Ford at the New York International Auto Show in New York City on April 2, 2026.
Danielle DeVries | CNBC
DETROIT— Ford engine is scheduled to announce first-quarter results after markets close on Wednesday.
Here's what Wall Street expects, according to a survey of analysts by LSEG:
- Earnings per share: 19 cents adjusted
- Automotive income: $38.82 billion
Those results would mark a roughly 3.7% increase in automotive revenue compared to a year ago and a 35.7% increase in adjusted earnings per share, up from 14 cents.
Ford's first-quarter 2025 results included $37.42 billion in automotive revenue, adjusted earnings before interest and taxes of $1.02 billion, and net income of $471 million. Its total revenue, which includes its Ford Credit financing division, was $40.7 billion.
In addition to earnings and any changes to the automaker's 2026 forecast, investors will be watching the effects of the Iran war, tariff impacts and any production updates at key aluminum supplier Novelis following two fires. They will also be on the lookout for any additional charges related to the automaker's pushback on all-electric vehicles.
Ford announced plans in December to record about $19.5 billion in special items beginning in the fourth quarter of 2025 related to a realignment of its business priorities and investments in electric vehicles. That includes $7 billion in 2026 and 2027, with a majority of $5.5 billion in cash charges through 2027 recorded this year, Ford said at the time.
The Detroit automaker's 2026 guidance released in February included adjusted EBIT of between $8 billion and $10 billion, up from $6.8 billion last year; adjusted free cash flow of $5 billion to $6 billion, up from $3.5 billion in 2025; and capital expenditures of $9.5 billion to $10.5 billion, down from $8.8 billion.
