Ford Q3 2026 Results Weaker Sales Hit Profit

Ford Q3 2026 results show revenue and profit declined as weaker gas-and-hybrid sales and ongoing electric-vehicle losses pressured the automaker, prompting management on Oct. 28, 2026, to narrow its 2026 adjusted-EBIT range while maintaining cash-flow guidance.

Quarter Results and Guidance

Ford Motor Company reported third-quarter revenue of $49.5 billion, down 2.0% from a year earlier. The decline reflected the planned discontinuation of lower-margin models, including the Escape and Lincoln Corsair, and weaker volumes [source:2]. Net income fell 17.0% to about $2.0 billion from $2.4 billion a year earlier [source:2].

Adjusted earnings before interest and taxes (EBIT) rose to $2.7 billion, lifting the adjusted-EBIT margin to 5.4% from 5.1% in the prior-year quarter. Adjusted earnings per share increased to $0.49 from $0.40 [source:1]. Operating cash flow reached $5.4 billion, and adjusted free cash flow was $4.7 billion, up from $4.3 billion a year earlier. The company ended the quarter with $25.3 billion in cash and $46.4 billion in total liquidity [source:2].

Ford’s electric-vehicle unit, Model e, posted an EBIT loss of $1.1 billion on $1.2 billion of revenue, a 31.0% decline year over year. The company expects Model e to lose roughly $4.0 billion for 2026 [source:2][source:3]. Ford Blue, the internal-combustion and hybrid business, generated operating income of $1.4 billion, down 10.0% year over year, with its operating margin slipping to 5.1% from 5.5% [source:2]. The commercial-vehicle segment, Ford Pro, reported operating income of $1.7 billion, down 16.0%, and its margin declined to 9.4% from 11.4% [source:2]. Ford Credit recorded earnings before taxes of $803 million, up 27.0% year over year [source:2].

U.S. sales fell 6.6% to 509,764 vehicles, partly due to the phaseout of the Escape and Lincoln Corsair. Wholesale volume declined about 9.0% year over year. Ford said a higher-margin product mix and tighter cost controls helped support adjusted EBIT [source:3].

Management raised the lower bound of its 2026 adjusted-EBIT guidance to $10.5 billion from $10.0 billion, keeping the upper bound at $11.0 billion. The adjusted-free-cash-flow range remained $6.0 billion to $7.0 billion, and capital expenditures were guided at $9.5 billion to $10.5 billion [source:1].

Commodity-cost headwinds could approach $2.5 billion for 2026, up from a prior estimate of $2.0 billion, driven by higher steel and copper prices, logistics, and semiconductor costs. The company expects about $1.0 billion in material and warranty-cost reductions, excluding tariffs and costs related to a Novelis factory fire [source:3].

Ford declared a fourth-quarter dividend of $0.15 per share, payable Dec. 1, 2026, to shareholders of record at the close of business Nov. 10, 2026 [source:2].

Management flagged risks including supplier disruptions, commodity inflation, tariffs, fuel costs, and semiconductor pricing. The outlook incorporates planned cost reductions, product-mix benefits, and the company’s investment cadence. Ford expects U.S. industry pricing to be about 100 basis points higher year over year [source:1][source:3]. CFO Sherry House said full-year 2027 profit is expected to be roughly in line with 2026 results [source:3].