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Jun 30
Ford Q2 2025 Earnings Report
Ford posted a net loss in Q2 2025 despite record revenue driven by tariff and special item impacts.
Key Takeaways
Ford Motor Company delivered $50.2B in revenue for Q2 2025, a 5% increase YoY. However, a $1.3B charge in special items and adverse tariff effects led to a net loss of $36M. Adjusted EBIT declined 22% to $2.14B while free cash flow remained solid at $2.8B.
Revenue reached a record $50.2B, up from $47.8B in Q2 2024
Net loss of $36M due to $1.3B in special items including fuel injector recalls and EV write-downs
Adjusted EBIT was $2.14B, down from $2.76B YoY
Free cash flow remained strong at $2.8B with $28.4B in cash on hand
Ford
Ford
Ford Revenue by Segment
Revenue by Segment
Ford Blue Revenue
CapyFin.comFord Model e Revenue
CapyFin.comFord Pro Revenue
CapyFin.comFord Credit Revenue
CapyFin.com Forward Guidance
Ford revised its full-year 2025 guidance downward, citing increased tariff impacts and macro uncertainty while maintaining strong capital spending and free cash flow outlook.
Positive Outlook
- Maintained adjusted FCF outlook of $3.5B to $4.5B
- Capital spending expected between $8.0B to $9.0B
- Strong product launches in Europe bolstering Model e margin
- Ford Pro continues to deliver durable, high-margin growth
- Ford Credit performance remains solid with $0.6B EBT
Challenges Ahead
- Revised adjusted EBIT down to $6.5B–$7.5B from $7.0B–$8.5B
- Tariff impact estimated at $(2.0)B for full year
- Special items, including recall costs and EV write-downs, weigh on results
- Ford Model e posted a $(1.3)B EBIT loss in Q2
- North America volume decline impacted Ford Blue