Ford Q3 2026: revenue slips 2% and net income falls 16% year on year

what happened

According to TradingView, citing Ford's quarterly filing with the SEC (Form 10-Q), the automaker posted third-quarter 2026 revenue of $49.53 billion, 2% below a year earlier. Net income attributable to Ford Motor fell 16.3% to $2.05 billion, and diluted earnings per share dropped to $0.5 from $0.6. Adjusted EBIT, however, climbed 3% to $2.7 billion, lifting the adjusted margin to 5.4%.

Ford Blue saw revenue fall 3% and wholesales drop 10%. Ford Model e revenue and wholesales each declined 31%, yet its quarterly loss narrowed by $352 million to $1.1 billion. Ford Pro grew revenue 2%, but its EBIT fell $320 million on commodity costs, launch expenses and temporary aluminum-supply costs.

why it matters

Ford kept its 2026 guidance, targeting adjusted EBIT of $10.5 billion to $11.0 billion and expecting a $1.0 billion benefit from the Novelis recovery. Commodity costs remain a drag on margins, so investors are likely to watch metal and aluminum prices closely.

market impact

Ford and US autos: weaker net income but higher adjusted EBIT and steady guidance create mixed pressure on the stock

• ↔Ford shares mixed — weaker net income offset by higher adjusted EBIT and a reaffirmed 2026 outlook

tags

instruments