FORD MOTOR CO Earnings Summary — Q1 2026

• Ford delivered a strong Q1 2026 with net income rising to $2.55 billion, a significant recovery from the massive $11 billion loss in the prior quarter.
• Revenue grew 6.4% year-over-year to $43.3 billion, demonstrating resilient demand for 핵심 vehicle lines.
• Operating income reached $2.33 billion, a sharp improvement over the $319 million reported in the same quarter last year.
• The company continues to face high cost of revenue ($35.3 billion), which remains the primary pressure on gross margins.
• Interest income variability and non-operating items continue to create volatility in the bottom-line results.
• Management is increasingly focused on the Ford Pro (Commercial) high-margin segment to offset EV transition costs.

Management is shifting focus toward high-margin software and service through Ford Pro while throttling back EV targets to align with shifting market demand.

Improving

The massive losses seen at the end of 2025 have stabilized into a profitable Q1, with operating margins expanding notably from the prior year.

The outlook remains focused on the execution of the Ford+ plan, with specific emphasis on reducing warranty costs and scaling the Ford Pro segment to counter Model e (EV) losses.