Revenue Performance across Segments
Total consolidated revenue reached $48.30B in 2026-Q2, declining 3.8% YoY from $50.18B. Automotive and other sales excluding Ford Credit dropped to $44.89B from $46.94B, while Ford Credit financing revenue increased to $3.41B from $3.24B.
Impact of Affiliated Company Non-Cash Charges
Equity in net losses of affiliated companies widened dramatically to $(2.76B) in 2026-Q2 from $(250M) in 2025-Q2, driven by $2.93B of non-cash charges related to the disposition of investment in BOSK, pulling net income into negative territory.
Operating Cash Flow and Capital Expenditure
Operating cash flow for the first half of 2026 totaled $5.66B, down from $10.00B in 1H 2025. Capital spending increased to $4.76B compared to $3.91B in 1H 2025, resulting in first-half free cash flow of $903M.