Ford Motor Company reported its first-quarter 2026 adjusted earnings per share at 66 cents, surpassing the Zacks Consensus Estimate of 20 cents by 232.3%. This marks an increase from 14 cents per share in the same quarter last year. Total automotive revenues reached $39.82 billion, up 6.4% year-over-year and above the consensus estimate of $39.34 billion.
Ford generated adjusted EBIT of $3.5 billion, with an EBIT margin of 8.1%, significantly improved due to strong vehicle sales and higher software revenues. A notable $1.3 billion one-time tariff benefit also contributed to these results. Despite facing aluminum supply constraints, Ford Blue segment revenues increased 14% to $23.9 billion. For 2026, Ford raised its adjusted EBIT guidance to between $8.5 billion and $10.5 billion, reiterating an expected adjusted free cash flow of $5-$6 billion.
Ford’s liquidity stood at $43.1 billion at the end of the quarter, with total cash and equivalents of $17.65 billion. Long-term debt, excluding Ford Credit, totaled $16.33 billion as of March 31, 2026.
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