CNH Industrial Q1 net income falls to $10 million from $132 million; guidance kept
CNH Industrial reported first-quarter 2026 net income of $10 million, or $0.01 per diluted share, down from $132 million, or $0.10, a year earlier. Revenue was flat at $3.83 billion, and the company reaffirmed its full-year 2026 outlook, including adjusted diluted EPS of $0.35 to $0.45. The sharp profit decline, driven by weak agriculture demand, tariffs and higher costs, matters to shareholders because it shows earnings pressure that the reaffirmed guidance has not yet reversed.
Key points
- Q1 2026 net income $10 million vs $132 million in Q1 2025; adjusted net income $21 million
- Adjusted EBIT of Industrial Activities was -$45 million vs $101 million; Agriculture adjusted EBIT $27 million vs $139 million
- Net cash provided by operating activities $35 million vs $162 million a year earlier
- 2026 outlook reaffirmed, including Industrial Activities free cash flow of $150 million to $350 million
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.