CNH Industrial N.V. Reports Second Quarter 2026 Results

CNH Industrial N.V. Reports Second Quarter 2026 Results

Consolidated revenues for the second quarter of 2026 were $4.8 billion, up 2% year-over-year

Reported Net income of $141 million and adjusted Net income ( 1) of $161 million

Second quarter diluted earnings per share at $0.11

Returned $0.2 billion to shareholders through dividends and share repurchases

Full-year guidance narrowed to the higher end of the previous ranges

Basildon, UK - August 3, 2026 - CNH Industrial N.V. (NYSE: CNH) reported Net income for the three months ended June 30, 2026, of $141 million, with basic earnings per share and diluted earnings per share of $0.11, compared with Net income of $217 million and basic earnings per share and diluted earnings per share of $0.17 in Q2 2025.

Adjusted Net income ( 1) for the second quarter of 2026 was $161 million compared to $216 million for the second quarter of 2025.

Consolidated revenues for the second quarter ended June 30, 2026, were $4.80 billion, and Net Sales of Industrial Activities were $4.14 billion, both up compared to Q2 2025.

Net cash provided by operating activities was $145 million, and Free cash flow of Industrial Activities was $150 million in Q2 2026.

Income tax expense was $43 million ($76 million in Q2 2025) with an effective tax rate (“ETR”) of 25.0% (27.6% in Q2 2025).

The adjusted ETR ( 1) was 25.1% for the second quarter (27.7% in Q2 2025).

“Our second quarter results reflect disciplined execution by the CNH team in a market that remains at the trough of the agriculture cycle,” said Gerrit Marx, Chief Executive Officer of CNH.

“Despite the industry conditions, we delivered year-over-year revenue growth and continued progress on our strategic priorities, including quality, sourcing, operational efficiency, and dealer network consolidation.

While farmer economics remain pressured, we are seeing constructive equipment-cycle indicators, including dealer inventory normalization, aging fleets, and a more balanced relationship between new and used equipment pricing.

We remain focused on supporting our dealers and customers today while investing in the iron and technology capabilities that will strengthen CNH through the next cycle.”

2026 Second Quarter Results US-GAAP ($ millions, except per share data) Q2 2026 Q2 2025 Change Change at c.c. ( 2) Consolidated revenues 4,803 4,711 +2% —% of which Net sales of Industrial Activities 4,143 4,021 +3% 1% Net income 141 217 (35)% Diluted EPS 0.11 0.17 (0.06) Cash flow provided by operating activities 145 772 (627) NON-GAAP ( 1) ($ millions, except per share data) Q2 2026 Q2 2025 Change Adjusted EBIT of Industrial Activities 167 224 (25)% Adjusted EBIT margin of Industrial Activities 4.0% 5.6% (160) bps Adjusted Net income 161 216 (25)% Adjusted diluted EPS $ 0.13 0.17 (0.04) Free cash flow of Industrial Activities 150 451 (301) Agriculture ($ millions) Q2 2026 Q2 2025 Change Change at c.c. ( 2) Net sales 3,277 3,248 +1% (1)% Adjusted EBIT 170 263 (35)% Adjusted EBIT margin ( 1) 5.2% 8.1% (290) bps

In North America, second quarter industry sales volume was down 16% year-over-year for tractors under 140 HP and down 17% for tractors over 140 HP; combines were down 7%.

In Europe, Middle East and Africa ("EMEA"), tractor and combine demand down 11% and 1%, respectively.

South America saw tractor and combine demand decline 8% and 29%, respectively.

In Asia Pacific, tractor demand increased 15%, while combine demand decreased 48%.

Agriculture Net sales were flat year-over-year in the quarter at $3.3 billion, a result of favorable price realization, offset by lower volumes in South America.

Adjusted EBIT decreased to $170 million from $263 million in Q2 2025, primarily due to lower volumes in South America, unfavorable mix in North America and EMEA, the impact of tariffs, higher Selling, general and admi...