CNH Global N.V. (NYSE: CNH) reported Q1 EPS of $0.01, $0.01 better than the analyst estimate of $0.00. Revenue for the quarter came in at $3.83 billion versus the consensus estimate of $3.71 billion.

2026 Outlook

Farmers continue to face challenging market dynamics, including low commodity prices, high input costs, and an uncertain trade environment. CNH’s Agriculture segment has and will continue to respond to these market dynamics by maintaining low production levels, working with its dealer network to lower channel inventory, pursuing cost efficiencies, and managing rapid changes in trade policies. CNH’s Construction segment will continue to focus on quality, manufacturing efficiencies, and tariff cost offset opportunities.

While rapid changes in tariff and transportation costs create headwinds for CNH, the Company is confident that its sales execution, cost discipline, and manufacturing performance will allow it to deliver the forecast previously communicated.

Consequently, the Company is reaffirming its 2026 outlook:

Agriculture segment adjusted EBIT margin between 4.5% and 5.5%
Construction segment adjusted EBIT margin between 1.0% and 2.0%

Free Cash Flow of Industrial Activities(3) between $150 million and $350 million

CNH Global N.V. sees FY2026 EPS of $0.35-$0.45, versus the consensus of $0.42.

For earnings history and earnings-related data on CNH Global N.V. (CNH) click here.