HighGravityDataSigned in · PRO
Guidance history, every release
Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing
| Metric | Feb 5, 2025 FY24 Q4 | May 5, 2025 FY25 Q1 | Jul 30, 2025 FY25 Q2 | Oct 23, 2025 FY25 Q3 | Feb 10, 2026 FY25 Q4 | Apr 29, 2026 FY26 Q1 | Jul 28, 2026 FY26 Q2 | Oct 2, 2026 FY26 Q3 |
|---|---|---|---|---|---|---|---|---|
| For FY2029 | ||||||||
| Adjusted EBIT margin target | — | — | — | — | New“8% adjusted EBIT margin” | — | — | — |
| For FY2026 | ||||||||
| Ford Credit earnings before taxes | — | — | — | — | — | — | New“above $2.5 billion” | — |
| Adjusted EBIT | — | — | — | — | — | New“$8.5 billion to $10.5 billion” | Raised“$10.0 billion to $11.0 billion” | Reiterated“$10.0 billion to $11.0 billion” |
| Adjusted free cash flow | — | — | — | — | — | New“$5.0 billion to $6.0 billion” | Raised“$6.0 billion to $7.0 billion” | — |
| Adjusted free cash flow (Company) | — | — | — | — | New“$5.0 billion to $6.0 billion” | — | — | — |
| Capital expenditures | — | — | — | — | New“$9.5 billion to $10.5 billion” | Reiterated“$9.5 billion to $10.5 billion” | Reiterated“$9.5 billion to $10.5 billion” | — |
| Capital expenditures for Ford Energy | — | — | — | — | — | New“$1.5 billion” | — | — |
| Capital expenditures for Ford Energy ramp | — | — | — | — | New“around $1.5 billion” | — | — | — |
| Capital expenditures to begin ramping Ford Energy | — | — | — | — | New“around $1.5 billion” | — | — | — |
| Cash recovery of IEEPA reimbursement | — | — | — | — | — | — | New“approximately $500 million” | — |
| Commodity Headwinds | — | — | — | — | — | New“about $2 billion” | — | — |
| Company adjusted EBIT | — | — | — | — | New“$8.0 billion to $10.0 billion” | — | — | — |
| Ford Blue EBIT | — | — | — | — | — | New“$4.5 billion to $5.0 billion” | Raised“$5.0 billion to $5.5 billion” | — |
| Ford Credit EBT | — | — | — | — | New“about $2.5 billion” | Reiterated“about $2.5 billion” | — | — |
| Ford Model e incremental investment (UEV platform and Ford Energy) | — | — | — | — | — | — | New“about $1 billion” | — |
| Ford Model e loss | — | — | — | — | — | — | New“approximately $4.0 billion” | — |
| Ford Model e loss outlook | — | — | — | — | New“$4.0 billion to $4.5 billion” | — | — | — |
| Ford Model e losses | — | — | — | — | — | New“$4.0 billion to $4.5 billion” | — | — |
| Ford Pro EBIT | — | — | — | — | — | New“$6.5 billion to $7.5 billion” | Narrowed“$7.0 billion to $7.5 billion” | — |
| Ford Pro EBIT outlook | — | — | — | — | New“$6.5 billion to $7.5 billion” | — | — | — |
| IEEPA tariff benefit (one-time) | — | — | — | — | — | New“$1.3 billion” | — | — |
| Incremental investment in Model e (UEV platform and Ford Energy) | — | — | — | — | — | New“about $1 billion” | — | — |
| Industry Pricing | — | — | — | — | — | New“flat” | — | — |
| Investment in Universal EV and Ford Energy | — | — | — | — | — | — | New“approximately $1 billion” | — |
| Material and warranty cost reductions | — | — | — | — | — | New“$1 billion” | Reiterated“approximately $1 billion” | — |
| Mitigation of Novelis-related adjusted EBIT headwind | — | — | — | New“at least $1.0 billion” | — | — | — | — |
| Novelis recovery improvement | — | — | — | — | — | New“net $1 billion” | — | — |
| Novelis year-over-year impact | — | — | — | — | — | — | New“about $1 billion” | — |
| Regular dividend | — | — | — | — | — | — | New“15 cents per share” | — |
