Filing Flows › Ford Motor (F) › Q1 2026
Ford Motor (F) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Ford Motor (F) reported revenue of $43.3B for the first quarter 2026 (Q1 2026), +6% from a year earlier and -6% from the quarter before. Operating margin was 5.4%, net earnings $2.6B (5.9% of revenue).
Ford Motor, Q1 2026: revenue $43.3B (+6% year over year), operating margin 5.4%, net earnings $2.6B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.3B | -6% | +6% |
| Operating profit | $2.3B | — | +630% |
| Net earnings | $2.6B | — | +439% |
| Operating cash flow | $1.3B | -66% | -64% |
What changed
Revenue was $43.3B in Q1 2026, up 6% year over year and down 6% from the previous quarter. Vehicles, parts, and accessories was the largest line at 87% of revenue. Vehicles, parts, and accessories added $1.8B year over year (up 5%), 69% of the total change. Financing income declined 1%.
Operating profit was $2.3B, a 5.4% margin (up 4.6 points year over year). Of the extra revenue versus Q1 2025, 77% reached operating profit, above the 1% margin then. Total costs grew 1% against revenue growth of 6%. The fastest-growing cost line was SG&A (+15%). Net earnings were $2.5B, up 441% year over year. The effective tax rate was 12.4%. Non-operating items added $0.58B, 20% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.3B (down 64% year over year), 52% of net earnings. Non-cash charges added back $1.9B of depreciation and $0.11B of share-based compensation. Working capital and other items used $3.2B. Capital expenditures of $2.4B exceeded it, leaving free cash flow of −$1.1B.
Questions
What was Ford Motor's revenue in the first quarter 2026?
Ford Motor (F) reported revenue of $43.3B for the first quarter 2026 (Q1 2026), +6% from a year earlier and -6% from the quarter before.
Was Ford Motor profitable in the first quarter 2026?
Operating profit was $2.3B (5.4% of revenue) and net earnings $2.6B.
Source: Ford Motor 10-Q on SEC EDGAR.