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Ford Motor
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Latest analysis
Updated Jul 29, 2026
Ford posts $2.5B adjusted EBIT in Q2 2026 despite $4.2B special item charges from BOSK JV exit and EV program cancellations
Ford's Q2 2026 operating performance improved year-over-year — adjusted EBIT rose $363 million to $2.5 billion and adjusted EBIT margin expanded 90 basis points to 5.2% — but the company recorded $4.2 billion in pre-tax special item charges, primarily from the exit of the BlueOval SK battery JV and previously announced EV program cancellations, driving a GAAP net loss of $1.3 billion. The BOSK disposition and cancellation of three EV programs, including the F-150 Lightning, represent a structural pullback from Ford's prior electrification investment thesis, with total EV-related charges now expected to reach up to $2 billion pre-tax plus the $3.6 billion BOSK charge. Ford reaffirmed full-year 2026 adjusted EBIT guidance of $10.0 to $11.0 billion, but the path runs through Ford Pro's commercial strength and a $1.0 billion Novelis aluminum supply recovery, both subject to execution risk.
Tone: mixedRevenue
$187.3B
F 10-K · FY 2025
Employees
169,000
Revenue FY2024
$185B
Founded
1903
Profile
F 10-K Item 1 · Feb 11, 2026Ford Motor Company is a global automotive manufacturer that develops and sells Ford and Lincoln branded vehicles across internal combustion engine, hybrid, and electric powertrain options, organized into three customer-centered operating segments. The company also provides financial services through Ford Motor Credit Company LLC. Ford's Ford+ strategic plan targets higher growth, higher margins, and greater capital efficiency through a combination of iconic vehicles, software capabilities, and always-on customer relationships.
Read filing description ↓ Collapse description ↑
Ford Motor Company was incorporated in Delaware in 1919, tracing its origins to a Michigan company incorporated in 1903 to produce and sell automobiles designed and engineered by Henry Ford. The Company is a global enterprise headquartered in Dearborn, Michigan. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles, along with connected services, including BlueCruise (ADAS) and security. The Company offers freedom of choice through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough electric vehicles (EVs), including extended range electric vehicles (EREVs), along with embedded software that defines always-on digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Additionally, the Company provides financial services through Ford Motor Credit Company LLC. Ford's Ford+ plan for growth and value creation combines existing strengths, new capabilities, and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Substantially all vehicles, parts, and accessories are sold through distributors and dealers, the substantial majority of which are independently owned. In 2025, Ford sold approximately 4,395,000 vehicles at wholesale throughout the world.
Primary products
- Ford trucks
- Sport utility vehicles
- Commercial vans
- Cars
- Lincoln luxury vehicles
- BlueCruise (ADAS)
Business segments
End markets
Geographies
Named customers
We do not depend on any single customer or a few customers to the extent that the loss of such customers would have a material adverse effect on our business.
Named competitors
“The worldwide automotive industry consists of many producers, with no single dominant producer. Certain manufacturers, however, account for the major percentage of total sales within particular countries, especially their countries of origin.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total consolidated revenues increased modestly from $184,992 million in 2024 to $187,267 million in 2025, driven primarily by growth in Ford Credit and Ford Model e external revenues, partially offset by a slight decline in Ford Blue and Ford Pro external revenues.
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