Ford's Earnings Report Due After Close: Wall Street Expectations

• Wall Street will focus on impacts from tariffs, Iran war effects, production updates from aluminum supplier Novelis after two fires, and additional charges related to Ford's EV pullback
• Ford announced plans in December to record special restructuring charges including $7 billion in 2026-2027, with $5.5 billion in cash charges through 2027 being recorded mostly this year
• Ford's 2026 guidance includes adjusted EBIT of $8-10 billion (up from $6.8 billion in 2025), adjusted free cash flow of $5-6 billion, and capital expenditures of $9.5-10.5 billion

Ford Motor Q1 2025 Earnings Summary

Key Expectations

Ford Motor is scheduled to report first-quarter 2025 results after market close Wednesday, with an earnings conference call at 5 p.m. ET. Wall Street analysts surveyed by LSEG expect:

• Automotive revenue: $38.82 billion
• Adjusted earnings per share: Data not fully specified in article, but indicates a 35.7% year-over-year increase expected

Performance Context

The projected automotive revenue represents a 3.7% increase versus Q1 2024. For comparison, Ford's prior quarter posted $37.42 billion in automotive revenue, $1.02 billion in adjusted EBIT, and $471 million in net income, with total revenue including Ford Credit reaching $40.7 billion.

Key Focus Areas

Investors will scrutinize:

• Updates to 2026 full-year guidance
• Impact from Iran war developments
• Tariff effects on operations
• Production updates at aluminum supplier Novelis following two fires
• Additional charges related to EV pullback

Restructuring Charges

Ford announced significant restructuring in December 2025, planning to record up to $10 billion in special items starting Q4 2025 through its EV investment pivot. This includes:

• $7 billion allocated for 2026-2027
• $5.5 billion in cash charges through 2027, majority recorded in 2026

2026 Guidance

Ford's full-year 2026 outlook includes:

• Adjusted EBIT: $8-10 billion (vs. $6.8 billion in 2025)
• Adjusted free cash flow: $5-6 billion (vs. $3.5 billion in 2025)
• Capital expenditures: $9.5-10.5 billion (vs. $8.8 billion prior year)

The results will provide critical insight into Ford's strategic restructuring and competitive positioning amid industry headwinds.