CNH Industrial reported fourth-quarter 2025 revenue of $5.16 billion, surpassing analyst expectations, with solid performance across its agriculture and construction equipment divisions. Despite the strong quarterly result, the company's outlook for 2026 prompted a market selloff, as management guided for adjusted earnings per share of 35-45 cents—substantially below consensus estimates of 54 cents per share.
The downward guidance reflects continued pressure on global agricultural demand, with CNH Industrial projecting a further 5% decline in retail demand throughout 2026. The headwinds stem from structural challenges facing the farming sector, including persistently low crop prices and elevated input costs that have constrained farmer purchasing power and capital investment decisions.
The stock declined 2.43% following the announcement. Industry observers note that market recovery in the agricultural equipment sector is not anticipated until 2027, as farmers await improvement in commodity prices and margin conditions necessary to justify equipment purchases and upgrades.