F · Ford Motor Company Q2 FY2026 earnings call record财报电话会记录

“We're also raising and narrowing our full-year adjusted EBIT guidance to between $10 billion and $11 billion, a $1 billion raise at the midpoint.”

“That's five decades of trust and capability with our customers, and we intend to extend our lead.”

“To complement that business, we're scaling high-margin software and physical services around a seamless customer experience while leveraging Ford Credit.”

“We generated $2.1 billion in company-adjusted free cash flow and ended the quarter with a strong balance sheet, including $22.3 billion in cash and $43.4 billion in total liquidity.”

“In fact, over the last five years, we have returned more than $16 billion through dividends and anti-dilutive share repurchases.”

“inventory of 52 retail day supply is slightly below our target of 55-65 days, and we expect to return to targeted levels as the recovery progresses.”

“Ford Pro delivered a solid quarter despite significant headwinds, delivering $1.7 billion in EBIT on $17.8 billion of revenue, down 26% and 5% respectively, primarily due to temporary Novelis disruption.”

“We are confident in the pricing power of our Ford Pro business, although early, 2027 model year customer contracting in North America is off to a fast start, placing us about a month ahead of where we were last year.”

“Progress was driven by structural cost reductions, right-sized Gen-1 volumes, and lower U.S.”

“These services carry attractive margins and create recurring customer relationships.”

“An increase in adjusted free cash flow to $6 billion-$7 billion, which now includes flow-through of this higher EBIT and our expectation to receive in 2026 about $500 million of the $1.3 billion IEEPA reimbursement we booked in Q1.”

“For our full-year segment outlook, we now expect an increase in Ford Blue's EBIT range to $5 billion-$5.5 billion, a narrowing of Ford Pro's EBIT range to $7 billion-$7.5 billion, an improvement in Model e losses to about $4 billion.”