Ford earnings 2026 beat expectations as stock jumps after outlook raise
Ford shares rose after the automaker topped Wall Street estimates and lifted profit guidance, even as its EV sales fell sharply.
By Frankie Delgado · News Reporter
2 min read
Ford earnings 2026 gave investors the jolt they wanted Tuesday, with shares climbing more than 6% in after-hours trading after the automaker beat Wall Street’s second-quarter estimates and lifted its full-year profit forecast.
The company joined General Motors in clearing a key bar for Detroit: reporting better-than-expected quarterly earnings and raising its outlook. GM did the same last week, according to MarketWatch.
Ford reported second-quarter revenue of $48.3 billion, down 4% from a year earlier. The company said the decline reflected lower wholesale volumes tied to continuing aluminum supply limits and a pullback, or “right-sizing,” in electric-vehicle sales.
Adjusted earnings came in at 42 cents a share. Analysts tracked by FactSet had expected adjusted profit of 36 cents a share on revenue of $47.2 billion.
Why did Ford stock jump after earnings?
Ford stock rose because the company beat analyst expectations for the quarter and raised its 2026 adjusted profit forecast. Investors also got a reminder that Ford’s traditional strengths, especially trucks, are still carrying a lot of weight.
Ford now expects 2026 adjusted profit of $10 billion to $11 billion. Its previous forecast called for $8.5 billion to $10.5 billion.
The better outlook came even though Ford’s electric-vehicle business remained under pressure. The company said EV sales were down 56% from a year earlier, while revenue at Ford Pro fell 5% year over year.
Ford Pro is the company’s commercial-vehicle and fleet unit, serving business customers rather than retail buyers alone.
Trucks helped offset Ford’s EV slump
Ford said sales of traditionally powered vehicles rose 1%, helped by demand for its pickups in the U.S. The company also said some off-road vehicle trims made up nearly a quarter of its U.S. sales.
Chief Executive Jim Farley said in a statement that Ford’s trucks, off-road vehicles and hybrids were giving the company pricing strength. He also said the quarter showed signs that Ford is becoming more profitable and disciplined.
The split in the results was stark: old-school Ford muscle helped cushion the blow from weaker EV sales. That made the quarter less about electric-vehicle momentum and more about how well the company could make money while demand shifted.
Ford’s report followed GM’s second-quarter beat and outlook raise last week. MarketWatch reported that GM’s results also ended a four-quarter run of revenue declines.
Ford shares had gained about 13% for the year before the after-hours move, according to MarketWatch. That put the stock ahead of the S&P 500, which was up about 9% over the same stretch.
This story draws on original reporting from MarketWatch.