Bigger Vehicles, Tariff Refunds Help Ford Beat Estimates -- WSJ

Dow Jones04:05

By Christopher Otts

Ford Motor is selling more large SUVs and other higher-profit vehicles, helping the Dearborn, Mich. automaker breeze past Wall Street expectations in the first quarter.

Ford reported adjusted earnings of $3.5 billion, including a one-time gain of $1.3 billion for expected refunds after the Supreme Court invalidated some of President Trump's tariffs in January.

Analysts had expected only $1.3 billion in adjusted earnings, according to FactSet.

The automaker's overall sales didn't grow in the quarter, but its profitability improved thanks to selling a higher proportion of bigger, more lucrative models and trims. These include 3-row SUVs like the Explorer and Expedition and off-road vehicles like the Bronco, Chief Financial Officer Sherry House said.

Ford sold 934,000 vehicles to dealers, down from 971,000 in the same quarter a year prior.

Meanwhile, Ford is ending production of the lower-margin Escape crossover in the United States and Focus sedan in Europe, House said.

Ford's electric-vehicle unit lost $800 million, about the same as a year ago.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 29, 2026 16:05 ET (20:05 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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