Ford profit falls 16% as truck demand holds up

Ford reported a 16.3 percent fall in third-quarter profit Wednesday but said US demand for trucks and large vehicles remained solid despite higher gasoline prices.

The automaker reported profit of $2.0 billion. Revenue fell two percent to $49.5 billion on lower auto sales.

Ford Chief Financial Officer Sherry House said the company had not seen consumers shift away from trucks, saying Ford customers in that segment remained resilient. She said those customers tend to have higher incomes and in many cases have benefited from stock market gains.

Ford has been dealing this year with production disruption after major aluminum supplier Novelis suffered two fires in fall 2025, affecting output of the F-150 truck and some other models. House described the Novelis situation as largely behind the company and said costs linked to the fires were about $1 billion lower in 2026 than in 2025.

The company raised its 2026 commodity headwind cost estimate to $2.5 billion, up $500 million from its previous estimate. House cited higher costs for metals including copper and steel, as well as logistics costs from increased diesel fuel prices.

House said Ford still expected significant commodity cost increases in 2027, including higher semiconductor costs, and expected overall 2027 profitability to be roughly in line with 2026.