Ford Motor Co. in Dearborn reported first-quarter 2026 revenue of $43.3 billion, which is a 6 percent increase over 2025 figures. The result caused the automaker to revise its full-year expectation to $8.5 billion-$10.5 billion from $8 billion to $10 billion.
Net income during the first three months of 2026 was $2.5 billion and adjusted earnings before interest and taxes was $3.5 billion. Results include a $1.3 billion one-time IEEPA tariff benefit reflecting amounts Ford paid between March 2025 and February 2026, primarily benefiting the Ford Blue and Ford Pro segments.
“Our strong first-quarter results and raised full-year guidance reflect the momentum of the Ford+ plan,” says Jim Farley, president and CEO of Ford. “We built the foundation for a more modern, resilient Ford, improving cost and quality and building our world-class team.
“We are well-prepared to deliver for our customers and shareholders as we enter one of the most intensive product, software, and physical services rollouts in our history.”
Results of Ford’s individual business units includes:
- Ford Pro generated $1.7 billion in EBIT on $14.7 billion in revenue, while its paid software subscriptions grew 30 percent year-over-year to 879,000.
- Ford Blue reported $1.9 billion in EBIT on $23.9 billion in revenue, led by the continued strength of F-Series, Bronco, and double-digit growth in Explorer and Expedition sales. Off-road performance trims now account for nearly a quarter of U.S. sales.
- Ford Model e reported a first-quarter EBIT loss of $777 million as the segment continues to optimize first-generation vehicles for profitability while preparing to launch affordable, highly scalable electric vehicles on the new UEV platform and ramp Ford Energy.
- Ford Credit reported first-quarter earnings before taxes of $783 million, up $203 million compared to a year ago, reflecting healthy financing margins and a high-quality book of business.
“The path to higher margins is clear, and the first quarter demonstrates those building blocks in action,” says Sherry House, CFO of Ford. “The strength in the quarter reflects strong execution in our profit pillars, and we remain on track to deliver our full-year cost reductions.
“When combined with accretive recurring revenue from software and physical services and decisive actions to improve our EV performance, we are driving a fundamentally more profitable business, allocating capital with extreme discipline, protecting our balance sheet, and positioning Ford to deliver consistently higher returns.”
House further explained that the company is on track to recover profits from the Novelis aluminum rolling and recycling company in Novi in the second half of the year.
The automaker also reported operating cash flow was $1.3 billion and adjusted free cash flow was a use of $1.9 billion in the quarter. At the end of the quarter, Ford had $22.0 billion in cash (after the repayment of the company’s convertible debt, which was not refinanced) and $43.1 billion in liquidity.
The company renewed its $18 billion corporate credit facilities earlier this month. On April 28, the company also declared a second-quarter regular dividend of 15 cents per share, payable on June 1 to shareholders of record on May 12.
