Ford (NYSE: F) Stock Rises 2% After Q2 Revenue Hits $44.9B, EPS Beats at $0.42

Ford shares rose nearly 2% in regular trading Tuesday, July 28, 2026, ahead of its earnings release. The automaker reported adjusted EPS of $0.42, beating the $0.35 analyst estimate by 21%. Automotive revenue reached $44.89 billion for the quarter. Ford also raised its full-year 2026 profit outlook for the second time this year.

Ford Beats On Profit Despite Revenue Miss

Ford’s second-quarter adjusted EPS of $0.42 topped Wall Street’s forecast comfortably. Automotive revenue came in at $44.89 billion, falling short of the $45.86 billion analysts expected. Total company revenue, including Ford Credit, reached $48.3 billion, down 4% year-over-year.

Ford’s Q2 numbers may matter less than its guidance.

Ford reports after Tuesday’s close, with Wall Street expecting $44.72B in automotive revenue and $0.36 in adjusted EPS. Investors want to know whether it can keep its $8.5B-$10.5B profit outlook.https://t.co/MoLor5sNmh

— StocksToTrade (@StocksToTrade) July 28, 2026

• Adjusted EBIT climbed 17% year-over-year to $2.5 billion, beating estimates of $2.10 billion.
• Adjusted free cash flow came in at $2.1 billion for the quarter.
• Sales volumes fell 12.3% year-over-year amid the ongoing aluminum supply disruption.

Ford shares (NYSE: F) gained 1.87% in the regular session to $14.96 ahead of the release. They then surged another 4.98% in after-hours trading to $15.71, roughly 7% above the prior close.

GAAP Loss Reflects EV Restructuring Charges

Ford reported a GAAP net loss of $1.3 billion for the quarter, steeper than last year’s $36 million loss. This stemmed from $4.2 billion in one-time charges tied to the company’s EV pullback. A $3.6 billion BlueOval SK battery joint venture restructuring drove most of that charge.

• An additional $500 million write-down came from canceled EV program investments.
• Ford Model e revenue reached $1.0 billion, with an EBIT loss of $919 million.
• That represents a 31% year-over-year improvement, the segment’s third straight quarter of gains.

CEO Jim Farley said the results show growing evidence Ford is becoming more disciplined and profitable. Management continues narrowing EV losses while reallocating capital toward its stronger gas and hybrid business lines.

Ford Blue And Ford Pro Drive The Beat

Ford Blue, the gasoline and hybrid segment, generated $26.1 billion in revenue this quarter. That marked roughly 1% year-over-year growth despite an 8% decline in wholesale volumes. Segment EBIT jumped to $1.1 billion from $661 million a year earlier.

• Off-road trims like the Bronco, Tremor, and Raptor now make up a quarter of US sales.
• The Maverick Hybrid posted record sales during the first half of 2026.
• Ford Pro, the commercial vehicle unit, generated $17.8 billion in revenue and $1.7 billion in EBIT.

Ford Pro Intelligence software subscriptions grew 20% year-over-year to roughly 900,000 users. This growing software attach rate is becoming an increasingly important profit contributor within the commercial segment.

$F | FORD Q2 26 EARNINGS:
• REVENUE: $42.0B (EST $42.0B)
• ADJ EPS: 42C (EST 36C)
• ADJUSTED EBIT: $1.72B, -26% Y/Y (EST $1.31B)
• SEES FY ADJ EBIT: $10.0B TO $11.0B

— MarketNewsFeed (@MarketNews_Feed) July 28, 2026

Novelis Disruption Remains A Headwind

Ford continues managing fallout from the Novelis aluminum plant disruption in New York this year. The company absorbed roughly $800 million in related costs through the first half of 2026. Full-year impact is now expected near $1.5 billion, an improvement from earlier estimates.

• The hot-mill restart at the affected facility remains on track.
• Ford has secured contingency aluminum material to limit further production impact.
• Recovery from this disruption is expected to add roughly $1 billion in EBIT during the second half.

This recovery timeline is central to Ford’s confidence in its raised full-year guidance. Management expects the worst of the supply disruption’s impact to be behind the company by year-end.

Full-Year Guidance Raised For Second Time In 2026

Ford raised its full-year 2026 adjusted EBIT guidance to a range of $10 billion to $11 billion. This marks the second guidance increase this year, reflecting stronger core business performance. The company also narrowed its fleet business earnings range to $7 billion to $7.5 billion.

• Ford also expects slightly better results from its Ford Credit financial arm this year.
• Model e losses for the full year are now expected near $4 billion.
• That compares favorably to the previous guidance range of $4 billion to $4.5 billion.

General Motors posted similarly resilient results the previous week, reporting $48 billion in quarterly revenue. Both Detroit automakers are now signaling that their paused EV expansion costs are largely being absorbed.

Final Thoughts

Ford’s second-quarter results confirm a genuine shift toward disciplined, mix-driven profitability across its core gas and hybrid business. The EPS beat, EBIT growth, and raised full-year guidance outweighed the modest revenue miss for investors. 

Ford’s first-place ranking in J.D. Power’s 2026 Initial Quality Study, its best result in 16 years, adds further credibility to this turnaround story. With Novelis recovery underway and EV losses narrowing, Ford looks positioned for continued margin improvement into year-end.

Disclaimer:

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