CMI · Industrials

CUMMINS INC

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

News · 2026-08-08

• EPA Emissions TransitionImportance 47 · Surprise 60
  Cummins is adapting its engine portfolio to changes in U.S. Environmental Protection Agency emissions requirements. The company is launching new engine platforms for 2027 following EPA emissions-regulation changes,…
• Product Launch and TransitionImportance 31 · Surprise 42
  Cummins plans to launch its X15 engine in 2027, with limited production beginning in January and full production targeted for the fourth quarter. The X15N belongs to a fuel-agnostic 15-liter platform designed for…

News · 2026-08-07

• Mining Products and TechnologyImportance 31 · Surprise 42
  Cummins introduced updates to its QSK60 high-horsepower mining engine and added capabilities to the PrevenTech remote-monitoring platform. The company is accelerating hybrid-electric haulage solutions to improve…

News · 2026-08-06

• Guidance / OutlookImportance 85 · Surprise 76
  Cummins raised its full-year 2026 revenue-growth outlook to 10%-13%, implying approximately $37 billion-$38 billion of revenue. Management also increased its full-year EBITDA-margin outlook to 18.0%-18.5%. The improved…
• Operating Margin DriversImportance 58 · Surprise 42
  Second-quarter 2026 adjusted EPS was reported at $6.94, below the $7.33 consensus estimate, despite revenue growth. Higher incentive compensation, research and development expense, freight, and tariff costs pressured…

News · 2026-08-05

• End-Market Demand TrendsImportance 62 · Surprise 58
  Cummins reported robust customer orders for standby power equipment serving AI-driven data centers, alongside improving North American truck markets. Power Systems revenue increased 19% year over year, reflecting…
• Operating Margin DriversImportance 58 · Surprise 42
  Second-quarter 2026 adjusted EPS was reported at $6.94, below the $7.33 consensus estimate, despite revenue growth. Higher incentive compensation, research and development expense, freight, and tariff costs pressured…
• ESG and sustainabilityImportance 49 · Surprise 66
  Cummins continues its Destination Zero strategy, which commits the company to investment in zero-emissions technologies. Accelera revenue increased 38% year over year, reflecting demand associated with zero-emissions…
• Operating Cash Flow TrendsImportance 44 · Surprise 24
  Cummins generated $1.499 billion of operating cash flow in the second quarter of 2026. Free cash flow exceeded Street estimates by 150%, according to third-party reporting. Strong operating cash flow supported $501…
• Revenue Performance and MixImportance 43 · Surprise 32
  Cummins reported record second-quarter 2026 sales of $9,457 million, up 9% year over year from $8,643 million. Power Systems revenue increased 19%, driven by demand for standby power supporting data centers. Accelera…
• Manufacturing and CapacityImportance 31 · Surprise 42
  Cummins is investing in its Daventry, United Kingdom, plant to expand capacity for high-capacity generators, particularly for data-center customers. The facility is adding AGV-driven assembly lines and new CNC machines…

