Ford Q3 2026: EPS beat, revenue down 2.0%, guidance low end raised
Ford's Q3 2026 was a cash-flow and adjusted-profit beat wrapped around a smaller revenue base. Adjusted EPS of $0.49 beat the $0.4129 consensus estimate, and adjusted free cash flow rose to $4.667 billion, but revenue fell 2.0% and wholesales dropped 9%. Read the quarter as steady execution on costs and cash, offset by weaker volume and still-large Model e losses; the low-end guidance raise helps but does not settle the volume question.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $0.50, down from $0.60, and adjusted EPS was $0.49, up from $0.45. The $0.49 adjusted EPS beat the $0.4129 consensus estimate. Net income fell to $2.049 billion from $2.447 billion.
Revenue was $49.526 billion, down 2.0% from $50.534 billion a year earlier. The decline came with wholesale units down 9% to 1.049 million; Ford Pro revenue rose 2% while Ford Blue fell 3% and Model e fell 31%. Gross margin was 14.9%, up from 14.1% a year earlier, so the lower revenue did not come with a weaker gross margin.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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