Ford Motor Company (F) Conference presentation summary

Strategic and operational highlights

• Achieved global paid software subscriptions of 1.6 million, up 50% year-over-year, and record Maverick Hybrid sales, making it the top hybrid truck in the U.S.

• U.S. retail sales of Explorer and Expedition rose over 20%, with off-road trims comprising nearly 25% of U.S. sales mix.

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

• Maintained a strong balance sheet with $22.3B in cash and $43.4B in liquidity.

• Continued transformation of the industrial system to lead on cost for next-generation products, starting with the UEV platform.

Financial performance

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

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

• Adjusted free cash flow for Q2 was $2.1B, and adjusted EPS was $0.42.

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

• Net income for Q2 2026 was a loss of $1.3B, impacted by $4.2B in special items, including EV program cancellations and asset write-downs.

Segment results

• Ford Blue posted Q2 EBIT of $1.1B, up $0.5B YoY, driven by favorable mix and higher net pricing despite lower volume.

• Ford Model e reported a Q2 EBIT loss of $0.9B, improved by $0.4B YoY, reflecting right-sizing of Mach-E production and F-150 Lightning discontinuation.

• Ford Pro delivered Q2 EBIT of $1.7B, down $0.6B YoY, due to product discontinuation and supply disruptions.

• Ford Credit earned $0.8B in Q2 EBIT, with continued strong portfolio performance and stable auction values.