Ford’s third quarter shows a mixed picture as earnings rise but revenues decline

The company’s third-quarter revenue rose by $2.4 billion, but net profit fell from last year

Third quarter earnings continue to trickle in and the last ones are released Fordwith revenues of $46.2 billion and net income of $0.9 billion. The former figure rose by $2.4 billion, although net profit fell by $0.3 billion compared to a year ago.

While the results were mixed, the automaker pinned some of the blame on $1 billion in damages from electric vehicle missteps. The big kicker there was the cancellation of three-row electric SUVs as well as “new timing” of the launch of the redesigned F-150 Lightning, codenamed Project T3. Now set to go on sale in the second half of 2027, it features “features and experiences never before seen on a Ford truck,” including improved bi-directional charging and advanced aerodynamics.

More: GM reports Q3 sales of nearly $49 billion, Chevy Equinox appears to be a hit

Returning to today’s news, the automaker said that their third quarter results emphasize “long-term value creation, enabled by a winning range of combustion engines, hybrid and electric vehicles for private and commercial customers, combined with a privileged strategy and a global footprint.” However, the automaker noted “price pressure for electric vehicles,” which was recently reflected on its website 2025 Mustang Mach-Ewhich is $3,500 cheaper than its predecessor.

On the EV front, they had a tough quarter with the Ford Model E posting a 33% drop in sales compared to last year. This contrasts with the ICE-powered Ford Blue unit, which saw sales increase by 3%.

Despite the mixed results, Ford noted that costs have fallen and sales have increased. The company also has a range of new and updated models on the horizon, including the facelifted Maverick and Broncos Sports as well as the new Expedition and Navigator.

Ford CEO Jim Farley said: “We are in a strong position with Ford+ as our industry undergoes significant transformation. We’ve made strategic decisions and taken hard action to create competitive advantages for Ford in key areas like Ford Pro, global operations, software and next-generation electric vehicles. Importantly, over time we will have a significant financial benefit as we bend the curve on cost and quality, a key focus of our team.”

Wall Street wasn’t thrilled when Ford shares closed light at $11.37 per share before falling below $11 after hours. On the plus side, investors can expect a dividend of 15 cents per share.