FORD MOTOR (F) Company Report

Formula 1 revenue rose 14% to $3.9 billion, with operating income up 28% to $632 million and Adjusted OIBDA up 20% to $946 million for FY 2025.
MotoGP pro forma revenue grew 14% to $573 million, operating income soared 86% to $54 million and Adjusted OIBDA climbed 15% to $201 million in 2025.
F1 fan attendance reached 6.75 million (+4%) and live viewership rose 21%; MotoGP attendance topped 3.66 million (+21%) with TV viewership up 9%.
Completed split-off of Liberty Live Holdings in December 2025 to streamline operations.

5 days ago

Press Release

Ford Motor secures majority stake in Nemaska Lithium

M&A

New Projects/Investments

Rio Tinto has acquired a 53.9% majority stake in Nemaska Lithium, with Investissement Québec retaining 46.1%, and assumed direct management of the business.
The Bécancour lithium hydroxide conversion plant is 60% complete as of end-2025, with first production targeted in 2028; Rio Tinto plans to invest $300 million in 2026 and Quebec may contribute up to $200 million.
Rio Tinto aims to produce 200,000 metric tons of lithium carbonate equivalent (LCE) annually by 2028 and expects to spend about $1 billion per year on lithium projects in Canada and Argentina over the next three years.
Following the deal, Rio Tinto shares rose 3.84% intraday in London to £73.89, remaining within 0.43% of their 52-week high of £74.21.

Feb 18, 2026, 12:57 PM

Bloomberg

Ford plans $30,000 EV pickup using gigacasting

Product Launch

New Projects/Investments

Ford unveiled a next-generation Universal Electric Vehicle (UEV) platform for a midsize electric pickup expected to start near $30,000 in 2027, led by former Tesla engineer Alan Clarke.
The design leverages gigacasting to produce large aluminum body castings, dramatically reducing parts count and vehicle weight.
Ford claims the new structure is roughly 27% lighter than the best current competitor, and aerodynamic tweaks (including a smaller mirror housing) add about 1.5 miles of range.
The UEV will feature a 400-volt LFP battery, a 48-volt electrical architecture with software-defined controls, and will be built at Ford’s Kentucky plant as part of a $5 billion strategic investment.

Feb 17, 2026, 4:05 PM

CNBC

Magna International reports Q4 2025 results and provides 2026 outlook

Earnings

Guidance Update

Share Buyback

Q4 sales rose 2% to $10.8 billion and Adjusted EBIT increased 18% to $814 million with margin up 100 bps to 7.5%.
Adjusted diluted EPS was $2.18, a 29% increase year-over-year.
Generated $2.0 billion in operating cash flow and $1.3 billion in free cash flow, and raised the quarterly dividend to $0.495 per share.
2026 Outlook: sales of $41.9–$43.5 billion, Adjusted EBIT margin 6.0–6.6%, Adjusted EPS $6.25–$7.25, capital spending $1.5–$1.6 billion, free cash flow $1.6–$1.8 billion, and intent to repurchase remaining ~22 million shares.

Feb 13, 2026, 10:00 AM

Press Release

Ford reports $11.1B Q4 loss and $4.8B EV losses

Earnings

Demand Weakening

Guidance Update

Ford posted a fourth-quarter net loss of $11.1 billion, its largest since 2008.
The company recorded $4.8 billion in EV-related losses in 2025 and forecasts $4–$4.5 billion more EV losses in 2026.
EV demand weakened, with overall EV sales down 14% and F-150 Lightning volume dropping 18.5% to 27,307 units after the federal tax credit expired.
Fourth-quarter revenue reached $45.9 billion, and full-year EBIT was $6.8 billion, narrowly below the revised $7 billion target.
Ford will pause all-electric F-150 Lightning production, shift toward hybrids and lower-cost EVs, and develop a universal EV platform aiming for break-even by 2029.

Feb 11, 2026, 7:41 PM

Fortune

Ford reports record Q4 loss and $2B tariff bill

Earnings

Guidance Update

Ford paid $2 billion in tariffs in 2025 and expects a similar hit in 2026 after a late tariff-relief change cost $900 million in savings.
The company posted a record Q4 loss of $11.1 billion, driven by a $19.5 billion EV charge and supplier-fire costs, while revenue fell about 5% to $45.9 billion.
Q4 adjusted EPS came in at $0.13 versus a $0.18 consensus, and Q4 adjusted EBIT was roughly $1 billion.
Ford projects $8–10 billion in adjusted EBIT for 2026 and said 2025 adjusted EBIT would have been about $7.7 billion absent the tariff-relief change.

