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Ford Motor (F) guidance and outlook

Ford Motor (F) raised its guidance on Oct 28, 2026: Operating income $10.5B–$11.0B for FY2026; Free cash flow $6.0B–$7.0B for FY2026; Capital expenditures $6.0B–$7.0B for FY2026. Ford Motor's 10-Q filed Oct 29, 2026 makes 29 forward-looking statements, 0 of them new and 3 no longer said since the filing before.

Guidance and outlook

Latest guidance

From the earnings release filed Oct 28, 2026 (8-K on EDGAR).

Forward-looking statements, 10-Q filed Oct 29, 2026

• updated · As of September 30, 2026, we expect to receive about $2.2 billion related to tariff reimbursements from the federal government and suppliers and as offsets to Company payment obligations to suppliers attributable to tariff actions taken by the U.S. government since March 2025.
• For more information regarding the impact of the Novelis fires on our business, see the Outlook section on page 55 of this 10-Q Report.
• updated · As previously disclosed, we may incur additional expenses and cash expenditures related to these actions, which we now expect to be about $500 million (on a pre-tax basis).
• We will recognize those charges in the quarter they are incurred as a special item.
• We expect that the regulatory and market dynamics we have observed in the EV market will continue to occur, which may have a substantial adverse impact on our results of operations and/or business, including our investments in supply, production capacity, and equity method investments.
• To be prepared for an economic downturn and other stress scenarios, we target an ongoing Company cash balance at or above $20 billion plus significant additional liquidity above our Company cash target.
• We expect to have periods when we will be above or below this amount due to: (i) future cash flow expectations, such as for investments in future opportunities, capital investments, debt maturities, pension contributions, or restructuring requirements, (ii) short-term timing differences, and (iii) changes in the global economic or operating environment.
• We generally target shareholder distributions of 40% to 50% of adjusted free cash flow.
• We plan to utilize our liquidity (as described above) and our cash flows from business operations to fund our material cash requirements.
• Subject to satisfaction of those conditions, we will be obligated to purchase the materials or otherwise compensate the supplier in an amount determined by the contract.
• updated · As of September 30, 2026, our estimated expenditures for the maximum quantity that we are committed to purchase under these offtake agreements through 2035, subject to certain conditions, total approximately $6.2 billion based on our present forecast; however, our forecast could fluctuate from period to period based on market prices, which may result in significant increases or decreases in our estimate.
• The actual price paid for these materials will be recorded on our balance sheet at the time of purchase.

Ford Motor's latest quarter

Questions

Did Ford Motor raise or lower its guidance?

Ford Motor (F) raised its guidance on Oct 28, 2026: Operating income $10.5B–$11.0B for FY2026; Free cash flow $6.0B–$7.0B for FY2026; Capital expenditures $6.0B–$7.0B for FY2026.

What does Ford Motor expect?

As of September 30, 2026, we expect to receive about $2.2 billion related to tariff reimbursements from the federal government and suppliers and as offsets to Company payment obligations to suppliers attributable to tariff actions taken by the U.S. government since March 2025. As previously disclosed, we may incur additional expenses and cash expenditures related to these actions, which we now expect to be about $500 million (on a pre-tax basis). As of September 30, 2026, our estimated expenditures for the maximum quantity that we are committed to purchase under these offtake agreements throug

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.