| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 3.2K | 0.1% |
| Total Income | 3.2K | 0.1% |
| Expenditure | 3.2K | 5.5% |
| PBT | 13.00 | 92.0% |
| Net Profit | 7.00 | 94.7% |
| OPM | — | |
| NPM | 0.22% | 3.91pp |
| EPS | 0.01 | 90.0% |
CNH Industrial Reports Q1 2026 Net Income of $10 Million, Reaffirms Full-Year Guidance
30 Apr 2026 · 30 Apr, 4:07 pm
Summary
CNH Industrial N.V. reported consolidated revenues of $3.83 billion for the first quarter of 2026, which remained flat year-over-year. The company's net income saw a significant decline, falling to $10 million from $132 million in Q1 2025, with diluted earnings per share at $0.01. Adjusted EBIT for Industrial Activities was negative $(45) million, leading to a (1.4)% margin, primarily due to challenging market conditions in North American agriculture and Brazil. Despite these headwinds, CEO Gerrit Marx noted that performance was consistent with expectations, highlighting disciplined production management and stable channel inventories. The company reaffirmed its full-year guidance, expressing confidence in its ability to deliver forecasts by positioning for an anticipated market recovery.
Key Highlights
- 1
Consolidated revenues for the first quarter of 2026 were $3.83 billion, remaining flat year-over-year, including favorable currency impacts.
- 2
Reported net income for Q1 2026 significantly decreased to $10 million, down 92% from $132 million in Q1 2025.
- 3
Diluted earnings per share for the quarter stood at $0.01, a substantial decline from $0.10 in the prior year period.
- 4
Adjusted net income for the first quarter of 2026 was $21 million, an 84% decrease compared to $132 million in Q1 2025.
- 5
Adjusted EBIT of Industrial Activities turned negative at $(45) million, a 145% decrease from $101 million in Q1 2025, resulting in an adjusted EBIT margin of (1.4)%.
- 6
Free cash flow absorption of Industrial Activities increased to $589 million in Q1 2026, up from $567 million in Q1 2025.
- 7
CNH Industrial reaffirmed its full-year guidance for 2026, anticipating a market recovery ahead despite current challenges.
Management Comments
Gerrit Marx
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. 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.
Informational and educational content only. Not investment advice.