Ford Motor NYSE:F, a U.S. automaker producing vehicles including F-Series pickup trucks, jumped nearly 6% in Wednesday's regular-session trading as of 11:18 a.m. ET after raising its annual profit forecast for the second time this year. Ford now expects adjusted earnings before interest and taxes between $10 billion and $11 billion. Its previous forecast ranged from $8.5 billion to $10.5 billion.
Second-quarter adjusted operating profit increased nearly 20% to $2.5 billion as demand for higher-priced trucks helped offset tariff expenses. Adjusted earnings reached $0.42 per share, exceeding the $0.35 analyst estimate. However, revenue declined 3.8% to $48.3 billion, while Ford recorded a $1.3 billion net loss after recognizing a $3.6 billion charge connected with dissolving its battery partnership with SK On, a South Korean battery manufacturer.
Ford's new guidance has a midpoint of $10.5 billion, representing a $1 billion increase from the midpoint of its previous range. The company expects its net tariff cost to remain slightly below the earlier estimate of approximately $1 billion, although it did not provide a replacement figure. Ford's electric-vehicle sales declined 57.4% during the first half, and the EV and software operation recorded a $919 million quarterly loss. Investors may now focus on whether pickup demand and recovering aluminum supplies can sustain profitability while Ford continues funding its planned $30,000 electric pickup for production in 2027.