DEARBORN, Michigan, September 1, 2026, 12:57 EDT —
- Ford Motor Company NYSE:F fell 1.0% to $13.80 by 12:57 EDT.
- The shares trade at 7.2 times forward earnings, with a 4.3% indicated yield.
- Ford expects a roughly $4 billion Model e loss against $6–$7 billion of adjusted free cash flow.
Ford stock fell 1.0% on Tuesday as investors weighed cheap earnings against a costly electric-vehicle reset. The shares traded at $13.80 on 21.95 million shares at 12:57 EDT. They touched $14.05 earlier in the session Yahoo Finance.
The tension sits inside Ford’s 2026 outlook. Its planned Model e loss equals about 62% of the $6.5 billion midpoint for adjusted free cash flow. Those measures are different, but the scale shows why cash conversion matters.
Ford stock slides from the opening hour
NYSE price in dollars; previous close $13.94
As of . Five-minute observations; source: Yahoo Finance.
The valuation offers a buffer. Ford’s $55.1 billion market value equals 7.2 times projected earnings. Its indicated dividend yield was 4.3% at the reporting time Yahoo Finance statistics.
Yet the latest quarter exposed uneven earnings quality. Adjusted EBIT rose $400 million to $2.5 billion. Revenue fell 4% to $48.3 billion, while adjusted free cash flow declined to $2.1 billion.
Commercial vehicles still carry Ford’s profit
Second-quarter 2026 segment EBIT, except Ford Credit pre-tax earnings; $ billions
Reported July 28, 2026. Source: Ford second-quarter results filed with the SEC.
Ford Pro remained the profit engine. It produced $1.72 billion of EBIT at a 9.7% margin. Ford Blue added $1.14 billion, while Model e lost $919 million SEC filing.
Model e’s loss improved by $410 million from a year earlier. Its revenue still fell 56% to $1 billion. The unit’s negative 89.6% margin leaves little room for weaker pricing.
Raised guidance still carries a large EV burden
Ford full-year 2026 outlook; company-adjusted measures
Scale check: the planned Model e loss is about 62% of the adjusted free-cash-flow midpoint. This is a magnitude comparison, not an accounting bridge.
Guidance issued July 28, 2026. Source: Ford’s SEC-filed earnings release.
Management raised full-year adjusted EBIT guidance to $10–$11 billion. It also lifted adjusted free cash flow to $6–$7 billion. Capital spending remains $9.5–$10.5 billion.
The cash outlook includes about $500 million of expected tariff reimbursement this year. Ford said timing remains uncertain and depends on trade policy. That makes the upper half of guidance less automatic Ford 10-Q.
CEO Jim Farley said Ford’s trucks, off-roaders and hybrids were “commanding real pricing power.” The second half must convert that pricing into cash while absorbing new EV spending.
Ford ended June with $22.3 billion of cash and $43.4 billion of liquidity. That balance sheet can fund the transition. It does not remove the execution test.
Risks: Tariff policy, weaker vehicle prices, aluminum disruptions and warranty costs could cut cash generation. Faster Model e improvement or stronger truck mix could lift it.
Tuesday’s price leaves Ford below its 50-day average of $14.09. The low multiple prices in doubt. The next re-rating needs cash, not only adjusted profit.
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