Ford reports mixed third-quarter results, says 2027 earnings will be in line with this year — SkimNews
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- Ford posted adjusted third-quarter EPS of 49 cents versus 40 cents expected, but automotive revenue of $46.08 billion missed the $46.24 billion estimate; StreetAccount said Ford Blue, Ford Pro and Ford Model e all underperformed revenue expectations.
- Ford narrowed its 2026 adjusted EBIT guidance to $10.5 billion-$11 billion from $10 billion-$11 billion and maintained adjusted free cash flow guidance at $6 billion-$7 billion.
- Sherry House said Ford’s 2027 profitability should be roughly in line with 2026, citing offsetting production and commodity-cost factors; next year adds new-model and energy-business costs while warranty, material and structural savings continue.
- Ford set 2026 unit forecasts: $5.5 billion in pre-tax earnings for Ford Blue, about $7 billion in EBIT for Ford Pro, about $4 billion in EBIT losses for Ford Model e and about $2.8 billion in EBIT for Ford Credit.
- Ford said total revenue, including credit, fell roughly 2% year over year to $49.5 billion; net income declined $400 million to $2 billion, while adjusted EBIT edged up to $2.7 billion.
- Ford said 2027 F-Series Super Duty production in Canada will make up for lost F-150 output as F-150 factories retool for new models.
- Ford said a $1.3 billion first-quarter tariff refund was largely offset by additional alternative-aluminum sourcing costs it does not expect to have in 2027, leveling the year-over-year comparison.
Why it matters: Ford’s $10.5 billion-$11 billion 2026 EBIT target is paired with $5.5 billion in Ford Blue pre-tax earnings, roughly $7 billion in Ford Pro EBIT and about $4 billion in Model e losses; keeping 2027 profit flat requires savings to offset launches, energy-business investment and commodity costs.
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