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Ford raises 2026 guidance as $1.3 billion tariff refund assists in offsetting higher costs
Ford said strong pricing and a tariff refund helped lift first-quarter profit, while EV losses and higher commodity costs still weigh on results.
- On Wednesday, Ford Motor lifted its annual earnings guidance by $500 million, aided by significant tariff refunds but tempered by rising materials costs as it sources aluminum for its F-150 pickup trucks.
- A February Supreme Court ruling struck down Trump administration tariffs, providing $1.3 billion in relief to Ford; however, the automaker now faces net tariff costs of $1 billion for the year.
- F-Series production fell 12% year-over-year in the first quarter after aluminum supplier Novelis suffered two fires in 2025, with inventory of the F-150 dropping 38% in April over the prior year.
- Michigan-Based Ford recorded a $2.5 billion net profit for the first quarter, with adjusted earnings per share reaching 66 cents, far surpassing Wall Street's expectations of 19 cents.
- Investors continue monitoring Ford's pullback in all-electric vehicles and production challenges, particularly as the company works to secure aluminum supplies for its lucrative F-150 trucks amid ongoing supply disruptions.
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Ford Shares Slide as Outlook Boost Leaves Investors Underwhelmed
(Bloomberg) — Ford Motor Co. warned of pressure from an unexpected rise in commodity costs, spooking investors even as the automaker raised its full-year profit outlook on demand for high-margin pickups and SUVs.
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Coverage Details
Total News Sources61
Leaning Left10Leaning Right9Center24Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 23%
C 56%
R 21%
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