ford Motor to post adjusted earnings of 35 cents a share and automotive revenue of $45.86 billion, according to LSEG. CNBC reported that those estimates would amount to a 2.3% drop in automotive revenue from the same quarter last year and a 2-cent decline in adjusted earnings per share.
Ford executives are scheduled to discuss the results on a conference call at 5 p.m. ET, CNBC reported. Investors will also be looking for any change to the automaker’s full-year 2026 outlook.
What are analysts expecting from Ford earnings Q2 2026?
The headline Wall Street numbers are 35 cents in adjusted earnings per share and $45.86 billion in automotive revenue, based on LSEG estimates cited by CNBC. Automotive revenue refers to sales from Ford’s vehicle business, excluding revenue from Ford Credit, the company’s financing arm.
Ford’s second quarter in 2025 included $46.94 billion in automotive revenue, $2.14 billion in adjusted earnings before interest and taxes, and a net loss of $36 million, CNBC reported. Total revenue for that quarter, including Ford Credit, was $50.18 billion.
Costs and truck production are in focus
Beyond the earnings figures, investors are watching Ford’s cost pressures, including warranty and commodity costs, according to CNBC. Warranty costs have been a recurring area of focus for the automaker, while commodity costs can affect margins across its vehicle lineup.
Ford’s F-Series production is another key issue. CNBC reported that output has been constrained since last year because of problems tied to an aluminum supplier.
Jefferies analyst Philippe Houchois recently raised his ratings on Ford and General Motors to buy from hold, CNBC reported. Houchois wrote that Ford appeared positioned to regain momentum, with the second quarter likely marking a low point for volume.
Houchois said production after the Novelis disruption was expected to return toward normal levels, according to CNBC. Novelis, which supplies aluminum for Ford’s F-150 line, restarted production last month at a New York plant after two fires had stopped activity, CNBC reported.
What guidance has Ford given for 2026?
Ford’s 2026 guidance, which the company raised in April with expected tariff refunds, calls for adjusted earnings before interest and taxes of $8.5 billion to $10.5 billion, according to CNBC. Adjusted EBIT is a measure of profit before interest and taxes, with certain items excluded.
The company also forecast adjusted free cash flow of $5 billion to $6 billion and capital spending of $9.5 billion to $10.5 billion, CNBC reported. Any update to those ranges could shape how investors assess Ford’s cost controls and production recovery for the rest of the year.
This story draws on original reporting from CNBC.