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Ford Motor Company (NYSE: F) delivered a strong first-quarter performance, beating Wall Street expectations and sending its stock higher in after-hours trading. The automaker reported adjusted earnings per share (EPS) of $0.66, far exceeding the analyst consensus of $0.19. Following the announcement, Ford shares jumped 7.2%, reflecting investor confidence in the company’s improving financial outlook.
Revenue for the quarter reached $43.3 billion, marking a 6% year-over-year increase and slightly surpassing estimates of $42.96 billion. A notable factor in the results was a $1.3 billion one-time benefit tied to IEEPA tariffs, covering payments made between March 2025 and February 2026. This benefit primarily supported Ford’s core business segments, including Ford Blue and Ford Pro. Adjusted EBIT rose sharply to $3.5 billion compared to $1.0 billion in the same period last year, highlighting stronger operational efficiency and cost management.
Looking ahead, Ford raised its full-year adjusted EBIT guidance to a range of $8.5 billion to $10.5 billion, up from its prior forecast of $8.0 billion to $10.0 billion. The midpoint of $9.5 billion is above the analyst consensus of $8.9 billion, signaling optimism about continued growth. The company maintained its outlook for adjusted free cash flow between $5.0 billion and $6.0 billion, along with planned capital expenditures of $9.5 billion to $10.5 billion.
CEO Jim Farley credited the results to the company’s Ford+ strategy, which focuses on improving cost structure, product quality, and operational resilience. Among its business units, Ford Pro generated $1.7 billion in EBIT on $14.7 billion in revenue, achieving an 11.4% margin. Ford Blue reported $1.9 billion in EBIT with strong sales driven by models like the F-Series, Bronco, Explorer, and Expedition. Meanwhile, Ford Model e recorded a loss of $777 million as the company continues investing in electric vehicle development.
Ford also announced a second-quarter dividend of $0.15 per share, payable on June 1 to shareholders of record as of May 12.
