Ford Q2 Print Ahead; Wall Street Eyes $2.1B Profit
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Ford is set to report Q2 results Tuesday, with Wall Street modeling operating profit of $2.1 billion on $47.2 billion in sales—matching the prior year's operating profit on lower revenue.
- Ford lifted its 2026 full-year operating profit guidance in April to $8.5–$10.5 billion, up from a prior range of $8–$10 billion; a fresh guidance update is expected alongside the Q2 print.
- Ford's 2025 operating profit fell to $6.8 billion from $10.2 billion in 2024, with management citing roughly $2 billion in tariff costs and another $2 billion from a fire at aluminum supplier Novelis.
- Ford's EV segment lost about $800 million in Q1 2026 and about $4.8 billion across 2025; the company is working on a universal EV (UEV) platform with sales targeted for around 2027.
- RBC analyst Tom Narayan warned the U.S. decision not to renew the USMCA trade pact could weigh on Ford shares in the second half of 2026.
- General Motors raised its full-year financial forecasts the prior week on its Q2 report, signaling broader auto-sector optimism heading into Ford's print.
- Ford stock entered Tuesday up about 12% year-to-date and rose 0.9% in early trading to $14.82, while the S&P 500 slipped 0.2% and the Dow gained 0.7%.
Why it matters: Ford shares have already climbed roughly 25% from their post-Q1 level near $12 to $14.82, so the bar is high. A clean beat-and-raise on the back of GM's own upbeat report could cement the sector rally, while renewed USMCA risk and a cumulative $4.8 billion EV drag set up a sharper downside if management can't defend the high end of its $8.5–$10.5 billion 2026 guide.
