Ford Q3 2025 Preview: U.S. Sales Are Out, Now the Margin Test Begins

This article first appeared on GuruFocus.

Ford Motor Company (NYSE:F) reports third-quarter 2025 results after market close on October 23. Analysts expect EPS of $0.35, down about 29% YoY, and revenue near $47 billion, up roughly 2%. Despite the 7% gain so far this year, Ford faces a challenging backdrop of rising costs, lingering tariff pressures, and heavy investment in electrification.

The company has already released its U.S. sales for the quarter, rising 8.2% YoY. Investors will now be watching the performance of Ford's F-Series trucks, its electric vehicle (EV) division, and emerging digital services business. Even though Ford achieved a new quarterly sales record in its EV segment, those operations remain a drag on overall profitability due to pricing pressure and continued spending on next-generation platforms.

At the same time, Ford's global exposure leaves it vulnerable to tariff costs and raw-material inflation, with management previously warning of as much as a $2 billion headwind for the year. For this call, investors want to see whether improved volumes can translate into better margins and free cash flow as the auto industry shifts deeper into electrification.

Guidance on the cost structure of Ford's EV business and updates on the Ford Pro commercial-vehicle segment will be particularly important. Without evidence of cost discipline or progress in these lower-margin units, the stock's modest YTD advance could lose steam.

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