Ford Tops Q3 Earnings Mark, Cuts '25 EBIT View Amid Novelis Fire

Ford F reported third-quarter 2025 adjusted earnings per share of 45 cents, which surpassed the Zacks Consensus Estimate of 38 cents but declined from 49 cents recorded in the year-ago quarter. The company’s consolidated third-quarter revenues came in at $50.5 billion, up 9.3% year over year. F’s total automotive revenues came in at $47.2 billion, beating the Zacks Consensus Estimate of $42.7 billion and rising from $43 billion generated a year ago.Ford carries a Zacks Rank #3 (Hold) at present.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Ford Motor Company Price, Consensus and EPS Surprise Ford Motor Company price-consensus-eps-surprise-chart | Ford Motor Company QuoteSegmental PerformanceIn the third quarter, total wholesale volume in the Ford Blue segment increased 2% year over year to 733,000 units, and exceeded our expectation of 630,000 units. Revenues from the segment rose 7% year over year to $28 billion and topped our estimate of $23.5 billion due to higher-than-expected units sold. Earnings before interest and taxes came in at $1.54 billion, above our projection of $925.7 million. EBIT margin of 5.5% was down 0.7 percentage points from the corresponding quarter of 2024.Total wholesale volume in the Ford Model e segment rose 57% year over year to 50,000 units but lagged our estimate of 57,000. Revenues from the segment jumped 52% year over year to $1.8 billion, and fell short of our estimate of $2.6 billion on lower-than-expected units sold. The segment incurred a loss before interest and taxes of $1.4 billion compared with our model estimate of a loss of $1.58 billion.Total wholesale volume in the Ford Pro segment increased 9% year over year to 373,000 but lagged our expectation of 401,000 units. Revenues from the segment rose 11% year over year to $17.4 billion, marginally missing our expectation of $17.6 billion on lower-than-expected units sold. Earnings before interest and taxes came in at $1.98 billion with an EBIT margin of 11.4%. EBIT was slightly below our projection of $2 billion.Third-quarter revenues from the Ford Credit unit came in at $3.35 billion, up 7.3% year over year and in line with our estimate. Pretax earnings were roughly $631 million, down 16% year over year.Financial PositionFord reported adjusted free cash flow of $4.3 billion for the quarter. It had cash and cash equivalents of $26.8 billion as of Sept. 30, 2025. Long-term debt, excluding Ford Credit, totaled $17.8 billion on Sept. 30, 2025.2025 OutlookFord expects full-year 2025 adjusted EBIT in the range of $6-$6.5 billion, down from $10.2 billion in 2024 and the previous forecast of $6.5-$7.5 billion due to the Novelis plant fire impact. It expects adjusted free cash flow in the range of $2-$3 billion, down from the prior guidance of $3.5-$4.5 billion as well as $6.7 billion recorded in 2024. Capital expenditures are expected to be around $9 billion.Peer ReleasesTesla TSLA reported third-quarter 2025 earnings per share of 50 cents, which missed the Zacks Consensus Estimate of 53 cents and decreased from the year-ago figure of 72 cents. Total revenues of $28.1 billion surpassed the Zacks Consensus Estimate of $26.4 billion and rose 12% year over year.  Tesla had cash/cash equivalents/investments of $41.6 billion as of Sept. 30, 2025, compared with $36.6 billion as of Dec. 31, 2024. Long-term debt and finance leases, net of the current portion, totaled $5.78 billion, up from $5.75 billion as of Dec. 31, 2024.General Motors GM reported third-quarter 2025 adjusted earnings of $2.80 per share, which beat the Zacks Consensus Estimate of $2.28. Higher-than-expected revenues from GM North America (“GMNA”), GM International (“GMI”) and GM Financial segments led to the outperformance. The bottom line, however, decreased from the year-ago quarter’s earnings per share of $2.96. Revenues of $48.59 billion beat the Zacks Consensus Estimate of $43.61 billion but fell from $48.76 billion recorded in the year-ago period.General Motors had cash and cash equivalents of $22.91 billion as of Sept. 30, 2025. The long-term automotive debt at the end of the quarter was $15.62 billion.Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks