Ford Set to Report Q1 Results Amid EV Pivot and Geopolitical Headwinds

Ford Motor is scheduled to announce its first-quarter earnings after Wednesday's market close, with Wall Street anticipating a strengthened financial performance compared to the previous year. According to LSEG analyst data, the automaker is expected to see a 3.7% increase in automotive revenue and a significant 35.7% jump in adjusted earnings per share from the 14 cents reported in the prior period. This report comes as the company navigates a complex transition in its electric vehicle strategy and manages external macroeconomic pressures. For context, Ford's Q1 2025 results showed automotive revenue of $37.42 billion and net income of $471 million, with total revenue reaching $40.7 billion when including its Ford Credit financing arm. Looking ahead, the company's February 2026 guidance targets an adjusted EBIT between $8 billion and $10 billion, a notable increase from the $6.8 billion recorded last year. Adjusted free cash flow is projected between $5 billion and $6 billion, while capital expenditures are expected to rise to a range of $9.5 billion to $10.5 billion. Beyond the immediate figures, the market is focused on the costs associated with Ford's strategic pullback from all-electric vehicles. The company previously announced $19.5 billion in special items starting in late 2025, including $5.5 billion in cash charges to be recorded this year. Additionally, investors are weighing the risks posed by the conflict in Iran, new tariffs, and production disruptions at aluminum supplier Novelis following two fires.