Ford Motor — Jul 28, 2026 release

Ford now expects the following for full-year 2026: • Adjusted EBIT of $10.0 billion to $11.0 billion (from $8.5 billion to $10.5 billion) • Adjusted free cash flow of $6.0 billion to $7.0 billion (from $5.0 billion to $6.0 billion), which now includes expected 2026 cash recovery of approximately $500 million of the $1.3 billion IEEPA reimbursement recorded in the first quarter • Capital expenditures of $9.5 billion to $10.5 billion, unchanged from prior guidance By segment, Ford now expects: • Ford Blue EBIT of $5.0 billion to $5.5 billion (from $4.5 billion to $5.0 billion) • Ford Pro EBIT of $7.0 billion to $7.5 billion (from $6.5 billion to $7.5 billion) • Ford Model e loss of approximately $4.0 billion (from loss of $4.0 billion to $4.5 billion); this includes about $1 billion in incremental investment for the Universal Electric Vehicle (UEV) platform and Ford Energy, mostly weighted toward the second half of the year • Ford Credit earnings before taxes above $2.5 billion (from about $2.5 billion) Key assumptions: • U.S. seasonally adjusted annual selling rate (SAAR) of 16.0 million to 16.5 million units • Full-year U.S. industry net pricing up about 0.5% • On track to deliver approximately $1 billion in material and warranty cost reductions, offset by approximately $1 billion of investment in Universal EV and Ford Energy • Novelis year-over-year impact of about $1 billion — a net EBIT tailwind heavily weighted to the second half Conference Call Details At 5 p.m. ET today, Ford and Ford Credit management will hold a conference call to discuss these financial results. The webcast will be available for replay for approximately one week following the call. Analysts will be able to ask questions on the call. Registration beforehand is strongly recommended to expedite access to the call. # # # About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities, and always-on relationships with customers to enrich exper