Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Ford Motor Company delivered a strong Q1 2026 with revenue rising 6.4% YoY to $43.3B and operating income surging 630% to $2.3B, though operating cash flow fell sharply and leverage remains elevated.
Revenue
$43.25B
+6.38% YoY
EPS (Diluted)
$0.63
+425.00% YoY
Operating Income
$2.33B
+630.09% YoY
Source: SEC XBRL
Ford Motor (F) reported Q1 FY2026 revenue of $43.25B, up 6.4% year over year. Operating margin was 5.4%, up 4.6 points from 0.8% a year earlier. Operating cash flow was $1.32B, down 64.2% year over year. F's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.42 | 0.36 | Beat +17.7% |
| Mar 2026This filing | 0.66 | 0.19 | Beat +245.4% |
| Dec 2025 | 0.13 | 0.19 | Miss -31.9% |
| Sep 2025 | 0.45 | 0.37 | Beat +21.2% |
Adjusted (non-GAAP) EPS of $0.66 versus the $0.19 analyst consensus — a +245.4% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $0.63.
Compiled by AI from this SEC filing
Ford's Q1 2026 revenue increased 6.4% YoY to $43.3B (from $40.7B), suggesting improved vehicle pricing, mix, or volume. Cost of revenue grew only 0.3% YoY to $35.3B, indicating significant operating leverage that drove gross profit expansion.
Source: 10-Q Income Statement
Operating income jumped from $319M in Q1 2025 to $2.33B in Q1 2026, with operating margin expanding approximately 460 basis points to 5.4%. This dramatic improvement reflects better revenue flow-through and relatively contained cost growth.
Source: 10-Q Income Statement
Selling, General & Administrative expenses rose 15.5% YoY to $2.81B, outpacing revenue growth of 6.4%. This acceleration in overhead costs could pressure margins if sustained without corresponding revenue gains.
Source: 10-Q Income Statement
Despite strong operating income, operating cash flow fell 64.2% YoY to $1.32B from $3.68B, suggesting significant working capital headwinds or timing differences in receivables, payables, or inventory that offset reported earnings.
Source: 10-Q Cash Flow Statement
Stockholders' equity declined 16.1% YoY to $37.5B while total liabilities rose 2.1% to $245.0B, pushing the debt-to-equity ratio to 6.54x. This elevated leverage reflects Ford's capital-intensive business model and ongoing financing operations.
Source: 10-Q Balance Sheet
Compiled by AI from this SEC filing · 2 high, 2 medium, 1 low
Ford's debt-to-equity ratio stands at 6.54x, reflecting substantial obligations across its automotive and Ford Credit financing segments. High leverage amplifies sensitivity to interest rate changes and could constrain financial flexibility during downturns. Total liabilities of $245.0B against equity of $37.5B leaves limited cushion.
Source: 10-Q Balance Sheet
Operating cash flow dropped 64.2% YoY to $1.32B despite a 630% surge in operating income, signaling potential working capital stress or unfavorable timing in cash collections. Sustained divergence between reported earnings and cash generation could pressure Ford's ability to fund capital expenditures and dividends.
Source: 10-Q Cash Flow Statement
SG&A expenses grew 15.5% YoY versus revenue growth of only 6.4%, indicating cost discipline challenges in overhead functions. If this trend continues, it could erode the operating margin gains achieved in Q1 2026.
Source: 10-Q Income Statement
Cash and equivalents fell 15.4% YoY to $17.6B, while the current ratio stands at a thin 1.09x, indicating limited short-term liquidity buffer. Combined with $106.7B in current liabilities, any disruption to cash inflows could create near-term liquidity pressure.
Source: 10-Q Balance Sheet
Ford initiated $311M in share buybacks in Q1 2026 (versus $0 in Q1 2025) even as cash balances declined 15.4% and operating cash flow fell sharply. Returning capital to shareholders while cash generation weakens may not be sustainable without improved cash flow performance.
Source: 10-Q Cash Flow Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 43.25 $B | 40.66 $B | +6.38% |
Cost of Revenue $B | 35.31 $B | 35.19 $B | +0.35% |
Operating Income $B | 2.33 $B | 0.32 $B | +630.09% |
EPS (Basic) $ | 0.64 $ | 0.12 $ | +433.33% |
EPS (Diluted) $ | 0.63 $ | 0.12 $ | +425.00% |
SG&A Expense $B | 2.81 $B | 2.43 $B | +15.47% |
Answers draw on this SEC filing and the data on this page
In 2026-Q2, Ford Motor Company reported revenues of $48.30B and an operating profit of $638M, but recorded a net loss attributable to the company of $1.33B primarily due to $2.76B in equity losses and non-cash charges from affiliated joint ventures.
Ford Motor Company's FY2025 10-K reveals a dramatic swing to a -$9.2B operating loss driven by a 10.1% surge in cost of revenue and a doubling of D&A charges, even as revenue grew modestly 1.2% to $187.3B and operating cash flow surged 38% to $21.3B.
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