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21:00
Jul 28 ◎

F FY2026 Q2 Watch

Ford Motor Company (F) FY2026 Q2 Earnings Call

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Jim Farley

This is an error; correct entity is JD Power. Ford ranked #1 in J.D. Power's 2026 initial quality study, beating mainstream competitors.

"So I would say we're kind of in the third inning of selling out the 2028 capacity of 20 gigawatt hours."

JEF WATCH

Jim Farley

Apple Maps integration on all UEV vehicles indicates a deeper partnership, potentially expanding to other Ford models.

"In fact, we just announced Apple last week, as you know, will be the embedded map provider for every UEV platform vehicle."

AAPL WATCH

Jim Farley

Partnership with Geely in Europe aims to improve capital efficiency and speed for Ford's European operations.

"In Europe, as you saw last week, we announced our agreement with Geely, which will bring speed and capital efficiency to our European operations."

GELYF WATCH

Maria Richardone

New Ford IR head came from Lockheed Martin, not a direct business relationship.

"I most recently came from Lockheed Martin, where I was treasurer and head of investor relations."

LMT WATCH

Jim Farley

Ford positions its UEV product against Toyota RAV4, highlighting superior cabin space and a truck bed.

"It starts around $30,000. It has more cabin room than the Toyota RAV4, plus it has a pickup truck bed."

TM WATCH

Jim Farley

Ford ranked #1 in J.D. Power's 2026 initial quality study, indicating a strong reputation for quality.

"In our home market, Ford finished number one among all mainstream brands, J.D. Power's 2026 initial quality study."

JDP WATCH

Sherry House

Ford raised FY2026 EBIT guidance by $1B at the midpoint, indicating improving profitability and strong pricing/mix.

"Our second quarter results demonstrate our resiliency and intentional actions to drive profitability."

F WATCH

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21:00
Apr 29 ◎

F FY2026 Q1 Watch

Ford Motor Company (F) FY2026 Q1 Earnings Call

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Jim Farley

Ford plans to leverage Renault's cost-competitive EV platforms for its European passenger car lineup, signaling a deepening partnership that could benefit Renault's platform volumes and utilization.

"we intend to take advantage of that as Europe continues to electrify amidst the Chinese competition on passenger cars."

RNLSY WATCH

Jim Farley

Ford reiterates its successful commercial vehicle partnership with Volkswagen, which continues to be a source of scale and cost advantages in Europe.

"we have a very successful relationship, as you know, with Volkswagen, both on the pickup and the van side."

VWAPY WATCH

Jim Farley

Ford cites its top-4 ranking in J.D. Power's customer service index as evidence of quality improvements, a positive signal for brand perception and future retention.

"J.D. Powers recently ranked Ford number four in the 2026 U.S. Customer Service Index, our best performance in 30 years."

JDP WATCH

Jim Farley

Ford is actively contracting customers for its Ford Energy business (BESS) ahead of Q4 2027 launch, with 20GWh capacity planned, signaling a new revenue stream and competition for established energy storage players. — New BESS capacity from Ford could disrupt the energy storage market, competing directly with Tesla's Megapack and other established players.

"the EV market is moving even closer to the UEV platform. There's really not much choice on a fully specced, highly capable technological vehicle platform that's really affordable."

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Sherry House

Ford expects second-half 2026 Novellus aluminum recovery to bring 150,000 units of lost production back, but the cost to secure alternative aluminum is $1.5-2.0B, with Q1 costs at ~$300M. — The aluminum supply shortage and alternative sourcing costs highlight structural tightness in the aluminum supply chain, potentially supporting aluminum prices and benefiting producers.

"we continue with respect to Novellus to expect a total cost of between $1.5 to $2 billion. We're tracking on target with respect to that."

AA WATCH CENX WATCH

Sherry House

Ford sees paid software subscriptions growing 30% YoY, with high-margin software and physical services revenue expected to grow ~8% annually, but the 'other' EBIT line item of $900M includes software/services strength. — Ford's growth in fleet software and services signals that traditional OEMs are competing more aggressively with tech companies in the commercial fleet management space.

"that's really related to services, both physical and software. So that's where that's showing up."

MSFT WATCH GOOGL WATCH

Sherry House

Management raised full-year 2026 adjusted EBIT guidance despite significant commodity headwinds, driven by stronger Q1 performance, better pricing, and growth in high-margin software and services. The tone is cautiously optimistic despite acknowledged volatility.

"we're raising our full-year adjusted EBIT guidance to between $8.5 and $10.5 billion."

F WATCH

HIGH

22:00
Feb 10 ◎

F FY2025 Q4 Watch

Ford Motor Company (F) FY2025 Q4 Earnings Call

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Jim Farley

Ford views Tesla's profitability in the sub-$35,000 EV market as proof of concept for its own UEV strategy.

"Tesla's shown that we can make money in that market even without subsidy from the government at the right cost level."

TSLA WATCH

Sherry Howe

Ford expects to incur $1.5-2 billion of temporary costs (including tariffs and premium freight) to ensure aluminum supply continuity until the Novelis hot mill restarts between May and September, impacting 2026 EBIT and free cash flow. — Ford's temporary premium freight costs and aluminum supply de-risking could signal tightness in the aluminum supply chain, benefiting primary aluminum producers.

"That includes $1.5 to $2 billion of temporary costs, including tariffs, to ensure continuity in aluminum supply. These costs are not expected to be repeated in 2027."

AA WATCH

Sherry Howe

Ford guides to a $8-10B EBIT for 2026, reflecting positive market mix, improved costs, and regulatory benefits, despite significant temporary costs from the Novelis supply disruption.

"For the full year, we expect company adjusted EBIT of $8 billion to $10 billion, adjusted free cash flow of $5 billion to $6 billion."

F WATCH

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