Ford Q3 revenue beats analyst estimates
Overview
Automaker's Q3 revenue rose, beating analyst expectations
Adjusted EBIT for Q3 beat analyst expectations
Company raised low end of full-year adjusted EBIT guidance
Outlook
Ford raises low end of 2026 adjusted EBIT guidance to $10.5 bln-$11 bln
Company maintains 2026 adjusted free cash flow guidance at $6 bln-$7 bln
Guidance excludes potential impacts from Middle East conflict escalation or major US economic downturn
Result Drivers
LOWER VOLUME AND HIGHER COSTS - Ford Blue segment's EBIT decline was attributed to lower volume from product discontinuations, Middle East conflict, and higher commodity costs, partially offset by favorable mix
EV SEGMENT IMPROVEMENT - Ford Model e's EBIT loss improved as the company optimized first-generation EVs and invested in scalable electric vehicles and Ford Energy
LAUNCH COSTS AND COMMODITIES - Ford Pro segment's EBIT decline was due to higher commodity costs and temporary launch costs, partially offset by lower tariffs and favorable mix
Company press release: Full Story
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $49.50 bln | $46.24 bln (7 Analysts) |
Q3 Net Income | $2 bln | ||
Q3 Adjusted EBIT | Beat | $2.70 bln | $2.39 bln (11 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 15 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto & truck manufacturers peer group is "buy"
Wall Street's median 12-month price target for Ford Motor Co is $15.00, about 28.1% above its October 27 closing price of $11.71
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 8 three months ago
Reuters Recommended Reads
Oct 28 - Ford’s third-quarter core profit ticks higher despite rising commodity costs
Oct 27 - Porsche posts profit rebound as restructuring starts to deliver
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)