Earnings, excluding one-off items, declined to $0.13 per share in the December quarter from $0.39 per share in the comparable quarter of the prior year, missing estimates. On an unadjusted basis, the company reported a net loss of $11.1 billion or $2.77 per share, compared to a profit of $1.8 million or $0.45 per share in Q4 2024. At $45.9 billion, fourth-quarter revenue was down 5% year-over-year.
Jim Farley, Ford’s CEO, said, “We improved our core business and execution, made significant progress in the areas of the business we control – lowering material and warranty costs and making real progress on quality – and made difficult but critical strategic decisions that set us up for a stronger future.”
The management said it expects full-year 2026 adjusted EBIT to be in the range of $8.0 billion to $10.0 billion; adjusted free cash flow between $5.0 billion and $6.0 billion; and capital spending of $9.5-10.5 billion.