Ford reported a strong first quarter with increased revenue and significantly improved profitability, driven by a one-time tariff benefit, strong product mix, and growth in software and services. The company raised its full-year guidance, reflecting positive momentum from the Ford+ plan and confidence in its path to higher margins.
Revenue increased 6% year-over-year to $43.3 billion.
positiveNet income surged to $2.5 billion, a significant increase from $0.5 billion in the prior year.
positiveAdjusted EBIT increased to $3.5 billion from $1.0 billion in the prior year, with Adjusted EBIT Margin improving to 8.1% from 2.5%.
positiveFull-year adjusted EBIT guidance was raised to $8.5 billion - $10.5 billion from $8.0 billion - $10.0 billion.
positiveFord Pro segment EBIT increased to $1.7 billion on $14.7 billion in revenue, with software subscriptions growing 30% year-over-year.
positiveFord Blue segment revenue grew 14% to $23.9 billion, with strong performance from F-Series, Bronco, Explorer, and Expedition.
positiveFord declared a second-quarter regular dividend of 15 cents per share.
positiveOperating cash flow decreased significantly to $1.3 billion from $3.7 billion in the prior year.
negativeAdjusted free cash flow was a use of $1.9 billion, compared to a use of $1.5 billion in the prior year.
negativeWholesale units decreased 4% year-over-year.
negativeFord Model e segment reported an EBIT loss of $777 million, although this is an improvement from the prior year's loss.
attentionFord Pro segment wholesales decreased 10% year-over-year.
attentionInventories increased to $16.5 billion from $15.3 billion at the end of the prior year.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Ford Blue Segment | N/A | — | — | — |
Ford Model e Segment | N/A | — | — | — |
Ford Pro Segment | N/A | — | — | — |
Ford Credit | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Our strong first-quarter results and raised full-year guidance reflect the momentum of the Ford+ plan.
We built the foundation for a more modern, resilient Ford, improving cost and quality and building our world-class team.
The path to higher margins is clear, and the first-quarter demonstrates those building blocks in action.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.