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Ford posts better-than-expected profit and sales, but lowers its full-year earnings outlook

Ford shares seesawed in after-hours trading as investors digested the Q3 report.

10/23/25 4:25PM

When Ford’s Detroit rival GM reported its third-quarter earnings this week, investors cheered its results, propelling the stock to an all-time high and its second-best daily gain on record.

Suffice it to say: Ford’s third quarter had big shoes to fill. It delivered, at least in part, posting beats on earnings and revenue, but it also cut its profit outlook for the year. Shares were up 2.7% after-hours.

Ford posted adjusted earnings of $0.45 per share, beating the $0.35 per share analysts polled by FactSet expected.

Overall revenue came in at $50.5 billion, beating Wall Street’s $47 billion estimate. The figure represents a nearly 10% jump from the same quarter last year.

Looking ahead, Ford said it expects lower full-year earnings before interest and taxes. The company issued a new range of between $6 billion and $6.5 billion, down from its prior guidance of between $6.5 billion and $7.5 billion. Ford’s EBIT has been at least $10 billion for the past four years, but tariffs have dinged this year’s results.

The automaker also reduced its full-year net tariff impact forecast to $1 billion, down from $2 billion. In Q3, the company said it faced a tariff impact of $700 million, below its $800 million hit in the second quarter.

Ford’s record-shattering year of safety recalls continued in Q3. As of October 23, Ford has issued 127 safety recalls in 2025, 50 more than the previous annual record by any automaker.

Like its rivals including Tesla and GM, Ford posted strong EV sales in Q3 as customers flocked to scoop up the expiring $7,500 tax credit. Earlier this month, the automaker said it sold 30,612 EVs on the quarter, a Q3 record. About two-thirds of those sales were Mustang Mach-Es.

Despite the surge, Ford reported that its electric vehicles unit lost $1.41 billion in the quarter, a deeper loss than the same period last year.

Matt Phillips3/13/26

Oil settles Friday at highest level since start of war

US oil prices moved higher in afternoon trading Friday, sapping strength from the stock market as they posted their highest close since the start of the Iran war.

After another day where the Strait of Hormuz was essentially closed to global tanker traffic, US futures for West Texas Intermediate settled up 3.1% at $98.71 a barrel for an 8.6% weekly gain, per Dow Jones data.

American officials have discussed using the US Navy to escort tankers through the narrow waterway between Iran and Oman, but have said plans for such convoys are not ready yet. However, it is unclear if military convoys would bring an end to the war-related dislocations in the oil market.

“It could help,” Tom Liles, senior vice president of upstream research at energy consulting firm Rystad, told Sherwood News in a recent interview. “It could also go in a lot of different directions if a Navy ship is hit or if a tanker is hit.”

Oil Posts Weekly Gains As Middle East Conflict Drags On

Tasha Matsumoto

3/13/26

Stocks post third straight week of losses as Brent crude surges above $100

Stocks wiped out early gains to close lower amid the ongoing war in Iran.

Matt Phillips3/13/26

Memory stocks rebound off last weeks losses

Memory stocks Micron, Sandisk, Western Digital, and Seagate Technology Holdings rose again Friday, putting these crucial providers of chips for AI inference work on track for big weekly gains after last week’s steep losses following the outbreak of war with Iran.

There’s no obvious trigger for the move higher for these shares this week, other than a bit of a recovery in the AI trade more broadly — AI beneficiaries like IT cable and connections maker Amphenol and custom chip and networking company Marvell Technology clawed back some gains this week — perhaps due Oracle’s earnings earlier, and some mean reversion to boot.

Micron is due to report earnings after the close of trading on Wednesday, with the company catching a couple price target hikes this week, including one from Wedbush on Friday.

Sandisk is something of a different story, as its enormous gains over the last 12 months — roughly 1,200% — have made it a momentum play beloved by the retail crowd.

It was up about 20% this week at around 11 a.m. ET. And its nearly 170% gain this year keeps the stock on top of the S&P 500, in terms of price performance.

Luke Kawa

3/13/26

The S&P 500’s internals are awful... while it’s still less than 5% from its record closing high

The breadth of negative momentum within the index’s constituents is even worse than at the tariff-induced market bottom in April 2025.