Ford Motor Co (NYSE:F) posted financial results for the second quarter after the market close on Tuesday. Here’s what you need to know from the print.
- Ford Motor shares are advancing steadily. What’s pushing F stock higher?
Ford Q2 Report Key Details
Ford reported second-quarter revenue of $44.89 billion, missing the consensus estimate of $45.81 billion, according to Benzinga Pro. Here’s a breakdown of revenue by segment.
- Ford Blue: $26.1 billion, up 1% year-over-year
- Model e: $1 billion, down 56% year-over-year
- Ford Pro: $17.8 billion, down 5% year-over-year
The Detroit-based automaker reported second-quarter adjusted earnings of 42 cents per share, beating estimates of 35 cents per share.
Ford generated $4.3 billion of cash flow from operations in the quarter and $2.1 billion of adjusted free cash flow. The company ended the quarter with $18.6 billion in cash and cash equivalents.
“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,” said Jim Farley, president and CEO of Ford.
“Our iconic trucks, off-roaders and hybrids are commanding real pricing power; our quality is now industry-leading in the U.S.; and profitable new adjacencies, such as Ford Energy, are opening fresh sources of growth.”
Ford expects full-year 2026 adjusted EBIT of $10 billion to $11 billion, up from prior guidance of $8.5 billion to $10.5 billion. The company anticipates full-year adjusted free cash flow of $6 billion to $7 billion, up from prior guidance of $5 billion to $6 billion.
Ford declared a regular dividend of 15 cents per share for the third quarter, payable on Sept. 1 to shareholders of record as of Aug. 11.
“We are not just executing to plan; we are building a company able to perform through a wide range of uncertainties, and that gives us confidence in the earnings power we’re creating,” said Sherry House, CFO of Ford.
Ford executives will further discuss the quarter on an earnings call scheduled for 5 p.m. ET.
F Shares Surge After Hours
F Price Action: Ford shares were up 6.28% in after-hours Tuesday, trading at $15.90 at the time of publication, according to Benzinga Pro.
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