Ford Motor Company (F) Conference presentation summary

Strategic and operational highlights

• Focused on advancing core auto, growing auto services, and expanding adjacent businesses through distinct segments: Blue (gas & hybrid), Pro (commercial), Model e (electric), and Credit (financial services).

• Software subscriptions reached 1.6 million globally, though down 50% year-over-year.

• U.S. retail sales of Explorer and Expedition rose over 20%, with Maverick Hybrid achieving record sales.

• Off-road trims made up nearly 25% of U.S. sales mix, supporting higher margins.

• Recognized as the top mainstream brand for new vehicle quality in JD Power 2026 U.S. Initial Quality Study.

Financial performance

• Q2 2026 revenue was $48.3B, with adjusted EBIT of $2.5B (up 17%) and a 5.2% margin.

• First half 2026 revenue reached $91.5B, adjusted EBIT $6.0B, and margin 6.5%.

• Adjusted free cash flow for Q2 was $2.1B; cash balance stood at $22.3B and liquidity at $43.4B.

• Adjusted EPS for Q2 was $0.42, up $0.05 year-over-year.

• Adjusted ROIC improved to 13.2% for the trailing four quarters.

Segment results

• Ford Blue: EBIT of $1.1B in Q2, driven by favorable mix and pricing, despite lower volume from product discontinuation and Middle East conflict.

• Ford Model e: EBIT loss of $(0.9)B, improved by $0.4B due to right-sizing Mach-E production and discontinuing F-150 Lightning.

• Ford Pro: EBIT of $1.7B, down $0.6B, impacted by Novelis-related supply constraints and product discontinuation.

• Ford Credit: EBT of $757M in Q2, up $112M, with strong portfolio performance and stable auction values.