Q1 2026 Ford Motor Co Earnings Call Transcript
Key Points
- Ford Motor Co (F) reported a strong start to the year with $43.3 billion in revenue and $3.5 billion in adjusted EBIT, reflecting sharp execution and momentum in their Ford+ plan.
- The company raised its full-year adjusted EBIT guidance to between $8.5 billion and $10.5 billion, indicating confidence in continued strong performance.
- Ford's focus on high-margin software and physical services revenue is paying off, with expectations to grow the $15 billion revenue from these services by nearly 8% annually through the end of the decade.
- The company is making significant progress in electrification, with plans for 90% of global nameplates to offer electrified powertrains by the end of the decade.
- Ford's financial health is robust, with $22 billion in cash and over $43 billion in liquidity, allowing for strategic investments and consistent shareholder distributions.
- Ford Motor Co (F) faces a $2 billion commodity headwind, largely due to higher aluminum pricing driven by global supply constraints.
- The company is experiencing a nearly 4% decline in volume, attributed to exiting low-margin products like Escape in North America and Focus in Europe.
- Adjusted free cash flow was a use of $1.9 billion in the quarter, impacted by unfavorable timing differences, higher net spending, and changes in working capital.
- Ford Model e reported an EBIT loss of $777 million, although improvements are expected as portfolio changes take effect.
- The guidance does not account for potential impacts from a sustained conflict in the Middle East or a significant downturn in the US economy, which could materially affect industry demand.
Good day, everyone. My name is Leila, and I will be your conference operator today. At this time, I would like to welcome you to the Ford Motor Company first quarter 2026 earnings conference call. (Operator Instructions)
At this time, I would like to turn the call over to Lynn Antipas Tyson, Chief Investor Relations Officer.
Thank you, Leila, and welcome to Ford Motor Company's first quarter 2026 earnings call. With me today are Jim Farley, President and CEO; and Sherry House, CFO. Joining us for Q&A is Andrew Frick, President of Ford Blue and Model e; Alicia Boler Davis President of Ford Pro; Kumar Galhotra, Chief Operating Officer; and Cathy O'Callaghan, CEO for Credit.
Jim will give a high-level overview of the busianess, and Sherry will provide added texture on the financials and guidance. We'll be referring to non-GAAP measures today. These are reconciled to the most comparable US GAAP measures in the appendix of our earnings deck. You can find the deck at shareholder.ford
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
