Ford Motor

Ford Motor designs, builds and sells cars, trucks, SUVs and vans under the Ford and Lincoln brands. It reports three automotive segments. Ford Blue sells gasoline and hybrid vehicles to consumers, such as the F-Series pickups, Bronco, Explorer and Mustang. Ford Pro sells vehicles, software and services to commercial customers, such as the Transit van and Super Duty trucks.

Ford Model e makes electric vehicles and develops software and the new Universal EV platform. Ford Credit finances vehicles for customers and dealers. Revenue was $141.1 billion in the first nine months of 2026. The F-Series has been the best-selling truck in the United States for 49 years, and Ford expects it to reach 50 years in 2026.

The market prices Ford for low profit margins, large losses on electric vehicles and many outside shocks. Ford Model e expects a loss of about $4.0 billion in 2026, and Ford took a $3.6 billion charge in Q2 2026 to exit its battery joint venture with SK On. Fires at a Novelis aluminum plant cut truck production in late 2025 and early 2026, and tariffs and recall costs lowered profits in recent years. A supplier problem also stopped some F-150 production at the end of September 2026.

For the gap to close, three things must be true. Ford must reach its raised 2026 guidance of $10.5 billion to $11.0 billion of adjusted EBIT and $6.0 billion to $7.0 billion of adjusted free cash flow. Ford Pro must return to its usual margins, after its EBIT margin fell to 9.4% in Q3 2026 because of higher commodity costs and launch costs, and Ford Model e losses must continue to fall after the cancelled EV programs. Ford must also receive the tariff reimbursements it expects, including about $500 million in the second half of 2026.

The Q3 2026 report on October 28, 2026, raised the low end of the adjusted EBIT guidance. The Q4 2026 report and the 2027 guidance in early 2027 are the main test. If these checks pass, the gap can close over the next four to six quarters. The main reason it may not close is a new large cost from recalls, tariffs or supply problems, like the costs that cut Ford's earnings in 2025.

1. Oct 28, 2026 · est.Failed

   Q3 2026 results: Ford Pro recovery and guidanceFord keeps or raises its 2026 adjusted EBIT guidance of $10.0 billion to $11.0 billion and Ford Pro margins improve as aluminum supply recovers; a cut in guidance or a large new special charge fails.Outcome: Ford raised the low end of its adjusted EBIT guidance to $10.5 billion and had only $127 million of special items, but the Ford Pro EBIT margin fell to 9.4% from 11.4%, so the margin test failed.
2. Jan 28, 2027 · est.Pending

   2027 guidance: EBIT and Model e losses2027 guidance for adjusted EBIT at or above the 2026 level with smaller Model e losses passes; lower EBIT guidance or larger EV losses fail.

Every passed and failed checkpoint across all picks

• October 28, 2026Ford reported Q3 2026 results. Revenue fell 2% to $49.5 billion, and net income was $2.0 billion. Adjusted EBIT rose to $2.7 billion and adjusted free cash flow was $4.7 billion. Ford Model e lost $1.1 billion, 25% less than a year earlier, and the Ford Pro EBIT margin fell to 9.4% from 11.4%. Ford raised the low end of its 2026 adjusted EBIT guidance to $10.5 billion to $11.0 billion and kept its adjusted free cash flow guidance of $6.0 billion to $7.0 billion. It now expects Ford Blue EBIT of about $5.5 billion and Ford Pro EBIT of about $7 billion.
• October 2, 2026Ford reported Q3 2026 US sales. It estimated that its retail share rose about 0.4 percentage points to 12.1%, without the Escape and Corsair that it is phasing out. Super Duty production of 110,275 trucks was the best quarter in 19 years. Ford said that the cost of a short-term supplier problem that affected F-150 production at the end of September fits within its 2026 adjusted EBIT guidance.
• July 28, 2026Ford reported Q2 2026 results. Revenue fell 4% to $48.3 billion, and the net loss was $1.3 billion because of $4.2 billion of special charges, including $3.6 billion for the exit from the BlueOval SK joint venture. Adjusted EBIT rose to $2.5 billion and adjusted free cash flow was $2.1 billion. Ford raised its 2026 adjusted EBIT guidance to $10.0 billion to $11.0 billion and its adjusted free cash flow guidance to $6.0 billion to $7.0 billion.

Last earnings

October 28, 2026 (8-K on sec.gov)

Next earnings

Expected about January 28, 2027. The company has not confirmed the date.

• 10-QQuarterly report for the period ended Sep 30, 2026Filed October 29, 2026 · f-20260930
• 8-KEarnings releaseFiled October 28, 2026 · Press release and exhibits
• 8-KInvestor disclosure and Other company newsFiled October 2, 2026 · f-20261002
• 10-QQuarterly report for the period ended Jun 30, 2026Filed July 29, 2026 · f-20260630
• 8-KEarnings releaseFiled July 28, 2026 · Press release and exhibits
• 8-KOther company newsFiled July 2, 2026 · f-20260702
• 8-KNew material agreement and New debt or financial obligationFiled May 21, 2026 · f-20260520
• 8-KShareholder vote resultsFiled May 19, 2026 · f-20260514
• 10-QQuarterly report for the period ended Mar 31, 2026Filed April 30, 2026 · f-20260331
• 8-KEarnings releaseFiled April 29, 2026 · Press release and exhibits

Every filing on SEC EDGAR (CIK 37996)

• Recalls and warranty costs have often reduced Ford's earnings. A large new recall or field service action can cost hundreds of millions of dollars, such as the $571 million fuel injector action in Q2 2025.
• Ford Model e expects a loss of about $4.0 billion in 2026, which includes about $1 billion of investment in the Universal EV platform and Ford Energy. Its Q3 2026 revenue fell 31%, and its loss was $1.1 billion. If new electric vehicles do not sell well, the losses can last longer.
• Tariffs and trade rules change often. Ford expects about $3 billion of tariff reimbursements, but the timing is uncertain. New tariffs on parts or vehicles would raise costs.
• Ford depends on a few key suppliers. Fires at a Novelis aluminum plant in 2025 cut production, and a supplier problem affected F-150 production in September 2026.

Ford reports its automotive business (Company excluding Ford Credit) apart from Ford Credit, its finance company. At September 30, 2026, Company excluding Ford Credit had $23.7 billion of debt, about the same as $23.6 billion at June 30, 2026, and up from $21.9 billion at December 31, 2025, mainly because Ford assumed the $3.8 billion Department of Energy loan for a Kentucky battery plant in May 2026. Read more

Yield at the current rate

4.9% (current annual rate, at today’s price)

Dividend yield

4.9% (last 12 months, at today’s price of $12.25)

Paid per share

$0.60 in the last 12 months (4 payments)

Current annual rate

$0.60 ($0.15 × 4 a year)

Latest ex-dividend date

November 10, 2026, $0.15 per share

Dividends per share by year

From 2020 to 2025, the dividend grew by about 38.0% a year. From 2015 to 2025, the dividend grew by about 2.3% a year.

One-off payments far above the usual dividend are left out of these numbers.

Source: company filings and market data, read on November 13, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.