Ford Motor Company (F) reported fourth-quarter earnings amid the company’s pivot to offering a higher mix of hybrid offerings and concentrating North American EV development on a low-cost, flexible “Universal EV Platform.”
Revenue was down 5% during the quarter to $45.9B, while the automaker swung to a net income loss of $11.1B vs. a $1.8B profit a year ago. Adjusted earnings before interest and taxes (EBIT) was $1.0B. The Q4 non-GAAP EPS tally of $0.39 beat the consensus estimate by $0.20.
The Ford Pro segment recorded EBIT of $1.23B to offset the $1.22B EBIT loss in the Ford Model e segment, while Ford Blue segment EBIT narrowed to $727M from $1.58B a year ago.
For full-year 2026, Ford (F) anticipates company adjusted EBIT of $8.0B to $10.0B; adjusted free cash flow of $5.0B to $6.0B; and capital expenditures of $9.5B to $10.5B, including around $1.5B to begin ramping up Ford Energy. At the segment level, the EBIT outlook for Ford Pro is $6.5B to $7.5B and for Ford Blue is $4.0B to $4.5B. An EBIT loss of $4.0B to $4.5B is anticipated for Ford Model e. Ford Credit EBT is expected to be about $2.5B.
“Ford delivered a strong 2025 in a dynamic and often volatile environment,” highlighted CEO Jim Farley. “We improved our core business and execution, made significant progress in the areas of the business we control—lowering material and warranty costs and making real progress on quality—and made difficult but critical strategic decisions that set us up for a stronger future. Moving forward, we’ll continue building on our strong foundation to achieve our target of an 8% adjusted EBIT margin by 2029,” he added.
Shares of Ford (F) pushed 0.6% higher in postmarket trading.