Ford Motor Co.

Strong Q2 profitability + guidance raised (core takeaway: strategy is working) - Reported $48.3B revenue (-4% YoY) and $2.5B adjusted EBIT (+17% YoY). - Free cash flow: $2.1B company adjusted free cash flow. - Full-year adjusted EBIT guidance raised and narrowed: $10B–$11B (now $1B higher at the midpoint). - Company targets increased adjusted free cash flow to $6B–$7B (includes flow-through of higher EBIT; mentions expected ~$500M related to AIEA reimbursement booked in Q1). - Emphasis: improving mix + pricing discipline, and progress toward 8% EBIT margin by 2029.

Automotive “mix + quality” engine: truck/off-road strength and cost-down actions - Ford Blue: $1.1B EBIT on $26.1B revenue (revenue +17%, EBIT +2% YoY); wholesale volumes down (wholesales -8%) but offset by mix and net pricing. - J.D. Power 2026 Initial Quality Study: Ford #1 among mainstream brands (treated as an early indicator of durability/warranty improvements). - Warranty/material cost improvements: company says it has significantly reduced warranty and material cost since 2024, continuing into a heavy launch period over the next ~3 years. - Off-road momentum: off-roaders ~25% of US sales in Q2; Bronco family had its best first half sales ever; Tremor ~15% of Expedition sales; Raptor sales +9% YTD. - F-150 / hybrids: F-150 hybrid leads among full-size trucks; Maverick hybrid hit record first-half sales.

Ford Pro resiliency despite disruption; pricing discipline and contracting early - Ford Pro: $1.7B EBIT on $17.8B revenue (EBIT -?; revenue -5% YoY, EBIT strength supported by mix); revenue and performance pressured by the Novelis aluminum disruption. - Even during disruption, Ford highlighted growth in software + physical services—positioning Ford Pro to benefit in the second-half volume recovery. - Customer contracting (2027 models, North America): described as ahead of last year by ~1 month (early contracting momentum; details not quantified).