Earnings call analysis

Ford Motor (F) Q3 2026 Earnings Call: Guidance and Outlook

Ford provided updated full-year 2026 guidance, raising the low end of its adjusted EBIT range. The outlook assumes a U.S. SAAR of 16.5 million units and accounts for ongoing commodity and logistics cost headwinds.

About Ford Motor. Ford Motor Company is a global automotive giant, engaged in the design, production, and servicing of a broad spectrum of vehicles. Its product line encompasses Ford trucks, commercial cars and vans, and sport utility vehicles, in addition to luxury models from its Lincoln brand.

Call date

Oct 28, 2026

Sentiment score

+35 Balanced

Management tone, -100 to +100

Sentiment change

vs Q2 2026 call

Sector

Consumer Discretionary, Automobiles

Next report

Feb 9, 2027

View calendar

Quarterly guidance

Quarterly guidance: No quarterly guidance was given.

Annual guidance

Adjusted EBIT: $10.5 billion to $11 billion
Adjusted free cash flow: $6 billion to $7 billion
Capital expenditures: $9.5 billion to $10.5 billion
Ford Blue EBIT: about $5.5 billion
Ford Pro EBIT: about $7 billion
Model e losses: about $4 billion
Ford Credit EBT: about $2.8 billion

Outlook

2027 Profitability: Ford targets profitability in 2027 to be roughly in line with 2026.
Cost Headwinds: Commodities, memory, and logistics costs are expected to represent a $2 billion year-over-year headwind in 2027.
Ford Energy: The company expects to bring 20 gigawatt hours of annual capacity online by the end of next year.
Pricing: Full year U.S. industry pricing is expected to be about 100 basis points higher year-over-year.
Commodity Costs: Commodity headwinds are approaching $2.5 billion year-over-year, an increase of about $500 million.

Sources and method

Dombey's summary of the Ford Motor Q3 2026 earnings call held Oct 28, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.

Updated Nov 9, 2026. All earnings call analyses

Research access

Research published before the catalyst, kept on the record after it.

Free AccountComplimentaryA DombeyAI account at no cost: the daily market view, earnings call analysis, a watchlist and every published pick tracked from the day it was named.Create a free account Standard Access$6.67 / monthOngoing catalyst coverage and the complete public-research archive, for readers who want to follow forthcoming events and revisit the firm's published thinking.Start Standard Access RecommendedFounding Membership$1,200 / yearInstitutional access to the complete research suite, proprietary models and execution strategy.Become a Founding Member