UK's CNH Industrial tops Q2 revenue and profit estimates

CNH Industrial

03/08/2026 11:42

Overview
UK agricultural and construction equipment maker's Q2 revenue rose 2%, beating analyst expectations
Adjusted EPS for Q2 beat consensus
Company narrowed full-year guidance to higher end of prior ranges

Outlook
CNH expects 2026 adjusted diluted EPS between $0.41 and $0.46
Company forecasts agriculture segment net sales about flat year-over-year, including +2% currency translation effects
CNH sees construction segment net sales up 5% to 10% year-over-year, including +2% currency translation effects

Result Drivers
AGRICULTURE SEGMENT - Flat net sales driven by favorable price realization, offset by lower volumes in South America and unfavorable mix in North America and EMEA
CONSTRUCTION SEGMENT - Net sales rose 12% on higher volumes in North America, including delayed shipments from Q1, but adjusted EBIT declined due to tariffs and higher R&D expenses
FINANCIAL SERVICES - Revenue fell 4% due to lower volumes in South America and North America, reduced used equipment sales, and margin compression in all regions except North America

Company press release: ID:nGNE24tMfS

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$4.80 bln
$4.38 bln (12 Analysts)
Q2 Adjusted EPS
Beat
$0.13
$0.10 (16 Analysts)
Q2 EPS
 
$0.11
 
Q2 Adjusted Net Income
Beat
$161 mln
$134.61 mln (5 Analysts)
Q2 Net Income
 
$141 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"
Wall Street's median 12-month price target for CNH Industrial NV is $12.13, about 18.3% above its July 31 closing price of $10.25
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 21 three months ago

Reuters Recommended Reads
Aug 3 - India's Escorts Kubota posts rise in adjusted quarterly profit on stronger demand
July 31 - Randoncorp controlling shareholder launches offer for common shares
July 31 - Paul Mueller H1 revenue rises driven by industrial equipment segment growth

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)