Overview
- Ford reported second‑quarter adjusted EBIT of about $2.5 billion on Tuesday and beat analysts on adjusted EPS.
- The company raised full‑year adjusted EBIT guidance to $10.0 billion to $11.0 billion and lifted adjusted free cash flow guidance to $6.0 billion to $7.0 billion.
- Model e posted a $919 million Q2 loss with wholesales down roughly 53% to 28,000 units and revenue falling about 56%, and Ford still expects Model e to lose about $4.0 billion for 2026.
- Analysts including Jefferies upgraded Ford and General Motors and pushed up price targets, sending Ford shares higher as brokers cited improved pricing, lower warranty costs and recovering supply.
- Normalization of aluminum supply after Novelis restarted its New York plant and stronger truck mix are driving the near‑term recovery and could free cash for buybacks, energy‑storage investment and the next‑generation EV platform.