Ford Motor is scheduled to publish its first-quarter financial results after markets close on Wednesday. Analysts polled by Wall Street anticipate adjusted earnings per share of $0.19 on automotive revenue of $38.53 billion.
Those consensus estimates imply an automotive revenue increase of roughly 3.7% compared with the same quarter last year and a 35.7% rise in adjusted earnings per share from the 14 cents Ford reported in the prior-year period.
For context, Ford's first quarter of 2025 results showed automotive revenue of $37.42 billion, adjusted earnings before interest and taxes of $1.02 billion, and net income of $471 million. Including the Ford Credit financing unit, total revenue in that quarter amounted to $40.7 billion.
Beyond the headline quarterly numbers, investors are expected to focus on whether Ford provides any revisions or commentary on its 2026 guidance. Market participants will also be watching a set of external factors cited by the company that could influence operations and results.
Among those items are the economic and logistical implications of the Iran war, the effects of tariffs, and developments at Novelis, a major aluminum supplier to Ford that has experienced two fires. Each of those factors could affect production, input costs, or the availability of key materials used across Ford's vehicle lineup.
Analysts and shareholders will therefore be parsing the earnings release and any accompanying management commentary for signs of how these risks are being managed, whether there are adjustments to margin expectations, and the degree to which financing results from Ford Credit are contributing to total revenue.
The quarterly report and subsequent investor commentary will likely set the tone for how the market evaluates Ford's near-term prospects amid the combination of modest revenue growth expectations, an anticipated improvement in adjusted EPS, and several external uncertainties.
Key points
- Analysts expect adjusted EPS of $0.19 and automotive revenue of $38.53 billion for Q1 - figures that imply a 3.7% rise in automotive revenue and a 35.7% increase in adjusted EPS versus the prior year. (Impacted sectors: Automotive, Financials)
- Ford's Q1 2025 reference results include $37.42 billion in automotive revenue, $1.02 billion in adjusted EBIT, $471 million in net income, and $40.7 billion in total revenue including Ford Credit. (Impacted sectors: Automotive, Lender/Financing)
- Investors will watch for any updates to 2026 guidance and management commentary addressing supply and cost pressures. (Impacted sectors: Automotive, Materials/Suppliers)
Risks and uncertainties
- Geopolitical risk tied to the Iran war could affect operations or costs - a factor with potential implications for the automotive sector and global supply chains.
- Tariff effects remain an uncertainty that could influence input costs and pricing strategies, affecting automakers and suppliers.
- Production concerns at Novelis following two fires could disrupt aluminum supply, with downstream impacts for vehicle production and suppliers in the materials sector.