DETROIT — Ford Motor is set to announce second-quarter results after the markets close Tuesday.

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Here’s what Wall Street expects, based on average analysts’ estimates compiled by LSEG:

• 35 cents adjusted
• $45.86 billion

Those results would mark a 2.3% fall in automotive revenue compared with a year earlier and a 2 cent decline in adjusted earnings per share.

Ford’s 2025 second-quarter results included $46.94 billion in automotive revenue, adjusted earnings before interest and taxes of $2.14 billion and a net loss of $36 million. Its total revenue, which includes its Ford Credit financing arm, was $50.18 billion.

Aside from earnings and any changes to the automaker’s 2026 guidance, investors are monitoring Ford’s costs, such as warranty and commodity costs, as well as looking for any updates to the company’s F-Series truck production that has been hampered since last year due to issues with an aluminum supplier.

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Heading into Ford’s earnings report, Jefferies upgraded Ford and General Motors’ stocks to buy from hold. Analyst Philippe Houchois said Ford is on track to start building momentum again, with the second quarter set to mark a trough.

“We see Q2 as a low point for volume with post-Novelis production set to normalize up,” Houchois wrote. Novelis, an aluminum supplier, restarted production last month at a New York facility — a plant that supplies Ford’s F-150 truck line — after two fires halted activity. “With US market conditions healthy, management could raise guidance at Q2.”

Ford’s 2026 guidance, which the company increased in April with expected tariff refunds, includes adjusted EBIT of $8.5 billion to $10.5 billion; adjusted free cash flow of between $5 billion and $6 billion; and capital expenditures of $9.5 billion to $10.5 billion.

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