Ford Motor Company (NYSE:F) reported first quarter results that topped Wall Street expectations on both revenue and earnings, but shares moved more than 3% lower in early Thursday trading as investors focused on one-time benefits and ongoing losses in its electric vehicle unit. The automaker posted revenue of $43.3 billion, up 6% year over year and ahead of estimates.
Car companies are reportedly expecting a combined $2.3 billion in refunds on tariff payments. As Reuters reported Thursday (April 30), automakers have begun logging that anticipated income on their books, making them some of the first companies to quantify their refunds.
Ford Motor Company (F) Q1 2026 Earnings Call Transcript
Investors may be taking a fresh look at GM and Ford stock after their much stronger-than-expected Q1 earnings and upgraded guidance.
While the top- and bottom-line numbers for Ford Motor (F) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Ford Motor Company (F) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.2 per share. This compares to earnings of $0.14 per share a year ago.
Ford flagged a one-time $1.3 billion tariff benefit in its quarterly results. The announcement comes a day after GM reported a roughly $500 million tariff benefit.
Ford Motor said it expected the federal government to refund $1.3 billion the company paid in tariffs that were later struck down by the Supreme Court.
Ford gets hefty tariff refund and raises outlook for the year.
Ford Motor is set to report first-quarter results after markets close. Wall Street analysts expect adjusted earnings per share of 19 cents and automotive revenue of $38.82 billion.
Ford is set to report Q1 2026 earnings on April 29, with Visible Alpha consensus estimates pointing to modest revenue growth alongside flat volumes and a sharp pullback in electric vehicles. Consensus expectations show automotive revenue to rise 2.3% year-on-year to $38.3 billion in Q1, even as unit sales are expected to hold broadly flat at around 972,000 vehicles. The traditional internal combustion business, Ford Blue, is expected to deliver ~593,000 units, with revenue edging up 2.2% to $21.5 billion.
Ford Motor Co (NYSE:F) stock is up 0.6% at $12.45 at last check, attempting to snap a four-day losing streak.