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Ford Motor is set to report earnings after the bell. Here's what Wall Street expects

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In short

Financial analysts project that third-quarter performance will show modest drops in both profitability and automotive revenue compared to the prior year. The major focal point remains a supplier disruption that caused monthly F-150 production to decline by over 14,500 units between August and September. Despite the lost manufacturing volume and persistent concerns regarding warranty expenses, leadership insists the operational hit remains containable. Analysts largely anticipate the automaker will reaffirm its annual targets for both earnings and cash generation.

Key points

  • A late-September supplier disruption severely constrained assembly output for the core F-…: A late-September supplier disruption severely constrained assembly output for the core F-Series vehicle lineup.
  • The company maintains that recent truck assembly setbacks remain completely containable w…: The company maintains that recent truck assembly setbacks remain completely containable within its 2026 adjusted earnings targets.
  • Wall Street broadly expects the automaker to reiterate its full-year adjusted EBIT foreca…: Wall Street broadly expects the automaker to reiterate its full-year adjusted EBIT forecast of $10 billion to $11 billion.

Sources checked by our analysis pipeline: 1

DETROIT — Ford Motor is set to announce third-quarter earnings after the markets close Wednesday.

Here's what Wall Street expects, based on average analysts' estimates compiled by LSEG:

- Earnings per share: 40 cents adjusted, estimated

- Automotive revenue: $46.24 billion estimated

Those results would mark a 2% decline in revenue compared with a year earlier and a roughly 11% decrease in adjusted earnings per share. Ford's 2025 third-quarter results included $47.19 billion in automotive revenue, net income of $2.4 billion and earnings per share of 45 cents adjusted.

A main focus for investors will be Ford's F-Series pickup trucks, including its crucial F-150. The automaker has been recovering from supplier issues that affected truck production for much of the past year, but experienced a disruption in F-150 manufacturing due to a separate, unrelated supplier problem toward the end of September.

Ford reported production of the F-150 declined from more than 57,500 units in August to less than 43,000 in September. The automaker said the disruption is "containable within" its existing 2026 adjusted earnings guidance.

Wall Street analysts generally expect Ford to maintain its 2026 outlook, but they differ on how the F-150 production disruption will ultimately affect the automaker's third-quarter results. They're also watching for any changes or surprises in the company's warranty costs.

Ford's 2026 guidance includes adjusted earnings before interest and taxes of between $10 billion and $11 billion and adjusted free cash flow of $6 billion to $7 billion.

Original source: www.cnbc.com

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