Kubota continues to report growth in revenue and profit as its 2026 fiscal year continues, set to be further enhanced by a potential tariff refund.
Consolidated revenue for the first six months was up 16.2% to $10.7 billion, and operating profit jumped 64.7% year-over-year to $1.5 billion. Key drivers for the profit growth included price revisions and higher sales volumes in North America for the company’s Farm & Industrial Machinery division, favorable currency exchange rates and U.S. tariff refunds.
However, these positive factors were partially offset by an additional $150 million in U.S. tariff costs. Looking ahead, though, Kubota expects about $220 million in tariff refunds to help boost its operating profit for the full fiscal year. Kubota reported a $420 million negative impact on its 2025 operating profit due to U.S. tariffs.
The Farm & Industrial Machinery segment — encompassing its agriculture and construction equipment businesses — reported an 18.1% increase in revenue to $9.5 billion, driven in part by a continuously firm North American construction machinery market supported by public investment and private construction demand. Operating profit in the segment rose 56.4% year-over-year in the quarter to $1.3 billion.
Powered byNorth American revenue in Kubota's Farm & Industrial Machinery segment was up 25% in the second quarter to $4.4 billion. Global sales of construction equipment were up 36.4% year-over-year in the second quarter to $2.3 billion.
In the second quarter of 2026, Kubota sold 6,862 new financed construction machines in the U.S., according to Fusable’s EDA equipment finance data. Popular models included the SVL97-3 and SVL75-3 compact track loader and the SCL1000 stand-on mini loader. (EDA is owned by Fusable, which also owns Equipment World).
For the full fiscal year, Kubota expects consolidated revenue of $20.7 billion, representing an 8.7% year-over-year. Operating profit for the 2026 fiscal year is forecast to grow 50.7% year-over-year to $2.5 billion.