| Regular dividend | — | — | — | — | — | — | New“15 cents per share” | — |
| Regular dividend | — | — | — | — | — | New“15 cents per share” | — | — |
| Regular Dividend | — | — | — | — | — | New“15 cents per share” | — | — |
| Tariff Impacts (excluding IEEPA benefit and Novelis temporary costs) | — | — | — | — | — | New“about $1 billion” | — | — |
| U.S. industry net pricing | — | — | — | — | — | — | New“up about 0.5%” | — |
| U.S. SAAR | — | — | — | — | — | New“16.0 million to 16.5 million” | Reiterated“16.0 million to 16.5 million units” | — |
| For FY2025 | ||||||||
| Ford Credit earnings before taxes | New“about $2.0 billion” | — | — | — | — | — | — | — |
| Adjusted EBIT | — | New“$7 billion to $8.5 billion” | — | Lowered“$6.0 billion to $6.5 billion” | — | — | — | — |
| Adjusted EBIT | — | — | New“$6.5 billion to $7.5 billion” | — | — | — | — | — |
| Adjusted EBIT | New“roughly breakeven” | — | — | — | — | — | — | — |
| Adjusted EBIT headwind (Novelis fire) | — | — | — | New“$1.5 billion to $2 billion” | — | — | — | — |
| Adjusted free cash flow | — | — | — | New“$2.0 billion to $3.0 billion” | — | — | — | — |
| Adjusted free cash flow | — | — | New“$3.5 billion to $4.5 billion” | — | — | — | — | — |
| Adjusted free cash flow headwind (Novelis fire) | — | — | — | New“about $2 billion to $3 billion” | — | — | — | — |
| Adjusted free cash flow headwind due to Novelis fire (fourth quarter) | — | — | — | New“about $2 billion to $3 billion” | — | — | — | — |
| Capital expenditures | New“$8.0 billion to $9.0 billion” | — | Raised“about $9 billion” | Reiterated“about $9 billion” | — | — | — | — |
| Capital spending | — | — | New“about $9 billion” | Reiterated“about $9 billion” | — | — | — | — |
| Company adjusted EBIT | New“$7.0 billion to $8.5 billion” | — | — | Lowered“$6 billion to $6.5 billion” | — | — | — | — |
| Company adjusted free cash flow | New“$3.5 billion to $4.5 billion” | — | — | — | — | — | — | — |
| Expected Novelis headwind | — | — | — | New“$1.0 billion or less” | — | — | — | — |
| Ford Blue EBIT | New“$3.5 billion to $4.0 billion” | — | — | — | — | — | — | — |
| Ford Model e EBIT loss | New“$5.0 billion to $5.5 billion” | — | — | — | — | — | — | — |
| Ford Pro EBIT | New“$7.5 billion to $8.0 billion” | — | — | — | — | — | — | — |
| Net tariff-related headwind | — | — | New“about $2 billion” | — | — | — | — | — |
| Novelis-related adjusted EBIT headwind | — | — | — | New“$1.5 billion to $2.0 billion” | — | — | — | — |
| Novelis-related adjusted EBIT headwind (fourth quarter) | — | — | — | New“$1.5 billion to $2 billion” | — | — | — | — |
| Regular dividend | — | — | — | New“15 cents per share” | — | — | — | — |
| Regular dividend | — | — | New“15 cents per share” | — | — | — | — | — |
| Regular dividend | New“$0.15 per share” | — | — | — | — | — | — | — |
| Regular dividend | New“$0.15 per share” | — | — | — | — | — | — | — |
| Regular dividend per share | — | — | New“15 cents per share” | — | — | — | — | — |
| Supplemental dividend | New“$0.15 per share” | — | — | — | — | — | — | — |
| Tariff-related net adverse adjusted EBIT impact | — | New“about $1.5 billion” | — | — | — | — | — | — |
| No period stated | ||||||||
| Planned job creation to increase F-Series production volume | — | — | — | New“up to 1,000 jobs” | — | — | — | — |
Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.