Ford Motor Company (F) Conference presentation summary

Strategic and operational highlights

• Focus on advancing core auto, growing auto services, and expanding adjacent businesses to drive profitable growth, capital efficiency, and durability.

• Q2 2026 saw global paid software subscriptions reach 1.6 million, with strong growth in 3-row adventure utilities and record Maverick Hybrid sales.

• Off-road performance trims made up nearly 25% of U.S. sales mix, and the brand was named top mainstream brand for new vehicle quality in JD Power 2026.

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

Financial performance

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

• 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: Q2 EBIT of $1.1B, driven by favorable product mix, higher net pricing, and lower regulatory compliance expenses, despite lower volume due to product discontinuation and supply constraints.

• Ford Model e: Q2 EBIT loss of $0.9B, improved by $0.4B YoY, as losses were optimized on Gen-1 products and production was right-sized to demand.

• Ford Pro: Q2 EBIT of $1.7B, down $0.6B YoY, with volume and revenue impacted by product discontinuation and production disruptions.

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