Ford posts better-than-expected profit and sales, but lowers its full-year earnings outlook
Ford shares seesawed in after-hours trading as investors digested the Q3 report.
When Ford’s Detroit rival GM reported its third-quarter earnings this week, investors cheered its results, propelling the stock to an all-time high and its second-best daily gain on record.
Suffice it to say: Ford’s third quarter had big shoes to fill. It delivered, at least in part, posting beats on earnings and revenue, but it also cut its profit outlook for the year. Shares were up 2.7% after-hours.
Ford posted adjusted earnings of $0.45 per share, beating the $0.35 per share analysts polled by FactSet expected.
Overall revenue came in at $50.5 billion, beating Wall Street’s $47 billion estimate. The figure represents a nearly 10% jump from the same quarter last year.
Looking ahead, Ford said it expects lower full-year earnings before interest and taxes. The company issued a new range of between $6 billion and $6.5 billion, down from its prior guidance of between $6.5 billion and $7.5 billion. Ford’s EBIT has been at least $10 billion for the past four years, but tariffs have dinged this year’s results.
The automaker also reduced its full-year net tariff impact forecast to $1 billion, down from $2 billion. In Q3, the company said it faced a tariff impact of $700 million, below its $800 million hit in the second quarter.
Ford’s record-shattering year of safety recalls continued in Q3. As of October 23, Ford has issued 127 safety recalls in 2025, 50 more than the previous annual record by any automaker.
Like its rivals including Tesla and GM, Ford posted strong EV sales in Q3 as customers flocked to scoop up the expiring $7,500 tax credit. Earlier this month, the automaker said it sold 30,612 EVs on the quarter, a Q3 record. About two-thirds of those sales were Mustang Mach-Es.
Despite the surge, Ford reported that its electric vehicles unit lost $1.41 billion in the quarter, a deeper loss than the same period last year.
