CNH has reported a slight increase in turnover for Q2 of 2026, totalling $4.8bn – 2% more than the same three-month period during 2025. Net profit dropped to $141m, compared to $217m during Q2 last year.
Delving deeper into its financials, the company’s agricultural division (Case IH, New Holland and Steyr) accounted for $3.3bn of the total $4.4bn turnover – 1% up on the three-month period last year.
In North America, second quarter sales volume were down 16% year-on-year for tractors under 140hp and down 17% for tractors over 140hp. Combines were down 7%.
In Europe, Middle East and Africa (EMEA), tractor and combine demand was down 11% and 1% respectively. South America saw tractor and combine demand decline 8% and 29% respectively.
For Asia Pacific, tractor demand increased 15%, while combine demand decreased 48%.
In terms of outlook, CNH expects market conditions to remain ‘flat’ for the remainder of the year and as result will maintain low production levels, while working with its dealer network to manage unsold inventory.
Construction sector positivity
Separately, the CNH Construction division enjoyed more positivity during Q2 2026, with net sales up by 12% on the period in 2025. Net sales for the division totalled $866m during Q2, with CNH forecasting 5-10% growth in construction machinery sales for the full year.
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