The following is an extract from the press release “CNH Industrial N.V. Reports First Quarter 2026 Results”.
The complete press release can be consulted in the accompanying PDF on the CNH Newsroom.
- Consolidated revenues for the first quarter of 2026 were $3.8 billion, flat year-over-year including favorable currency impacts
- Reported net income of $10 million and adjusted net income(1) of $21 million
- First quarter diluted earnings per share at $0.01
- Full-year guidance reaffirmed
CNH Industrial N.V. (NYSE: CNH) reported Net income for the three months ended March 31, 2026, of $10 million, with diluted earnings per share of $0.01, compared with Net income of $132 million and basic earnings per share and diluted earnings per share of $0.10 in Q1 2025. Adjusted net income(1) for the first quarter of 2026 was $21 million compared to $132 million for the first quarter of 2025.
Consolidated revenues for the first quarter ended March 31, 2026, were $3.83 billion and Net Sales of Industrial Activities were $3.17 billion, both flat with Q1 2025.
Net cash provided by operating activities was $35 million, and Free cash flow absorption of Industrial Activities was $589 million in Q1 2026.
Income tax expense was $4 million ($47 million in Q1 2025) with an effective tax rate (“ETR”) of 30.8% (29.0% in Q1 2025). The adjusted ETR(1) was 20.0% for the first quarter (29.0% in Q1 2025).
“While the first quarter reflected historically low North American agricultural equipment demand, a complex trade environment, and ongoing challenges in Brazil, our performance was consistent with expectations,” said Gerrit Marx, Chief Executive Officer of CNH. “The team stayed disciplined by managing production carefully, holding channel inventories steady, and delivering positive price and product cost performance through operational efficiency and quality improvements. We believe the industry is moving through the lowest period of the current agriculture cycle, assuming global trade routes are open. Our focus remains on positioning CNH for the market recovery ahead, supporting our customers with strong products and technology, and creating durable, long-term value.”
Basildon, April 30, 2026