Ford Shares Rise After Hours On 2026 Guidance That Helped Offset Pessimism Around Disappointing Q4 Earnings

• The company now expects a full year 2026 adjusted earnings before interest and taxes of $8.0 billion to $10.0 billion.
• A majority of the EBIT would be brought in by the company’s segment dedicated to commercial customers and partially offset by losses in the electric vehicle segment called Model e.
• Model e is expected to incur losses of $4 billion to $4.5 billion in 2026.

Shares of Ford Motor Co. (F) edged up after hours on Tuesday after the automaker guided core profit for 2026 within Wall Street estimates despite its fourth-quarter (Q4) earnings trailing Wall Street expectations.

The company now expects a full year 2026 adjusted earnings before interest and taxes (EBIT) of $8.0 billion to $10.0 billion, in line with an analyst estimate of $9.07 billion, and above the $6.8 billion recorded last year.

A majority of this would be brought in by the company’s segment dedicated to commercial customers and partially offset by losses in the electric vehicle segment called Model e, it said.

The Redeeming Outlook

The company said adjusted EBIT from its commercial vehicle segment is expected to be between $6.5 billion to $7.5 billion, while EBIT from the company’s hybrid and gas vehicle segment is estimated to be $4 billion to $4.5 billion.

Model e, however, is expected to incur losses of $4 billion to $4.5 billion in 2026.

The company also guided to 2026 capital expenditures of $9.5 billion to $10.5 billion, up from $8.8 billion in 2025, and free cash flow of between $5 billion and $6 billion for the full year.

Q4 Earnings

The carmaker reported disappointing Q4 adjusted earnings per share of $0.13, significantly below the $0.39 reported in the corresponding quarter of 2024, and lower than an analyst estimate of $0.19, according to data from Fiscal AI.

Ford said that the lower earnings were impacted by the fires at a Novelis aluminum supplier plant last year which impacted the company’s F-series truck production. The factory impacted by the fire is expected to be fully operational towards mid-2026.

The company also flagged tariff impact, which is expected to be $2 billion in 2026, and pricing pressure on EVs among factors impacting earnings.

Revenue for the three months through the end of December, meanwhile, came in at $45.9 billion, above an expected $41.87 billion.

Ford’s EV Pullback

Ford incurred $15.5 billion in special charges during Q4, largely related to its EV strategy realignment in light of slowing EV demand and weakening administrative support for electric propulsion. 

The company now expects to incur special charges of $7 billion in 2026 and 2027 related to its updated EV strategy.

How Did Stocktwits Users React?

On Stocktwits, retail sentiment around F stock increased from ‘bearish’ to ‘extremely bullish’ over the past 24 hours while message volume rose from ‘low’ to ‘extremely high’ levels.

F stock has gained 47% over the past 12 months. 

Read More: Tesla Semi Has A Starting Price Of $260,000 — Higher Than Put Forth In 2017 But Below Industry Standards: Report

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