Ford sees FY26 capital expenditures $9.5B-$10.5B

Sees FY26 Ford (F) Pro EBIT $6.5B-$7.5B. Sees FY26 Model E EBIT losses $4B-$4.5B. Sees FY26 Ford Credit EBIT of $2.5B. Raises FY26 Ford Blue EBIT view to $5B from $4.5B. Says unified advanced technology, digital and design teams with global industrial system. Says this change aligns with the most intensive product and software rollout in the company’s history. Says expects to grow $15B in high margin software and physical services revenue nearly 8% annually through the end of the decade. Says now integrating skunkworks breakthroughs back into mainstream products and processes. Says product pipeline is aggressive between now and 2029. Says will refresh 80% of North America portfolio and 70% of global portfolio by volume. Says includes the launch of universal EV platform in 2027 from Louisville Assembly plant in Kentucky. Says by the end of the decade, 90% of global nameplates will offer electrified powertrains, including advanced hybrids, extended range electric vehicle, and full EVs. Says 2027 model year order books are just starting to open, and the company is seeing positive early indicators. Comments and guidance taken from Q1 earnings conference call.