Ford posts largest quarterly decline, projects 2026 rebound
Ford misses Q4 earnings on tariff and supplier costs but forecasts stronger EBIT and cash flow in 2026 as core units drive gains.
www.cbtnews.comHere is a concise rundown of the latest Ford Motor Company news as of April 2026.[1]
Earnings and financial outlook
- Ford’s most recent reported quarter (Q4 2025) missed profit expectations, with adjusted EPS of 0.13 dollars and adjusted EBIT of about 1.0 billion dollars versus 1.2 billion dollars expected.[1]
- Full‑year 2025 adjusted EBIT was 6.8 billion dollars, with adjusted free cash flow of 3.5 billion dollars and operating cash flow of 21.3 billion dollars.[1]
- For 2026, Ford is guiding to adjusted EBIT of 8–10 billion dollars and adjusted free cash flow of 5–6 billion dollars, implying a planned rebound in profitability.[2][1]
- Higher tariff and supplier‑related costs weighed on the recent quarter, but management and several analysts describe the 2026 outlook as clearing expectations and pointing to margin improvement.[3][1]
Upcoming Q1 2026 results
- Ford has scheduled release of its Q1 2026 financial results (Ford Motor Company and Ford Credit) for Wednesday, April 29, 2026, at 4:05 p.m. ET.[4][5]
- CEO Jim Farley and CFO Sherry House will host a conference call at 5:00 p.m. ET the same day to discuss results and progress on the Ford+ plan.[5]
Strategy shift: EVs, hybrids, and Ford+
- Ford is reallocating capital toward more profitable areas: Ford Pro (commercial vehicles), trucks and vans, hybrids, and a new battery energy storage business.[6]
- The company is scaling back some EV investments, including halting F‑150 Lightning production and canceling several EV models, while pushing harder into hybrids and more affordable EVs.[2][6]
- A new flexible “Universal EV Platform” is planned to underpin smaller, lower‑cost EVs, aiming to make the EV business break even by around 2029.[6][2]
- Management frames this as a customer‑driven shift to improve resilience and profitability rather than chasing EV volume at any cost.[6]
Market and analyst view
- Analysts note that Ford’s 2026 guidance makes the company’s revenue and EV transition path look somewhat more predictable, though execution risks remain.[7]
- One valuation update kept fair value near 13.76 dollars per share while slightly lowering the discount rate and nudging long‑term revenue expectations modestly higher (less negative).[7]
- Some firms, such as TD Cowen, have raised price targets (for example, to 15 dollars from 13 dollars) but still maintain cautious ratings, citing conservative but credible 2026 guidance.[7]
If you tell me whether you’re more interested in the stock, the EV strategy, or Ford’s truck/commercial business, I can drill down into that piece in more detail.