Ford reported third-quarter revenue of $49.5 billion and adjusted EPS of $0.49, significantly exceeding analyst expectations. The company demonstrated resilience in its commercial segment while narrowing losses in its electric vehicle division, leading management to raise the floor of its full-year profit guidance.
Key Highlights
- Ford Pro EBIT reached $1.7 billion, a 16% year-over-year decline attributed to higher commodity costs and temporary launch expenses for the new Super Duty.
- Ford Model e losses narrowed by 25% to $1.1 billion as the company optimized first-generation vehicle profitability and transitioned toward its new Universal Electric Vehicle platform.
- Management raised the lower end of full-year 2026 adjusted EBIT guidance to a range of $10.5 billion to $11 billion, supported by record growth in software services and parts.