10-Q · 2026-08-04

• EPA Emissions TransitionImportance 71 · Surprise 60
  Cummins remains subject to settlement agreements finalized in April 2024 with the U.S. EPA, California Air Resources Board, U.S. Department of Justice and California Attorney General’s Office. The agreements resolve…
• Operating Cash Flow TrendsImportance 69 · Surprise 64
  Cash provided by operating activities increased to $1,808 million in the first six months of 2026 from $782 million in the comparable 2025 period. The $1,026 million improvement occurred despite first-half net income…
• Capital Expenditure ProgramImportance 66 · Surprise 58
  Cummins is investing in new product lines and targeted capacity expansions to support its engine and power solutions portfolio. Capital expenditures were $438 million in the first six months of 2026, up 11.5% from $393…
• Capital Return ProgramImportance 52 · Surprise 42
  Cummins repurchased $468 million of common stock, representing 0.8 million shares, during the first half of 2026. The repurchases reduced weighted-average shares and increased diluted second-quarter EPS by $0.01 and…
• Liquidity and Cash PositionImportance 49 · Surprise 6
  Cummins held $3.9 billion of cash and marketable securities at June 30, 2026. The company also had access to $4.0 billion of credit facilities, net of $348 million of commercial paper outstanding, for working capital,…
• End-Market Demand TrendsImportance 48 · Surprise 40
  Worldwide revenue increased 9 percent in the second quarter and 6 percent in the first half of 2026, driven primarily by higher demand for power generation equipment, especially data center and commercial applications,…
• Geographic Market CommentaryImportance 48 · Surprise 40
  International sales increased 12 percent in the second quarter and 14 percent in the first half of 2026, outpacing growth in the United States and Canada. China and Asia Pacific were key contributors in the second…
• Acquisition / Partnership / DivestitureImportance 46 · Surprise 42
  On March 31, 2026, Cummins sold its low-pressure fuel-cell business to a customer and cancelled future commitments. The transaction also resolved certain current and future customer claims and required a net cash…
• ESG and sustainabilityImportance 46 · Surprise 42
  Cummins stated that slower adoption of zero-emission solutions reduced Accelera’s near-term revenue outlook. The company undertook significant restructuring actions in 2024 and 2025 and refined its strategic investment…
• Trade Policy and TariffsImportance 44 · Surprise 60
  Cummins reported that the U.S. imposed tariffs on certain countries and products in 2025, followed by retaliatory tariffs and other trade actions against U.S. goods and services. On February 20, 2026, the U.S. Supreme…
• Guidance / OutlookImportance 44 · Surprise 60
  For the remainder of 2026, Cummins expects strong demand in Power Systems power generation and industrial markets, stable aftermarket demand, and continued strong medium-duty and heavy-duty truck demand in North…
• Revenue Performance and MixImportance 43 · Surprise 32
  Second-quarter 2026 net sales increased 9% year over year to $9,457 million from $8,643 million, while six-month sales increased 6% to $17,855 million from $16,817 million. Power Systems sales increased 19% in both…
• Outstanding IndebtednessImportance 42 · Surprise 14
  Total debt was $7.695 billion at June 30, 2026, compared with $7.552 billion at December 31, 2025. Debt represented 35.6% of total capital, down from 36.0% at year-end 2025. Cummins maintained two unsecured revolving…
• Operating Margin DriversImportance 31 · Surprise 32
  Gross margin increased $184 million in the second quarter and $272 million in the first half of 2026, primarily because of higher volumes and favorable pricing. Second-quarter gross margin declined 0.3 percentage…
• Product Launch and TransitionImportance 31 · Surprise 42
  Cummins offers advanced diesel, electric and hybrid powertrains, integrated power-generation systems, and zero-emissions technologies including battery and electric powertrain systems. Accelera is commercializing…
• Income Tax Rate ChangesImportance 25 · Surprise 32
  The effective tax rate was 25.1% in the second quarter of 2026 and 26.0% for the first six months, compared with 24.2% and 24.1% in the prior-year periods. Second-quarter tax expense included $29 million of unfavorable…
• Operating Expense TrendsImportance 24 · Surprise 14
  Selling, general and administrative expense increased $114 million in the second quarter and $188 million in the first half of 2026, with expense ratios rising 0.4 and 0.5 percentage points to 9.4% and 9.7%. The…

