DETROIT, Feb 11, 2026, 07:41 (EST)
- Ford reported a $11.1 billion net loss in the fourth quarter, falling short of earnings expectations.
- The automaker maintained its 2026 adjusted profit forecast between $8 billion and $10 billion.
- Ford’s results took a hit from tariffs and an aluminum supply disruption as it reshapes its EV strategy.
Ford Motor reported a $11.1 billion net loss for the fourth quarter, falling short of Wall Street profit expectations. Still, the company assured investors it anticipates a profit rebound this year.
Ford’s 2026 forecast arrives amid a tricky period for Detroit’s automakers, who are grappling with tariff hikes, unpredictable EV demand, and a new wave of investments to launch fresh models. The company is counting heavily on its breadwinners — trucks and commercial vehicles — to keep driving revenue.
Ford is aiming to prove that a revamped EV strategy can halt its cash burn without falling behind global competitors who push faster and offer cheaper vehicles.
CEO Jim Farley pointed to higher costs from a fire at an aluminum supplier and less U.S. tariff relief on imported auto parts as key factors weighing on results. CFO Sherry House estimated the late-year tariff change added about $900 million in expenses. Ford anticipates around $2 billion in tariff-related costs for 2026, largely linked to aluminum sourcing for the F-150. The damaged plant near Oswego, New York, might remain partially offline until May or even September. Farley told analysts the company is targeting a roughly $30,000 EV platform, including an electric pickup set for next year, stating: “I do believe this is the right allocation of capital.” (Reuters)
Ford reported a 5% drop in fourth-quarter revenue, landing at $45.9 billion, with adjusted earnings of 13 cents per share—figures that exclude special items. The automaker expects adjusted EBIT in 2026 to range between $8.0 billion and $10.0 billion. Adjusted free cash flow, which is the cash remaining after capital expenditures, is forecasted at $5.0 billion to $6.0 billion. “Ford delivered a strong 2025,” Farley remarked. House added that a “disciplined approach to capital efficiency will drive even stronger results in 2026 and beyond.” (Q4Cdn)
Ford reported record revenue of $187.3 billion for full-year 2025, yet it still took an $8.2 billion net loss after special items. Operating cash flow hit $21.3 billion, with adjusted free cash flow coming in at $3.5 billion for the year.
Ford Pro, the company’s commercial arm, pulled in $6.8 billion in full-year EBIT on over $66 billion in revenue. The Model e EV segment, however, took a $4.8 billion hit. Ford Blue, responsible for gas and hybrid vehicles, brought in $3.0 billion, while Ford Credit recorded $2.6 billion in earnings before taxes.
House told reporters the White House notified Ford on Dec. 23 that the tariff relief would be retroactive only to November, not May—hitting the company with an unexpected $900 million bill. (Bloomberg)
Car manufacturers across the board are reevaluating their EV investment strategies. General Motors and Stellantis have both reported significant EV-related charges while recalibrating their production and budgets.
Piper Sandler analyst Alexander Potter estimates that addressing warranty and quality issues might unlock “up to $2.8B in ‘free’ incremental EBIT” by 2025, boosting profits alongside Ford Pro’s already high-margin projects. (Investing.com Australia)
Ford still faces plenty of risks. Tariff policies might flip again, the aluminum supply chain could stay disrupted longer than planned, and the automaker expects another tough year of losses in its EV segment. Recalls and warranty expenses continue to sting, and even a small slip in truck pricing would quickly erode profits.
