Ford Pro Guides $6.5B-$7.5B EBIT While EV Sales Plunge 71% in February
February EV deliveries plunged 71% and total vehicle sales fell 5.5%, with nearly five million units under recall and a key supplier in bankruptcy. William Clay Ford Jr. bought 140,000 shares at $13.82 and Ford Pro posted Q3 EBIT of $1.99B on $17.4B revenue, guiding $6.5B-$7.5B for 2026.
1. EV Sales Collapse and Recall Impact
February EV deliveries plunged 71% year-over-year while total vehicle sales declined 5.5%, with nearly five million vehicles under recall and a major supplier’s bankruptcy disrupting production capacity.
2. Insider Purchase by William Clay Ford Jr.
Executive chair William Clay Ford Jr. acquired 140,000 Class B shares at an average price of $13.8175 on February 19, signaling confidence in Ford’s long-term cash-generating potential despite headline risks.
3. Model e Segment Losses Narrowing
Management forecasts Model e losses of $4.0B to $4.5B for 2026, narrowing by $0.3B from 2024, while isolating EV losses from profitable internal combustion engine and commercial operations.
4. Ford Pro Cash Flow and Guidance
Ford Pro delivered $1.99B in Q3 EBIT on $17.4B revenue at an 11.4% margin and grew software subscribers to 818,000, then guided $6.5B to $7.5B EBIT for 2026 to underpin future free cash flow.