8-K · 2026-08-04

• Guidance and OutlookImportance 80 · Surprise 68
  Cummins raised its full-year 2026 revenue growth outlook to 10%–13% from the prior range of 8%–11%. The revised revenue outlook reflects stronger demand in North American on-highway markets, China construction and…
• Guidance / OutlookImportance 80 · Surprise 68
  Cummins raised its full-year 2026 revenue guidance to growth of 10% to 13%, from prior guidance of 8% to 11%. The increase reflects stronger demand particularly in North American on-highway, China construction and…
• Operating Cash Flow and CapexImportance 69 · Surprise 64
  Operating cash flow increased to $1.499 billion in the second quarter from $785 million a year earlier. Six-month operating cash flow reached $1.808 billion, compared with $782 million in the first half of 2025.…
• Capital Return ProgramImportance 62 · Surprise 58
  Cummins returned $501 million to shareholders during the second quarter through cash dividends and share repurchases. Second-quarter common-stock dividend payments totaled $276 million, while share repurchases totaled…
• End-Market Demand TrendsImportance 60 · Surprise 40
  Cummins reported robust customer orders for standby power supporting data centers and improving North American truck markets. Power Systems sales increased 19% to $2.3 billion, with North American and international…
• Zero-Emissions Investment StrategyImportance 60 · Surprise 74
  Cummins stated that it remains committed to pacing and focusing its zero-emissions investments on the most promising paths under its Destination Zero strategy. The company said it is reducing the rate of ongoing EBITDA…
• Revenue Performance and MixImportance 49 · Surprise 32
  Second-quarter 2026 revenue reached a record $9.5 billion, up 9% year over year from $8.643 billion. North American sales increased 8%, while international revenue rose 12%, led by China. Power Systems revenue…
• Geographic Market CommentaryImportance 48 · Surprise 40
  Second-quarter North American sales increased 8%, while international revenues increased 12%, led by growth in China. Engine revenues rose 23% internationally on stronger Chinese construction demand, and Components…
• Emissions Regulation TransitionImportance 47 · Surprise 60
  Cummins updated its Model Year 2027 North American on-highway product launch plans after the U.S. Environmental Protection Agency proposed changes to upcoming emissions regulations. The company plans a measured…
• Acquisition / Partnership / DivestitureImportance 46 · Surprise 42
  Cummins sold its low-pressure fuel-cell business to a customer during the first quarter of 2026. The transaction included cancellation of future commitments and resolution of certain customer claims, requiring a net…
• Capacity and Product InvestmentsImportance 44 · Surprise 42
  At its May 2026 Analyst Day, Cummins raised its 2030 financial targets, citing stronger market positions and rising demand across key markets. The company also announced disciplined capacity and product investments…
• Operating Margin DriversImportance 42 · Surprise 14
  Second-quarter EBITDA increased to $1.653 billion from $1.587 billion, but EBITDA margin declined to 17.5% from 18.4% year over year. The company attributed the margin decline primarily to higher incentive compensation…
• Data Center Power SolutionsImportance 37 · Surprise 42
  Cummins agreed with Circe Energy to provide a series of natural gas generator sets for a scalable, behind-the-meter prime-power microgrid supporting Circe’s High-Performance Computing data center in Texas. Deliveries…
• Product Launch and TransitionImportance 37 · Surprise 42
  Cummins updated its Model Year 2027 North American on-highway product launch plans following the EPA’s proposed changes to upcoming emissions regulations. The company will introduce new X10 and X15 engines through a…
• AI Data Center PartnershipImportance 37 · Surprise 42
  In June 2026, Cummins announced an agreement with Circe Energy to supply natural-gas generator sets for a behind-the-meter prime-power microgrid supporting an HPC data center in Texas. Deliveries are scheduled from…
• Liquidity and Debt PositionImportance 36 · Surprise 14
  Cash, cash equivalents and marketable securities increased to $3.924 billion at June 30, 2026, from $3.609 billion at December 31, 2025. Accounts and notes receivable rose to $6.585 billion and inventories increased to…
• Operating Expense TrendsImportance 29 · Surprise 22
  Second-quarter selling, general and administrative expense increased to $893 million from $779 million, a 14.6% year-over-year increase. Research, development and engineering expense rose to $385 million from $357…
• Income Tax Rate ChangesImportance 18 · Surprise 14
  The second-quarter 2026 effective tax rate was 25.1%, compared with 24.2% in the second quarter of 2025. The quarter included $29 million of unfavorable discrete tax items, or $0.21 per diluted share, consisting…

News · 2026-08-04

• Guidance / OutlookImportance 85 · Surprise 76
  Cummins raised its full-year 2026 revenue-growth outlook to 10%-13%, implying approximately $37 billion-$38 billion of revenue. Management also increased its full-year EBITDA-margin outlook to 18.0%-18.5%. The improved…
• End-Market Demand TrendsImportance 62 · Surprise 58
  Cummins reported robust customer orders for standby power equipment serving AI-driven data centers, alongside improving North American truck markets. Power Systems revenue increased 19% year over year, reflecting…
• Operating Margin DriversImportance 58 · Surprise 42
  Second-quarter 2026 adjusted EPS was reported at $6.94, below the $7.33 consensus estimate, despite revenue growth. Higher incentive compensation, research and development expense, freight, and tariff costs pressured…
• AI Data Center BuildoutImportance 56 · Surprise 42
  Demand for standby power equipment is accelerating as AI-driven data centers expand globally. Cummins reported a new multi-year agreement to supply backup-power gensets to a global hyperscaler. Management identified…
• Capital Return ProgramImportance 50 · Surprise 58
  Cummins increased its quarterly dividend from $2.00 to $2.20 per share, a 10% increase. The new dividend implies an annualized payout of $8.80 per share. The company returned $501 million to shareholders through…
• EPA Emissions TransitionImportance 47 · Surprise 60
  Cummins is adapting its engine portfolio to changes in U.S. Environmental Protection Agency emissions requirements. The company is launching new engine platforms for 2027 following EPA emissions-regulation changes,…
• Operating Cash Flow TrendsImportance 44 · Surprise 24
  Cummins generated $1.499 billion of operating cash flow in the second quarter of 2026. Free cash flow exceeded Street estimates by 150%, according to third-party reporting. Strong operating cash flow supported $501…
• Revenue Performance and MixImportance 43 · Surprise 32
  Cummins reported record second-quarter 2026 sales of $9,457 million, up 9% year over year from $8,643 million. Power Systems revenue increased 19%, driven by demand for standby power supporting data centers. Accelera…