Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when F files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsFord reports Q2 loss on $3.6B battery JV charge, raises full-year EBIT guidance to $10-11B
Filed July 28, 2026 · Period ending July 28, 2026 · ~1 min read
Key Changes
-
high
Q2 net loss of $1.3B includes $3.6B largely non-cash charge for BlueOval SK battery JV disposition; adjusted EBIT rose $0.4B year-over-year to $2.5B on improved operations despite lower volumes.
Exhibit 99 view on EDGAR → -
high
Full-year adjusted EBIT guidance raised to $10.0-11.0B (from $8.5-10.5B) and adjusted free cash flow to $6.0-7.0B (from $5.0-6.0B), each up $500M at midpoint.
Exhibit 99 view on EDGAR → -
high
Ford Blue EBIT improved $0.5B to $1.1B; Ford Pro EBIT declined $0.6B to $1.7B due to Novelis aluminum supply constraints; Model e loss narrowed for third consecutive quarter to $919M.
Exhibit 99 view on EDGAR → -
medium
Ford Credit earnings before taxes rose $112M year-over-year to $757M on strong financing margin and portfolio quality; full-year guidance raised to above $2.5B.
Exhibit 99 view on EDGAR → -
medium
Declared regular quarterly dividend of 15 cents per share, payable September 1 to shareholders of record on August 11.
Exhibit 99 view on EDGAR →
Summary
Ford reported a Q2 2026 net loss of $1.3 billion driven by a $3.6 billion largely non-cash charge for the previously announced disposition of the BlueOval SK battery joint venture. Stripping out the charge, underlying operations improved: adjusted EBIT rose $0.4 billion year-over-year to $2.5 billion despite a 4% revenue decline, and adjusted free cash flow reached $2.1 billion.
The company raised full-year adjusted EBIT guidance by $500 million at the midpoint to $10.0-11.0 billion and lifted adjusted free cash flow guidance to $6.0-7.0 billion. Segment performance was mixed. Ford Blue (traditional ICE vehicles) delivered $1.1 billion EBIT, up $0.5 billion on better pricing and mix.
Ford Pro (commercial vehicles) saw EBIT decline $0.6 billion to $1.7 billion as Novelis aluminum supply constraints weighed on volumes, though the 9.7% margin remains strong. Ford Model e (EVs) narrowed its loss to $919 million, the third consecutive quarter of year-over-year improvement. Ford Credit contributed $757 million in pre-tax earnings, up $112 million on strong financing margins. The company maintained its 15-cent quarterly dividend.
Section-by-Section Diff
Event · Exhibit 99
Ford reports Q2 2026 results with $1.3B net loss (including $3.6B BOSK JV charge), raises full-year adjusted EBIT guidance to $10-11B, declares 15¢ dividend.
Added in current filing · view on EDGAR →
Second-quarter revenue of $48.3 billion, down $1.9 billion year-over-year; net loss of $1.3 billion, down $1.3 billion year-over-year, adjusted EBIT of $2.5 billion, up $0.4 billion year-over-year. As expected, the net loss includes a $3.6 billion largely non-cash special item charge tied to the previously announced disposition of the BlueOval SK (BOSK) joint venture
Ford reported Q2 2026 revenue of $48.3 billion (down 4% year-over-year) and a net loss of $1.3 billion, driven by a $3.6 billion largely non-cash charge for the BOSK joint venture disposition. Adjusted EBIT was $2.5 billion, up $0.4 billion year-over-year, reflecting improved underlying operations despite lower volumes. Operating cash flow was $4.3 billion and adjusted free cash flow was $2.1 billion.
Added in current filing · view on EDGAR →
Company raises full-year adjusted EBIT guidance to $10 billion to $11 billion (from $8.5 billion to $10.5 billion) and adjusted free cash flow to $6.0 billion to $7.0 billion (from $5.0 billion to $6.0 billion)
Ford raised its full-year 2026 adjusted EBIT guidance by $500 million at the midpoint (now $10.0-11.0 billion vs. prior $8.5-10.5 billion) and adjusted free cash flow guidance by $500 million at the midpoint (now $6.0-7.0 billion vs. prior $5.0-6.0 billion). The adjusted free cash flow guidance now includes expected 2026 cash recovery of approximately $500 million of the $1.3 billion IEEPA reimbursement recorded in Q1.
Added in current filing · view on EDGAR → · paraphrased
Ford Blue reported $1.1 billion of EBIT on $26.1 billion of revenue — EBIT up $0.5 billion year-over-year and revenue up 1%. ... Ford Pro generated $1.7 billion of EBIT on $17.8 billion of revenue, at a 9.7% EBIT margin. EBIT was down $0.6 billion year-over-year as it continues to recover from temporary Novelis-related aluminum supply constraints. ... Ford Model e reported a second-quarter EBIT loss of $919 million on $1.0 billion of revenue — the third consecutive quarter of year-over-year EBIT improvement.
Ford Blue EBIT improved $0.5 billion year-over-year to $1.1 billion (4.4% margin) on higher pricing and mix. Ford Pro EBIT declined $0.6 billion to $1.7 billion (9.7% margin) due to Novelis aluminum supply constraints. Ford Model e loss narrowed for the third consecutive quarter to $919 million. Full-year segment guidance was raised: Ford Blue to $5.0-5.5 billion (from $4.5-5.0 billion), Ford Pro to $7.0-7.5 billion (from $6.5-7.5 billion), and Ford Model e loss improved to approximately $4.0 billion (from $4.0-4.5 billion).
Event · Item 2.02 — Results of Operations and Financial Condition
Ford disclosed Q2 2026 financial results via press release and scheduled an earnings call for July 28, 2026 at 5:00 p.m. ET.
Added in current filing · verify on EDGAR →
Ford Motor Company (“Ford” or “Company”) hereby incorporates by reference its news release dated July 28, 2026, which is furnished as Exhibit 99 hereto.
Ford disclosed its second quarter 2026 financial results through a press release dated July 28, 2026. The specific financial metrics are contained in the attached Exhibit 99, which is incorporated by reference into this filing.
Added in current filing · verify on EDGAR →
Beginning at 5:00 p.m. on July 28, 2026, Ford President and Chief Executive Officer Jim Farley, Chief Financial Officer Sherry House, and other members of Ford’s senior management team will host a conference call to discuss Ford’s second quarter 2026 financial results.
Ford scheduled an earnings conference call for July 28, 2026 at 5:00 p.m. Eastern Time. CEO Jim Farley and CFO Sherry House will lead the discussion of Q2 2026 results, with investment community participants able to ask questions.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 29, 2026 · How we verify