en.Wedoany.com Reported - Kubota delivered impressive results in the first quarter of fiscal year 2026, with both its construction and agricultural equipment business segments driving double-digit revenue growth. Consolidated revenue for the quarter rose 13.7% year-on-year to $5.1 billion, while operating profit surged 59.1% year-on-year to $616.4 million. The profit growth was primarily driven by increased sales volumes of construction and agricultural equipment, as well as price adjustments in North America, though these positive factors were partially offset by approximately $150 million in additional costs resulting from U.S. tariffs.
The Farm & Industrial Machinery segment, which encompasses both agricultural and construction equipment operations, posted quarterly revenue growth of 14.9% year-on-year to $4.4 billion. Regarding the performance of the North American construction machinery market, Kubota believes demand remains firm, supported by residential and public investment. The segment's quarterly operating profit increased 45% year-on-year to $500 million. In North America, the segment's revenue grew 21.7% year-on-year to $2 billion, with Kubota attributing the increase in construction machinery sales to new model launches.
Total sales revenue for the construction machinery division jumped 28.6% year-on-year in the quarter, slightly exceeding $1 billion. According to EDA equipment finance data under Fusable, Kubota sold a total of 6,595 new financed construction machines in the United States during the first three months of 2026, with popular models including the SVL97-3 compact track loader, SVL75-3 compact track loader, and SCL1000 stand-on mini loader. Fusable is also the owner of Equipment World, and EDA is owned by it.
Looking ahead to the full fiscal year, Kubota expects consolidated revenue to reach $19.8 billion, representing a 4.3% year-on-year increase; full-year operating profit is projected to grow 13% to $1.9 billion.
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