Ford's quarterly financial report faces its biggest "unexpected cold": Tariff costs drag down profits, but the company remains hopeful for a recovery in 2026.

Profit falls short of expectations: Ford Motor Company reported its first quarterly profit miss since 2024, also the largest in four years. Shadow of tariffs: The financial results falling short of expectations were mainly due to unexpected tariff costs of about $900 million, related to delays in the tax rebates for automotive components. Recovery guidance: Despite the poor performance last year, Ford expects 2026 to be a year of recovery, with adjusted pre-tax profit expected to reach $8-10 billion.