US automaker Ford Motor lifts full-year 2026 profit forecast despite quarterly revenue decline and higher net loss.
Second quarter revenue was $48.29bn, down from $50.18bn in the same period a year earlier
The company said the decline was due to lower wholesale volumes, driven by discontinued products, aluminium supply shortages and a planned reduction in first-generation electric vehicle output to match demand. It said a stronger sales mix partly offset the fall. Wholesale unit sales were 1.039 million, down 12% year-on-year (YoY).
Ford reported a net loss of $1.32bn for the quarter, compared with a $29m loss in the same period last year. The result included $4.2bn in pre-tax special charges, comprising $3.6bn related to the previously disclosed exit from the BlueOval SK battery joint venture and $0.5bn connected to electric vehicle programme cancellations announced in December 2025. Adjusted earnings before interest and tax (EBIT) increased by $0.4bn YoY to $2.5bn.