Broker Name: iFAST Financial Pte Ltd
Date of Report: 17 July 2026
Excerpt from iFAST Financial Pte Ltd report.
Report Summary
Ford Motor Company’s Q1 2026 results indicate a strong turnaround, with revenue reaching USD 43.3 billion (up 6% year-on-year), and a significant rebound in profitability driven by strong performance in its gasoline (Ford Blue) and commercial (Ford Pro) vehicle businesses. The company benefited from a one-off USD 1.3 billion tariff rebate and improved profit margins, especially in high-margin models and software subscriptions. Losses in the electric vehicle (Model e) segment narrowed, while Blue and Pro contributed over 90% of adjusted EBIT.
Ford’s financial position remains robust, with cash and equivalents at USD 25.8 billion and total cash reserves at USD 38.64 billion. The company renewed its USD 18 billion credit line and maintains a net cash position in its core manufacturing operations. Ford’s bonds remain investment grade (BBB- range), and its USD bonds offer maturities from 0.4 to 5.6 years with net yields up to 5.9%. Noteworthy bonds for investors seeking stable returns include:
- F 7.450% 16Jul2031 Corp (USD) – Net YTM: 5.6%
- F 3.250% 12Feb2032 Corp (USD) – Net YTM: 5.9%
Ford’s ongoing execution of the Ford+ plan, cost control, and software service expansion underpin its positive outlook. Risks include supply chain disruptions, commodity prices, and evolving market demand, but operational improvements and strong cash flows support its bond attractiveness. No explicit target price or stock rating is provided; the actionable idea is a focus on Ford’s USD bonds for stable returns.
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