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Ford Motor (F) earnings Q3 2025
A Ford logo on a Ford F-150 pickup truck for sale in Encinitas, California, U.S. Oct. 20, 2025.
Mike Blake | Reuters
DETROIT – Ford Motor is set to announce third-quarter earnings after the markets close Thursday.
Here’s what Wall Street expects, based on average analysts’ estimates compiled by LSEG:
- Earnings per share: 36 cents adjusted
- Automotive revenue: $43.08 billion
Those results would mark revenue that’s in line with a year earlier and a 26% drop in adjusted earnings per share. Ford’s third-quarter 2024 results included $43.07 billion in automotive revenue, net income of $896 million and adjusted earnings before interest and taxes of $2.55 billion.
Several Wall Street analysts expect Ford to report a beat but potentially disappoint on its guidance for the remainder of the year due to a host of issues, including tariffs and a fire last month at a Novelis plant, which is a key aluminum supplier to Ford.
“We expect Ford to report higher-than-expected 3Q earnings (given better production) but also disappoint with regard to its 4Q outlook (given temporary supply chain constraints impacting high profit truck production),” JPMorgan analyst Ryan Brinkman said in a Monday investor note.
Other key investor concerns include Ford’s cost-cutting efforts, quality improvements and any updated tariff impact expectations.
Ford’s crosstown rival General Motors on Tuesday reduced its expected impact of tariffs this year to between $3.5 billion and $4.5 billion, down from $4 billion to $5 billion. GM expects to offset about 35% of that impact.
Ford previously upped its expected tariff impact from $2.5 billion to $3 billion, of which it expects to offset $1 billion through business actions.
Ford’s 2025 guidance includes adjusted earnings before interest and taxes of $6.5 billion to $7.5 billion, lower than the pre-tariff range it issued in February of $7 billion to $8.5 billion. Its adjusted free cash flow is estimated to be $3.5 billion to $4.5 billion, in line with the prior guidance. It also expects capital spending of about $9 billion versus the earlier range of $8 billion to $9 billion.
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