FORD MOTOR (F) Company Report

EBITDA rose 7% to $135.7 m, and the margin expanded to 13%, while revenue declined 3% to $1,018.8 m.
Adjusted diluted EPS increased 9% to 34.1 cents, and free cash flow reached $96.6 m, a 71% conversion of EBITDA.
Final dividend of 6.8 cents declared, lifting total dividends by 13% to 13.0 cents per share, payable 8 May 2026.
2026 EBITDA guidance maintained at $145–155 m, targeting at least 50% free cash flow conversion.

5 days ago

Press Release

Ford reports February U.S. sales decline

Demand Weakening

New Projects/Investments

Ford’s U.S. February sales fell 5.5% year-over-year to 149,962 vehicles, with a 5.4% year-to-date drop.
Electrified models saw steep losses: EV sales plunged roughly 70% to about 2,122 units, hybrids fell 22%, and the F-150 Lightning dropped 76% with just 522 vehicles sold.
Demand concentrated on larger gasoline-powered models, with the Explorer, Bronco and Expedition up by double digits and Mustang sales rising sharply, even as overall F-Series volumes declined.
In December, Ford took a $19.5 billion charge after killing several electric models but reaffirmed its Universal EV Platform and plans for a $30,000 midsize EV pickup by 2027, including a $2 billion retooling.

6 days ago

WSJ

Liberty Media reports Q4 and full-year 2025 results

Earnings

New Projects/Investments

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.

Feb 26, 2026, 1:30 PM

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.