New York, Feb 11, 2026, 07:19 (EST) — Premarket
- Ford stock held its ground before the bell after the company missed earnings but projected profits would bounce back by 2026.
- Ford’s reliance on trucks faces ongoing strain as tariffs and disruptions in aluminum supply continue to bite.
- Traders are on edge, waiting for the delayed U.S. jobs report to drop ahead of the opening bell.
Ford Motor stock barely budged in premarket hours Wednesday, trading near $13.57.
Ford’s shares barely budged—this after the automaker laid out its 2026 targets, looking to reassure investors following a tough quarter and renewed doubts about the pace at which U.S. car buyers will embrace more electric vehicles.
Why it matters now: Ford stock is again moving on fundamentals—tariffs, trucks, cash flow—not just the EV story. The key for investors: can the company keep margins solid in its main business even as EV losses keep mounting?
Ford reported fourth-quarter revenue of $45.9 billion and swung to a net loss of $11.1 billion. Adjusted earnings per share landed at 13 cents. Looking ahead to 2026, the company is targeting adjusted EBIT—its preferred profit gauge—between $8.0 billion and $10.0 billion, and expects adjusted free cash flow in the range of $5.0 billion to $6.0 billion. CFO Sherry House cited a “disciplined approach to capital efficiency,” saying Ford aims to “drive even stronger results in 2026 and beyond.” 1
Ford shares dipped 0.15%, finishing at $13.57 on Tuesday after posting results. The company pointed to approximately $2 billion in costs linked to President Donald Trump’s tariffs this year—most of that stemming from aluminum used in F-150 production. House noted that a change in tariff relief guidance late in December tacked on another $900 million. As for the aluminum plant near Oswego, New York, Ford doesn’t expect full operations to kick in until sometime between May and September. CEO Farley, speaking with analysts, emphasized what he called the “right allocation of capital” through partnerships and targeted electrification. That includes efforts on a $30,000 EV platform and an electric pickup, which is scheduled to begin production next year. 2
Earnings painted Ford’s familiar contrast: robust sales for lucrative pickups and commercial vehicles, but the EV division continues to weigh on results. That disconnect isn’t going anywhere—expect it to drive the shares’ story for now.
Still, hazards remain. A spike in tariff costs, persistent aluminum supply issues, or unyielding warranty and recall expenses could quickly shrink the runway Ford needs to hit its 2026 profit targets.
Beyond corporate moves, eyes are turning to Washington for what could be the session’s first real mover. Futures on major U.S. stock indexes barely budged as investors waited for the January jobs numbers—late this time—which traders have been using as a gauge for both Fed rate bets and sentiment on risk. 3
Ford’s next big moment comes with first-quarter 2026 results, slated for release after markets shut on April 28. Investors will be watching for updates on tariffs, costs, and how quickly the EV overhaul is moving. 4
