Ford Motor will announce third-quarter results after markets close Wednesday, with investors focused on how a September supplier disruption to F-150 production affected the automaker's performance. Analysts surveyed by LSEG expect adjusted earnings per share of 40 cents and automotive revenue of $46.24 billion.
Those estimates would mark a 2 percent decline in revenue and a roughly 11 percent drop in adjusted earnings per share from a year earlier. In the third quarter of 2025, Ford reported automotive revenue of $47.19 billion, net income of $2.4 billion and adjusted earnings per share of 45 cents.
A main focus for investors will be Ford's F-Series pickup trucks, including the crucial F-150. The automaker has been recovering from supplier issues that affected truck production for much of the past year, but it experienced a disruption in F-150 manufacturing due to a separate, unrelated supplier problem toward the end of September. Ford reported F-150 production declined from more than 57,500 units in August to less than 43,000 in September.
The company said the disruption is "containable within" its existing 2026 adjusted earnings guidance. Wall Street analysts generally expect Ford to maintain its 2026 outlook, but they differ on how the F-150 production disruption will ultimately affect the third-quarter results. They are also watching for any changes or surprises in warranty costs.
Ford's 2026 guidance includes adjusted earnings before interest and taxes of between $10 billion and $11 billion and adjusted free cash flow of $6 billion to $7 billion.
Analysis
Why This Matters
- Ford's F-150 is a crucial profit driver, so any production disruption can weigh on results and dealer supply.
- The report will test whether Ford can hold its 2026 financial guidance after the September supplier problem.
- Warranty costs remain a swing factor for the automaker's margins.
Background
Ford's F-Series line, led by the F-150 pickup, is a major source of revenue and profit for the automaker. The company spent much of the past year recovering from supplier issues that slowed truck production. A separate, unrelated supplier problem disrupted F-150 manufacturing late in September, cutting output from more than 57,500 units in August to less than 43,000 in September.
Key Perspectives
Ford: says the September F-150 production disruption is "containable within" its existing 2026 adjusted earnings guidance.
Wall Street analysts: generally expect Ford to maintain its 2026 outlook, but differ on how the F-150 production disruption will affect the automaker's third-quarter results.
What to Watch
- Whether Ford reaffirms its 2026 guidance for adjusted earnings before interest and taxes of $10 billion to $11 billion and adjusted free cash flow of $6 billion to $7 billion.
- The company's comments on F-150 production recovery and any further supplier problems.
- Any changes or surprises in warranty costs when the results are released.
Checked
12 claims in this story checked against 1 source: 12 supported.
Show each claim
- SupportedFord is set to announce third-quarter earnings after markets close Wednesday.Business News: “Ford Motor is set to announce third-quarter earnings after the markets close Wednesday.”
- SupportedThe F-150 production disruption is a focus for investors.Business News: “A main focus for investors will be Ford's F-Series pickup trucks, including its crucial F-150. ... they differ on how the F-150 production disruption will ultimately affect the automaker's third-quarter results.”
- SupportedLSEG-surveyed analysts expect adjusted earnings per share of 40 cents.Business News: “Earnings per share: 40 cents adjusted, estimated”
- SupportedLSEG-surveyed analysts expect automotive revenue of $46.24 billion.Business News: “Automotive revenue: $46.24 billion estimated”
- SupportedThe estimates would represent a 2% year-over-year revenue decline.Business News: “Those results would mark a 2% decline in revenue compared with a year earlier”
- SupportedThe estimates would represent roughly an 11% year-over-year decline in adjusted earnings per share.Business News: “and a roughly 11% decrease in adjusted earnings per share.”
- SupportedFord reported third-quarter 2025 automotive revenue of $47.19 billion.Business News: “Ford's 2025 third-quarter results included $47.19 billion in automotive revenue”
- SupportedFord's adjusted earnings per share in the third quarter of 2025 were 45 cents.Business News: “earnings per share of 45 cents adjusted.”
- SupportedFord reported F-150 production fell from more than 57,500 units in August to less than 43,000 in September.Business News: “Ford reported production of the F-150 declined from more than 57,500 units in August to less than 43,000 in September.”
- SupportedFord said the disruption is “containable within” its existing 2026 adjusted earnings guidance.Business News: “The automaker said the disruption is "containable within" its existing 2026 adjusted earnings guidance.”
- SupportedWall Street analysts generally expect Ford to maintain its 2026 outlook.Business News: “Wall Street analysts generally expect Ford to maintain its 2026 outlook”
- SupportedFord's 2026 guidance includes adjusted earnings before interest and taxes of $10 billion to $11 billion and adjusted free cash flow of $6 billion to $7 billion.Business News: “Ford's 2026 guidance includes adjusted earnings before interest and taxes of between $10 billion and $11 billion and adjusted free cash flow of $6 billion to $7 billion.”
