CNH Industrial N.V. reported first‑quarter 2026 financial results, with consolidated revenue of $3.83 billion, unchanged from the same period a year earlier. The company’s net income fell to $10 million from $132 million in Q1 2025, and diluted earnings per share were $0.01, matching analyst expectations.
The earnings beat was driven by disciplined cost management and a favorable mix of higher‑margin agricultural equipment sales, which offset a 3 % decline in construction‑equipment revenue. However, the company recorded an adjusted EBIT loss of $45 million in its Industrial Activities segment, reflecting lower volumes, tariff‑related cost increases, and higher SG&A expenses.
Segment performance highlights that agricultural net sales were up 1 % year‑over‑year, while construction net sales fell 3 %. The Agriculture segment’s adjusted EBIT margin contracted from 5.4 % in Q1 2025 to 1.0 % in Q1 2026, and the Construction segment swung to a negative margin of –4.9 % from a positive margin the prior year.
Management reiterated its full‑year guidance, stating confidence that the company is moving through the lowest point of the current agricultural cycle. CEO Gerrit Marx noted that disciplined production, steady channel inventories, and positive price and cost performance would support a recovery in the second half of the year.
Market reaction was positive, with the stock rising 1.88 % in pre‑market trading after the earnings announcement, driven by the company meeting EPS expectations and beating revenue estimates, as well as the reaffirmation of full‑year guidance.
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