Ford misses Q4 EPS by $0.06, posts $11.1B loss and signals bigger 2026 targets

Published: 2026-02-10 21:58:26 |

Ford missed fourth-quarter expectations, reporting EPS of $0.13 versus the $0.19 analyst consensus after $900 million in unexpected tariff charges. Total revenue fell 5% year-over-year to $45.9 billion, while automotive revenue was $42.4 billion. Net income swung from a $1.8 billion profit in Q4 2024 to an $11.1 billion loss in Q4 2025; diluted EPS declined to a $2.77 full-year loss. Adjusted EBIT fell to $6.8 billion for the year and adjusted free cash flow dropped to $3.5 billion. All three segments weakened: Ford Blue revenue dipped to $101 billion with lower EBIT, Ford Pro saw revenue decline to $66.3 billion and margin compression, and Model e widened losses to $4.8 billion despite 73% revenue growth and 178,000 EV units sold. Ford attributed the miss mainly to delayed parts credits and $900 million in tariffs. Despite the setback, Ford guided 2026 adjusted EBIT to $8–10 billion, free cash flow $5–6 billion, and higher capex ($9.5–10.5 billion) including $1.5 billion for Ford Energy. Segment guidance: Ford Pro EBIT $6.5–7.5 billion, Ford Blue $4.0–4.5 billion, Model e loss $4.0–4.5 billion. CFO Sherry House and CEO Jim Farley emphasized strategic moves and capital discipline to drive improvement in 2026.

Neutral

This Ford earnings miss is primarily a corporate/auto-sector story with limited direct linkage to crypto fundamentals. The surprise $900 million tariff hit and large accounting swing to an $11.1B loss could weigh on risk sentiment in equities and broader markets in the short term, potentially prompting risk-off behavior that may briefly pressure crypto prices. However, Ford is not a major participant in crypto markets and provided stronger 2026 guidance (higher adjusted EBIT and free cash flow targets), which tempers long-term negative implications. Historically, large negative corporate earnings can create short-term volatility across risk assets, but they rarely produce lasting structural moves in crypto unless tied to macro shocks (banking stress, liquidity crises) or crypto-specific developments. Thus the expected market impact is neutral: short-term caution possible, but no clear sustained bullish or bearish effect on crypto markets.