Ford’s quarterly profit is up nearly 20% from a year earlier.

Automakers are seeing enhancements within the provide of pc chips, however shortages proceed to disrupt manufacturing.

The most recent studying on the scenario comes from Ford Motor, which stated Wednesday that its second-quarter revenue had risen almost 20 p.c from a 12 months earlier, when the worldwide chip scarcity took a extreme toll on its operations.

The automaker recorded a revenue of $667 million, up from $561 million a 12 months earlier. Its income was up considerably, to $40.2 billion from $26.8 billion, because of rising car gross sales and better costs.

Globally, Ford offered simply over a million automobiles within the newest quarter, a pointy enhance from 764,000 within the 2021 interval.

“We’re seeing pent-up demand, and our sellers are promoting automobiles as shortly as we will produce them,” Ford’s chief monetary officer, John Lawler, stated in a convention name.

However most of these numbers are nonetheless under what could possibly be thought of regular. Earlier than the pandemic, in 2018 and 2019, Ford’s second-quarter gross sales topped 1.4 million automobiles — even with a weaker mannequin line than the present one.

Within the final two years, Ford redesigned its F-150 pickup and has added a number of automobiles producing buzz, together with the brand new Bronco sport utility car, the electrical Mustang Mach E and the electrical F-150 Lightning. It has additionally stopped making vehicles for the U.S. market aside from the Mustang coupe.

On Tuesday, Normal Motors additionally reported greater income and was helped by an uptick in its provide of chips. However it, too, isn’t getting as many chips as it will like, which leaves the corporate unable to promote as many automobiles as prospects wish to purchase.

G.M. stated this month that it was holding 95,000 automobiles that had been manufactured with out sure digital parts affected by the chip scarcity. The corporate expects to complete them and ship them to sellers by the tip of the 12 months.

On Wednesday, Ford stated it had 53,000 automobiles awaiting last digital components earlier than they are often shipped.

Ford, G.M. and different automakers are benefiting from excessive costs of latest automobiles. That was one purpose for the almost 50 p.c leap in Ford’s second-quarter income. On the similar time, nonetheless, inflation can be pushing up the price of uncooked supplies and components. Ford stated it anticipated a $4 billion enhance in the price of supplies this 12 months.

G.M. has stated its prices will rise by about $5 billion. Its second-quarter revenue fell 40 p.c to $1.7 billion, largely due to greater prices.

Mr. Lawler, Ford’s chief monetary officer, stated his firm could be nicely ready if the financial system slipped right into a recession. It has ample money, its vendor inventories are low, and it holds a considerable order financial institution for Broncos and different automobiles, he stated.

“We’re in significantly better form heading into a possible recession than at another time I can consider,” Mr. Lawler added.

He additionally stated Ford was reshaping virtually all elements of the corporate. “We’re not cost-competitive immediately,” he stated, including that job cuts had been potential.

“As new expertise are wanted, previous expertise aren’t required anymore, and there could possibly be modifications to the varieties of expertise now we have within the firm,” he stated.

This 12 months, Ford divided its operations into two divisions. One focuses on electrical automobiles and is anticipated to develop quickly and require substantial investments in new applied sciences and vegetation. The opposite focuses on making gasoline-powered fashions and can emphasize controlling prices and producing income.