CNH Industrial profit falls 48% to $35 million
Key points
- CNH Industrial reported third-quarter 2026 revenue of US$4.35 billion, down 1% year-over-year, while net income fell 48% to US$35 million.
- Adjusted net income increased 88% to US$205 million, supported partly by US$109 million in pre-tax tariff refunds.
- CNH increased its 2026 adjusted EPS guidance to US$0.44–US$0.48 and Industrial Activities free cash flow guidance to US$300 million–US$450 million.
CNH Industrial (NYSE:CNH) reported third-quarter 2026 revenue of US$4.35 billion, down 1% year-over-year, while net income declined 48% to US$35 million.
Adjusted net income, a non-GAAP measure, increased 88% to US$205 million from US$109 million, while adjusted diluted EPS doubled to US$0.16 from US$0.08.
The results included a US$156 million non-cash valuation allowance against Financial Services' deferred tax assets in Brazil, while the company recognized US$109 million in pre-tax tariff refunds during the quarter.
Agriculture sales declined while Construction sales increased, as CNH agreed to sell a 70% interest in its Construction Equipment business to Kobelco, retaining a 30% stake in the joint venture.
CNH raised its 2026 adjusted diluted EPS guidance to US$0.44–US$0.48 and Industrial Activities free cash flow guidance to US$300 million–US$450 million, while nine-month net income fell 55% to US$186 million.
