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F · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue fell 3.8% y/y to $48.30B, operating margin 1.3% vs 1.0%, net loss $1.33B (vs net loss $36M a year earlier).
All figures in $M.
| Line item | Amount and change |
|---|---|
| Total revenues | $48,296 · −3.8% |
| Other income/(loss), net | $449 · −22.2% |
| Income Tax Benefit | $711 · +24.7% |
| Net income/(loss) attributable to Ford Motor Company | $1,327 · ×37 |
| Cost of sales | $42,216 · −4.6% |
| Selling, administrative, and other expenses | $2,684 · −0.8% |
| Ford Credit interest, operating, and other expenses | $2,758 · +1.3% |
| Interest expense on Company debt excluding Ford Credit | $357 · +20.2% |
| Equity in net income/(loss) of affiliated companies | $2,763 · +1005% |
| Less: Income/(Loss) attributable to noncontrolling interests | $5 · −28.6% |
Verdict: revenue fell 3.8% y/y to $48.30B, operating margin 1.3% vs 1.0%, net loss $1.33B (vs net loss $36M a year earlier).
Source and notation
Source: Ford Motor press release, 8-K EX-99.1 of 07/28/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against the company's 10-Q.
Open as an image: F, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “F Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/f/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/f/q2-2026"><img src="https://whoreportstoday.com/t/f/q2-2026/sankey.png" alt="F Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/f/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
https://whoreportstoday.com/t/f/q2-2026/sankey.png
<a href="https://whoreportstoday.com/t/f/q2-2026">F Q2 2026 earnings chart (Who Reports Today)</a>
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- Operating income was $638M, a 1.3% margin vs 1.0% a year earlier.
- The effective tax rate was 35.0% vs 105.4% a year earlier.
- Diluted EPS was −$0.33 vs −$0.01 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
F — an automaker that designs, builds and sells Ford trucks, SUVs, commercial vans and cars and Lincoln luxury vehicles, along with parts, connected services and vehicle financing.
It reports four segments: Ford Blue for gas and hybrid vehicles, Ford Model e for electric vehicles and software, Ford Pro for commercial customers, and Ford Credit, its auto finance arm. · Source: annual report (Form 10-K, SEC)
Heads-up
- a net loss in Q2 2026 ($1,327 · ×37)
- revenue fell 4% y/y in Q2 2026
Net loss for Q2 2026: $1,327M. In the report's figures: costs grew faster than revenue: equity in net income/(loss) of affiliated companies +1005% y/y, interest expense on company debt excluding ford credit +20% y/y. Based on the Q2 2026 report.
The company's report ↗Revenue for Q2 2026: $48,296M, −4% y/y. In the report's figures: segments down: Other income/(loss), net −22% y/y. Based on the Q2 2026 report.
The company's report ↗More reports: GM · Q3 2026 · GPC · Q3 2026 · GRMN · Q3 2026 · HAS · Q3 2026 · HD · Q2 FY2026 · HLT · Q3 2026 · LEN · Q3 FY2026 · LOW · Q2 2026 · LULU · Q2 FY2026 · LVS · Q3 2026 · all reports