Ford Motor beat estimates on automotive revenue and earnings per share last quarter, but has lowered its guidance as a fire at a supplier hampers production.
Automotive revenue was US$47.19 billion, rising from $43.07 one year ago and above LSEG estimates of $43.08 billion. Earnings per share were $0.45, down from $0.49 but passing estimates of $0.36.
“Ford posted another strong quarter, delivering more than $50 billion in revenue powered by our incredible products and services, the durability of Ford Pro and our disciplined focus on cost and quality,” said Ford CEO Jim Farley.
“We are heading into 2026 as a stronger and more agile company. We will continue to focus on execution and on quickly making the right strategic calls on propulsion, partnerships and technology that will create tremendous value for our customers.”
Total revenue, including its loan business, Ford Credit, was $50.54 billion, up from $46.20 billion one year ago.
Adjusted EBIT was $2.59 billion, growing from $2.55 billion, and including an $0.7 billion hit from United States tariffs.
Novelis, an aluminium supplier to companies like Ford and Stellantis, reported a fire at a New York plant in September, with production set to resume in November or December.
Ford expects a $1.5-2.0 billion hit to its adjusted EBIT across 2025, and plans to mitigate at least $1.0 billion of this in 2026.
Ford’s total wholesale units were up 6% to 1.16 million. Ford Model e, its electric vehicle business, saw the largest percentage gain at 57%, while Ford Blue and Ford Pro were up 2% and 9%.
Ford Model e continued to post a loss before interest and taxes, growing $179 million to $1.41 billion. Ford Blue’s EBIT was down $84 million to $1.54 billion, and Ford Pro’s EBIT was up $172 million to $1.99 billion.
Its full-year guidance includes adjusted EBIT of $6-6.5 billion, down from the $6.5-7.5 billion projected last quarter. Its expected tariff headwind across 2025 is $1.0 billion, lowered from the previous $2 billion.
Ford’s (NYSE: F) share price climbed to 3.6% to $12.77 in after-hours trading, following a close at $12.34. Its market capitalisation is $51.45 billion.
