Ford Motor is preparing to announce its second-quarter results, with analysts predicting adjusted earnings per share of 35 cents and automotive revenue of $45.86 billion. This represents a 2.3% decrease in automotive revenue compared to the previous year and a 2 cent drop in adjusted earnings per share.
In the same quarter last year, Ford reported $46.94 billion in automotive revenue and a net loss of $36 million. Investors are keenly observing Ford's cost structure, particularly warranty and commodity costs, as well as any updates on F-Series truck production, which has faced disruptions due to issues with an aluminum supplier.
Jefferies has upgraded Ford and General Motors to 'buy' from 'hold,' with analyst Philippe Houchois suggesting that the second quarter may be a low point for Ford's volume, anticipating a normalization in production following the resumption of operations at Novelis, an aluminum supplier crucial for the F-150 truck line.
Ford's 2026 guidance, which was raised in April, includes expectations for adjusted EBIT between $8.5 billion and $10.5 billion and adjusted free cash flow of $5 billion to $6 billion, alongside capital expenditures of $9.5 billion to $10.5 billion