Feb 10, 2026, 10:14 PM

WSJ

Ford Motor reports Q4 2025 results

Earnings

Guidance Update

New Projects/Investments

Revenue of $187 billion and $6.8 billion adjusted EBIT in 2025, despite a $4 billion combined tariff and Novelis headwind, driving 42% TSR and 13.2% U.S. market share.
Ford Pro generated $66 billion revenue and $6.8 billion EBIT with double-digit margins, while Model E losses narrowed to $4.8 billion amid 73% EV revenue growth, targeting break-even by 2029.
For 2026, Ford guides to $8 billion–$10 billion adjusted EBIT, $5 billion–$6 billion free cash flow, and $9.5 billion–$10.5 billion capex (including $1.5 billion for Ford Energy), aiming for an 8% EBIT margin by 2029.
Pivoting EV strategy to affordable, high-volume vehicles with a Universal EV Platform launching in 2027, investing heavily in Ford Energy, and bringing electrical architecture in-house to lower costs and expand services.

Feb 10, 2026, 10:00 PM

Transcript

Ford reports Q4 2025 earnings

Earnings

Guidance Update

New Projects/Investments

Ford closed 2025 with $187 billion in revenue, $6.8 billion adjusted EBIT, U.S. share at 13.2%, and 42% TSR.
For 2026, Ford guides to $8–$10 billion adjusted EBIT, $5–$6 billion free cash flow, and $9.5–$10.5 billion CapEx, including $1.5 billion for Ford Energy.
Ford Pro is forecast to deliver $6.5–$7.5 billion EBIT in 2026 with software & services contributing 19% of segment EBIT, while Ford Credit posted $2.6 billion EBT in 2025 and received industrial bank approval.
Model E is expected to incur $4–$4.5 billion losses in 2026, driven by Gen 1 cost savings and Gen 2 launch investments in LFP batteries and the Universal EV Platform, targeting break-even by 2029.
The Ford Plus strategy advances via a cost-efficient Universal EV Platform for high-volume EVs, strategic partnerships with CATL and Renault, and in-house electrical architecture to enhance future profitability.

Feb 10, 2026, 10:00 PM

Transcript

Ford Motor reports Q4 2025 results and 2026 outlook

Earnings

Guidance Update

Ford’s top line grew for a fifth straight year, ending 2025 with $3.5 billion in free cash flow, $29 billion in cash and nearly $50 billion in total liquidity, while U.S. inventory fell 16% to 56 days of supply.
In 2025 Ford Pro generated $66 billion in revenue and $6.8 billion in EBIT, Ford Blue delivered $3 billion in EBIT, Model E revenue and volume rose 73% and 69% respectively with a $4.8 billion loss, and Ford Credit posted $2.6 billion in EBT.
The 2026 outlook includes $8–10 billion in adjusted EBIT, $5–6 billion in free cash flow, and $9.5–10.5 billion in capex (including $1.5 billion for Ford Energy); segment targets are Pro EBIT of $6.5–7.5 billion, Model E losses of $4–4.5 billion, Blue EBIT of $4–4.5 billion, and Credit EBT of ~$2.5 billion.
Strategic priorities emphasize the Universal EV Platform (launching midsize pickup in 2027), scaling Ford Energy, in-house electrical architecture, and partnerships with CATL and Renault, while leveraging off-road/Raptor trims (>20% of U.S. mix) and a sixth consecutive North America Truck of the Year win.

Feb 10, 2026, 10:00 PM

Transcript

Ford reports Q4 2025 results

Earnings

Guidance Update

Fourth-quarter revenue was $45.9 billion (down 5%) and full-year revenue was $187.3 billion (up 1%).
The company posted a fourth-quarter net loss of $11.1 billion with adjusted EBIT of $1.0 billion, and a full-year net loss of $8.2 billion with adjusted EBIT of $6.8 billion.
Fourth-quarter operating cash flow was $3.9 billion with adjusted free cash flow of –$2.1 billion; full-year operating cash flow was $21.3 billion with adjusted free cash flow of $3.5 billion.
2026 guidance includes $8.0 billion to $10.0 billion of adjusted EBIT, $5.0 billion to $6.0 billion of adjusted free cash flow, and $9.5 billion to $10.5 billion of capital spending.