CNH Industrial(NYSE) CNH

CNH Industrial N.V. builds heavy machinery that helps farmers grow and harvest food. The company also makes equipment for builders to construct roads and buildings. Its finance team provides the loans and credit that customers need to buy these machines.

Tractors, Diggers, and Dollars

• Agriculture: Tractors, combines, and hay tools for farming; generated $5,873 million in net sales for the six-month period ended June 30, 2026.
• Construction: Excavators, loaders, and graders for building projects; generated $1,440 million in net sales for the six-month period ended June 30, 2026.
• Financial Services: Retail financing for customers and wholesale funding for dealers; recorded $1,302 million in revenue for the six-month period ended June 30, 2026.

Expanding the Tech Toolkit

• Invested $462 million in research and development during the first half of 2026 to advance precision technology and new product lines.
• Undertook restructuring actions costing $31 million in early 2026 to optimize the dealer network and improve efficiency.
• Submitted claims for tariff refunds following a Feb. 20, 2026, Supreme Court decision that invalidated certain import costs.
• Maintained a global supply chain with regional manufacturing and global sourcing to manage costs across different markets.

What Sets the Company Apart?

The company operates a global distribution network supported by more than 3,600 dealer and distribution outlets. By managing its own financial division, it provides essential credit access and wholesale funding that helps its widespread dealer base maintain inventory.

The Financial Scorecard

• Total revenues reached $8,629 million for the six months ended June 30, 2026, up 1.1% year over year.
• Net income for the first half of 2026 was $151 million, compared with $349 million in the prior-year period.
• The managed portfolio in the Financial Services segment was $28 billion as of June 30, 2026.
• Cost of goods sold rose to 82.1% of net sales for the first half of 2026, up from 80.1% year over year.
• Total available liquidity was $8,897 million as of June 30, 2026.

Bottom Line

CNH has shifted its focus toward precision technology and cost efficiency while navigating a cyclical downturn in the agricultural market. The company balances industrial manufacturing with a large financial services wing to support its global customer base.