What guidance did Ford Motor's management provide for the next earnings period?

What does Ford Motor do and what are its main business segments?

What is the revenue and EPS growth rate for Ford Motor year over year?

What is Ford Motor's latest dividend and current dividend yield?

What were the key takeaways from Ford Motor’s earnings call?

What were the key takeaways from Ford Motor's earnings call?

What factors drove the changes in Ford Motor's revenue and profit?

Did Ford Motor beat or miss consensus estimates last quarter?

- **Q3 Performance**: $50.5B revenue, $2.6B EBIT, despite $1.5B-$2B Novelis impact.
- **Ford+ Strategy**: Hybrid focus, $30K EV platform, and $1B tariff relief.
- **Financial Health**: $4.3B free cash flow, $33B cash, and 2025 EBIT guidance of $6B-$6.5B.
- **Risks & Recovery**: 50K F-Series recovery in 2026, $3.6B Model e losses, and $1B Novelis mitigation.

**【CEO Summary Section】**
- Delivered Q3 2025 revenue of $50.5 billion and adjusted EBIT of $2.6 billion, despite a $1.5 billion to $2 billion EBIT headwind from the Novelis fire.
- Launched Ford+ plan to address regional market fragmentation, cost efficiency, and Chinese OEM competition, with a focus on hybrids and affordable EVs starting at $30,000.
- Announced $1 billion tariff relief from U.S. policy changes, offsetting $700 million in quarterly tariff costs.
- Added 1,000 jobs to recover F-Series production and fulfill demand, with 50,000 units of 2026 recovery capacity.

**【CFO Financial Commentary】**
- Adjusted free cash flow of $4.3 billion in Q3, $5.7 billion year-to-date, with $33 billion in cash and $54 billion in liquidity.
- Model e segment incurred $3.6 billion loss, driven by Gen 1 vehicle costs and $3 billion in next-gen platform investments.
- Ford Pro delivered $2 billion EBIT with double-digit margins, driven by software and services growth.
- 2025 EBIT guidance updated to $6 billion to $6.5 billion (down from $7 billion to $8.5 billion) due to Novelis and tariff impacts.
- 2026 outlook includes $1 billion Novelis recovery, $1 billion cost savings, and $9 billion capex for UAV platform.

**【Q&A Key Highlights】**
- **Novelis Recovery**: 50,000 units of 2026 F-Series production recovery, with Dearborn plant running 3 shifts.
- **Warranty Costs**: Q3 warranty down $450 million YoY, with FSA cost reduction offsetting coverage declines.
- **EV Strategy**: UEV platform launch in 2027 targeting $30,000 price point, with LFP cell production starting in Michigan.
- **Tariffs**: $1 billion 2025 tariff relief, with similar impact expected in 2026.
- **Industry Pricing**: U.S. SAAR of 16.8 million units, 0.5% pricing growth, and strong F-150 hybrid demand (70% share).

Ford Motor Company (F) Q3 2025 Earnings Call Transcript

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