Ford Motor Co. raised its full-year 2026 operating income forecast to between $10 billion and $11 billion on July 29, 2026, citing strong vehicle pricing and normalizing pickup production.
The Dearborn automaker posted second-quarter adjusted earnings of 42 cents per share on revenue of $44.89 billion, beating Wall Street profit expectations.
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Ford also raised its full-year adjusted free cash flow guidance to between $6 billion and $7 billion as F-Series assembly recovered from earlier supplier disruptions.
Lean Inventory and Upside Potential
Chief Executive Officer Jim Farley emphasized that lean dealer inventory provides significant upside for truck deliveries moving forward.
"We are seeing F-Series is around a 45-day supply, which for us is very lean," said Farley.
Farley noted that lean inventory creates expansion potential across both wholesale and retail channels.
"So, we have a lot of upside on the wholesale side, not just the retail side," he said.
He also highlighted strong initial market response for the company's new energy storage unit.
"We're kind of in the third inning of selling out the 2028 capacity," said Farley.
Farley added that the subsidiary benefits from unique domestic manufacturing advantages.
"Ford Energy can win because it's built on capabilities few companies can match: tariff resilient, world-class U. S.
manufacturing, leading battery technology, an iconic American brand that is already familiar to communities who are most in need for grid support and infrastructure upgrades, and of course the ability to leverage our vast auto service expertise," he said.
