Ford Motor (NYSE:F) The surprise: Wall Street expected Ford’s Q2 2026 earnings to fall about 5% year over year.
Ford instead posted an increase
The stock jumped more than 6% after the report. The quarter’s story was Ford making more money on fewer sales. Wholesale volumes dropped 12% year over year, but revenue fell just 4%, because Ford sold a richer mix of high-margin trucks, off-roaders, and hybrids.
Adjusted EBIT rose 17% year over year. Ford raised full-year 2026 adjusted EBIT guidance, the second raise this year. Bull case: The real reason to own Ford is Ford Pro, its commercial fleet business, and it’s the strongest asset any legacy automaker has.