Ford Motor to report earnings after the bell, with Wall Street expectations in focus

• Analysts expect adjusted earnings per share to decline 2 cents year-over-year, with automotive revenue falling to $45.86 billion from $46.94 billion in Q2 2025
• Ford's F-Series truck production has been disrupted due to issues with aluminum supplier Novelis, which experienced two fires at a New York facility last month that halted operations
• Jefferies upgraded Ford stock to 'buy' from 'hold', viewing Q2 as a low point for volume with production expected to normalize and potential for raised guidance given healthy U.S. market conditions

Ford Motor Q2 2025 Earnings Preview

Key Expectations:

Ford Motor is scheduled to report second-quarter results after market close Tuesday, with an earnings conference call at 5 p.m. ET. Wall Street analysts project automotive revenue of $45.86 billion, representing a 2.3% year-over-year decline from Q2 2025's $46.94 billion.

Prior Year Comparison:

In Q2 2025, Ford reported $46.94 billion in automotive revenue, adjusted EBIT of $2.14 billion, a net loss of $36 million, and total revenue (including Ford Credit) of $50.18 billion. Analysts expect adjusted earnings per share to decline by 2 cents year-over-year.

Critical Focus Areas:

Investors are closely monitoring several factors:

• Warranty and commodity cost trends
• F-Series truck production updates following disruptions from aluminum supplier Novelis, which experienced fires at its New York facility last month that halted operations
• Potential changes to 2026 guidance

Market Outlook:

Analysts show increasing optimism, with recent upgrades from Jefferies moving Ford and GM stocks from "hold" to "buy." Analyst Philippe Houchois views Q2 as a "low point" for volume, expecting production to normalize following the Novelis plant restart. With healthy U.S. market conditions, management may raise guidance during the earnings call.

2026 Guidance:

Ford's current outlook, adjusted for expected tariff refunds, includes:

• Adjusted EBIT: $8.5-$10.5 billion
• Adjusted free cash flow: $5-$6 billion
• Capital expenditures: $9.5-$10.5 billion

The results will provide insight into whether Ford can build momentum after anticipated second-quarter challenges.