NEW YORK, August 3, 2026, 18:00 EDT — U.S. markets have ended regular trading and after-hours activity has started.
- Ford ended the session at $14.43, up just 0.4% from its closing price on July 24 ahead of its earnings report.
- Despite a decline in quarterly vehicle volumes, the midpoint for adjusted EBIT guidance increased by 10.5%.
- Manufacturing in Romania will stay suspended until August 19 due to ongoing electricity supply issues.
Ford Motor Company NYSE:F slipped 1.7% on Monday, closing at $14.43. Meanwhile, the S&P 500 advanced 1.48% during the session.
| Monday market snapshot | Close | Session change |
|---|---|---|
| Ford Motor NYSE:F | $14.43 | -1.70% |
| General Motors NYSE:GM | $87.68 | -1.33% |
| Stellantis NYSE:STLA | $5.65 | -1.91% |
| S&P 500 | 7,600.50 | +1.48% |
Sources at market close:
Ford shares were just 0.4% higher than their July 24 close. After four days, Ford raised its 2026 EBIT midpoint by 10.5%.
| Guidance and share response | Before Q2 update | Latest | Midpoint or price change |
|---|---|---|---|
| Adjusted EBIT | $8.5B-$10.5B | $10.0B-$11.0B | +10.5% |
| Adjusted free cash flow | $5.0B-$6.0B | $6.0B-$7.0B | +18.2% |
| Ford closing share price | $14.37 on July 24 | $14.43 on August 3 | +0.4% |
Ford’s midpoint adjustments are based on the automaker’s reported ranges.
The contrast is clear. Ford’s upgraded profit outlook has outpaced gains in its share price.
Wholesales declined 12% in the second quarter, but adjusted EBIT increased 17% to $2.5 billion. Adjusted margin expanded by 90 basis points to 5.2%.
Ford reported a 4% decline in revenue, totaling $48.3 billion. The automaker attributed the decrease to reduced volume, discontinued models, and limits on aluminum supply, although these factors were partially mitigated by a favorable mix.
GAAP results showed a contrast. Ford reported a net loss of $1.3 billion following a mostly non-cash battery venture charge of $3.6 billion.
| Q2 operating split | Wholesales, YoY | Revenue, YoY | 2025 EBIT | 2026 EBIT | Margin change |
|---|---|---|---|---|---|
| Ford Blue | -8% | +1% | $0.661B | $1.135B | up 1.8 points |
| Ford Pro | -13% | -5% | $2.318B | $1.718B | down 2.7 points |
| Ford Model e | -53% | -56% | -$1.329B | -$0.919B | down 33.2 points |
Operating losses are reflected by negative EBIT values.
Ford Blue drove quarterly performance, with EBIT up 72% even as wholesales declined 8%.
Ford Pro stayed in profit, although EBIT declined by 26%. Model e reduced its loss even as revenue decreased 56%.
Chief Financial Officer Sherry House said, “Our industrial system is getting fitter,” while speaking to reporters. The improvement in Blue’s margin backs up that assertion, though Pro’s margin decrease provides a counterpoint. Reuters
The upgraded forecast factors in approximately $1 billion attributed to Novelis’ rebound. Additionally, it includes 0.5% U.S. pricing, along with $1 billion in material and warranty cost reductions.
New supply concerns emerged on Monday as Ford and Dacia suspended production in Romania until August 19 due to electricity supply issues. No financial impact was disclosed in the statement.
The main earnings driver for investors continues to be the North American mix. Through June, F-Series deliveries reached 357,801 units, outpacing Chevrolet Silverado by over 80,000.
Ford reported a 10.3% decrease in its U.S. sales for the second quarter, delivering 549,200 vehicles. The company said sales would have increased 0.5% if not for model transitions and if rental volumes had remained constant.
As of Monday, Ford’s investor calendar showed no planned events. The next key indicators for the company will involve updates on production and recovery of F-Series supply.
Risks: Ford’s outlook does not factor in a significant escalation in the Middle East or a substantial downturn in the U.S. economy. Potential impacts from tariffs, warranty expenses, EV-related losses and new supply chain issues could offset anticipated improvements.
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