CNH Industrial N.V. reported its financial results for the second quarter and first half of 2026, revealing total revenues of $4.803 billion for the three months ending June 30, 2026, a 2% increase from $4.711 billion in the same period of 2025. For the first half of 2026, revenues reached $8.629 billion, up from $8.539 billion year-over-year. The company's net income attributable to CNH Industrial N.V. was $138 million for the second quarter, down from $213 million in the prior year, while net income for the first half was $145 million, compared to $344 million in 2025. Basic earnings per share decreased to $0.11 from $0.17 for the second quarter and to $0.12 from $0.28 for the first half.
The financial performance was impacted by increased costs, with the cost of goods sold rising to $3.396 billion for the second quarter, up from $3.192 billion in 2025, and to $6.001 billion for the first half, compared to $5.761 billion in the previous year. This increase in costs was attributed to higher tariff costs and lower production volumes. Selling, general and administrative expenses also increased, reflecting higher credit risk provisions and labor costs. Research and development expenses rose to $230 million for the second quarter and $462 million for the first half, driven by new product investments and variable compensation.
Operationally, CNH Industrial's Agriculture segment reported net sales of $3.277 billion for the second quarter, a slight increase from $3.248 billion in 2025, while the Construction segment saw a more significant rise, with sales of $866 million, up 12% from $773 million. The Financial Services segment, however, experienced a decline in revenues, with $656 million for the second quarter, down 4.2% from the previous year. The company noted that retail loan originations decreased to $2.5 billion for the second quarter, reflecting economic pressures, particularly in South America.
In terms of balance sheet metrics, total assets decreased to $42.172 billion as of June 30, 2026, from $42.747 billion at the end of 2025. Total liabilities also fell to $34.319 billion from $34.922 billion, primarily due to a reduction in asset-backed debt linked to lower portfolio receivables. The company maintained a strong liquidity position, with total available liquidity of $8.897 billion, although this was a decrease from $9.816 billion at the end of 2025.
Looking ahead, CNH Industrial anticipates continued challenges in the agricultural market due to elevated input costs and uncertainty in trade policies. The company remains focused on operational efficiency, disciplined production, and strategic cost actions while investing in innovation and technology. The outlook reflects a cautious approach amid ongoing market volatility, with expectations for gradual recovery in certain commodity markets.
About CNH Industrial N.V.
CNH Industrial N.V. is a global leader in designing, manufacturing, and selling agricultural and construction equipment. Its core segments include Agriculture, Construction, and Financial Services, serving customers worldwide through a dealer network. The company emphasizes innovation, precision technology, and sustainable solutions, offering machinery, parts, and financing services to enhance productivity and efficiency in farming and construction industries.
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