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Ford beats Q2 adjusted EPS and raises full-year adjusted EBIT outlook

Despite the adjusted earnings and guidance lift, Ford posted a roughly $1.3 billion GAAP net loss in the quarter, driven by about a $3.6 billion BlueOval SK battery joint venture impairment.

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Ford Motor delivered a Q2 adjusted earnings beat, with adjusted earnings of 42 cents per share versus a 33 cents consensus estimate, while revenue came in near $48.3 billion, according to MarketBeat Ratings.

Following those results, Ford raised its full-year adjusted EBIT expectations to a midpoint of about $10.5 billion, framing the quarter as evidence of operational momentum amid a difficult macro backdrop, the outlet said.

MarketBeat Ratings cautioned that the adjusted numbers may mask underlying financial strain. Ford reported a GAAP net loss of roughly $1.3 billion for the quarter, largely tied to an impairment charge of about $3.6 billion related to the disposition of the BlueOval SK battery joint venture.

The analysis also pointed to Ford Blue, Ford’s legacy internal combustion segment, as the main driver behind the adjusted beat, noting about 72% year-over-year EBIT expansion to roughly $1.1 billion for the quarter. It said that EBIT expansion occurred alongside an 8% decline in wholesale volume.

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