Ford Sees $38.5B Q1 Revenue and $0.18 EPS on $1.26B EBIT
Ford anticipates Q1 automotive revenue of $38.48B with adjusted EPS of $0.18 and EBIT of $1.26B as cost pressures from temporary aluminum sourcing persist. It forecasts recovering over 50,000 F-150 units in 2026’s second half, expects $8–10B adjusted EBIT for the year and absorbs $2B in tariff costs.
1. Q1 Earnings Outlook
Ford expects Q1 automotive revenue of $38.48 billion with adjusted EPS of $0.18 and EBIT of $1.26 billion, reflecting cost headwinds from temporary aluminum sourcing for its F-Series pickups.
2. Tariff Relief and Guidance
After incurring $2 billion in tariff charges last year, Ford may upgrade full-year guidance as tariff relief from recent rulings eases cost burdens and supports margin expansion.
3. F-150 Production Recovery
Fires at a Novelis aluminum plant curtailed last year’s F-150 output, but Ford projects recovery of over 50,000 units in 2026, predominantly in the second half.
4. EV Losses and Warranty Risks
Ford forecasts a $4–4.5 billion loss in its Model e EV unit for 2026 and faces mounting warranty costs, including a recall of 1.5 million F-150 pickups for a gear shift defect.