Ford Motor Co Ford (F) reported its second-quarter financial results after the market closed on Tuesday, and the numbers were a bit of a mixed bag. Revenue came in a little light, but earnings beat expectations, and the company raised its full-year outlook. Investors liked what they saw, sending shares up more than 6% in after-hours trading.

Let's start with the headline numbers. Ford reported second-quarter revenue of $44.89 billion, which missed the consensus estimate of $45.81 billion, according to market data. But the bottom line told a different story: adjusted earnings of 42 cents per share beat the 35-cent estimate.

Breaking down revenue by segment, Ford's traditional internal combustion business, Ford Blue, brought in $26.1 billion, up 1% from a year ago. The electric vehicle unit, Model e, saw a sharp decline, with revenue of just $1 billion, down 56% year-over-year. And Ford Pro, the commercial vehicle division, reported $17.8 billion, down 5%.

Cash flow was solid. Ford generated $4.3 billion in cash from operations during the quarter and $2.1 billion in adjusted free cash flow. The company ended the quarter with $18.6 billion in cash and cash equivalents.

CEO Jim Farley struck an optimistic tone in the earnings release. "We delivered another strong quarter and raised our full-year guidance, but the more important story is the growing evidence that Ford is becoming a more profitable, more disciplined and genuinely different company," Farley said. "Our iconic trucks, off-roaders and hybrids are commanding real pricing power; our quality is now industry-leading in the U.S.; and profitable new adjacencies, such as Ford Energy, are opening fresh sources of growth."

Looking ahead, Ford raised its full-year 2026 adjusted EBIT guidance to a range of $10 billion to $11 billion, up from the prior range of $8.5 billion to $10.5 billion. The company also boosted its adjusted free cash flow forecast to $6 billion to $7 billion, from $5 billion to $6 billion previously.

Ford also declared a regular dividend of 15 cents per share for the third quarter, payable on Sept. 1 to shareholders of record as of Aug. 11.

CFO Sherry House added, "We are not just executing to plan; we are building a company able to perform through a wide range of uncertainties, and that gives us confidence in the earnings power we're creating."

Ford executives are scheduled to discuss the quarter in more detail on an earnings call at 5 p.m. ET.

As for the stock, Ford shares were up 6.28% in after-hours trading Tuesday, trading at $15.90 at the time of publication, according to market data.