Ford Motor has raised the lower end of its full-year adjusted earnings before interest and taxes (EBIT) guidance, even as third-quarter 2026 revenue and net income fell.
The carmaker’s new adjusted EBIT guidance is $10.5bn to $11bn, up from $10bn to $11bn previously.
Ford CFO Sherry House said: “We are on track to deliver our full-year adjusted EBIT expectations, which include achieving our warranty and material cost reduction objectives and improving year-over-year profitability in Ford Model e.
“As we close the year and look ahead to 2027, we are intensely focused on driving efficiencies throughout our business – enabling us to better perform in the face of rising inflationary costs – and improving capital efficiency through smarter investments, higher utilisation of existing assets and strategic partnerships.”
Quarterly revenue declined 2% year-on-year to $49.52bn and net income fell about 16.2% to $2.04bn.
Operating income (EBIT) dropped approximately 6.6% to $1.45bn on wholesale volumes of 1.049 million units, down 9%.
Diluted earnings per share decreased from $0.60 to $0.50, but adjusted diluted EPS rose from $0.45 to $0.49.
Ford Blue – the internal combustion business unit – EBIT fell to $1.39bn from $1.54bn on revenue of $27.1bn, down from $28bn, hit by product discontinuations, regional Middle East conflict impacts, and commodity costs, partly offset by a favourable product mix.
Ford Model e – electric vehicles development division – reduced its EBIT loss to $1.05bn from $1.410bn, while revenue fell 31% to $1.2bn on 34,000 wholesale units.
Ford Pro – the commercial vehicle and fleet services division – EBIT dropped to $1.66bn from $1.98bn despite revenue rising 2% to $17.8bn, affected by commodity expenses and Oakville Super Duty launch costs.
Retail market share excluding planned discontinuations of the Escape and Corsair grew by approximately 0.4 percentage points to 12.1%.
Total vehicle sales fell 6.6% to 509,764.
Super Duty truck production reached a 19-year quarterly high of 110,275 units, while total F-Series output rose 4.5% to 266,777 units.
For the first nine months of 2026, Ford reported total revenue of $141.07bn, broadly flat year on year.
Operating income rose to $4.42bn from $2.38bn, while net income increased to $3.27bn from $2.89bn.
Ford president and CEO Jim Farley said: “Ford delivered a strong quarter as we’re entering a defining phase of the company’s transformation with the launch of our Universal Electric Vehicle platform, Ford Energy, an all-new F-150 and a new lineup of vehicles around the world over the next few years.”
