CNH

Operating beat and FY26 guidance upgrade mask a soft, trough-cycle quarter

04/08/26 -"CNH reported a soft Q2, with the topline in line and a beat on EBIT and EPS. We view the beat as low-quality, driven by a corporate one-off, with segment margins falling sharply as the cycle has yet ..."

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Published on
04/08/26
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EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

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