Ford Q4 Revenue Seen at $41.5B, $8.5B EV Writedown Anticipated
Analysts expect Ford to report Q4 revenue of $41.53 billion, up from $35.92 billion a year earlier, with EPS falling to $0.18 from $0.39. The company will record an $8.5 billion pre-tax write-down and $19.5 billion of EBIT charges as it cancels three EV models and shifts to hybrids.
1. Q4 Revenue and EPS Forecast
Analysts project Ford’s fourth-quarter revenue at $41.53 billion, a 15.6% increase from $35.92 billion in Q4 last year, while earnings per share are expected to drop to $0.18 from $0.39 over the same period. The company has beaten revenue estimates in seven of the last ten quarters but faces its first notable EPS decline in three quarters.
2. Strategic EV Pivot Details
Ford is cancelling three planned electric vehicle models and ending production of the F-150 Lightning as it expands hybrid offerings and develops a flexible Universal EV platform. The shift targets a 50% mix of hybrid, extended-range EV and battery EV sales by 2030 while reducing upfront capital on full EV development.
3. Estimated Financial Impact
The company anticipates an $8.5 billion pre-tax asset write-down this quarter and a total $19.5 billion hit to EBIT from the EV strategy reset. It also forecasts approximately $4.9 billion in EV-related losses in fiscal 2025 as part of the pivot away from higher-risk battery EV projects.
4. Profitability Outlook and Guidance
Ford now expects its Model E segment to reach profitability by fiscal 2029, with preliminary improvements beginning in 2026. Investors will be watching for management’s updated guidance on how the new focus on hybrids and profit will balance growth and cash-flow requirements.