CMI · 8-K · 20260804PR000026
Guidance and Outlook
CUMMINS INC · 2026-08-04 · Importance 80 · Surprise 68 · No source text
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 power generation. Full-year EBITDA margin is now expected at 18.0%–18.5%, compared with prior guidance of 17.75%–18.5%, excluding first-quarter fuel-cell sale charges. Management expects second-half 2026 EBITDA margin to exceed the comparable 2025 period as demand remains strong.
Key facts
- Full-year 2026 revenues are expected to range from up 10% to up 13% (raised from prior guidance of up 8% to 11%) source
- Full-year 2026 EBITDA is now expected to be in the range of 18.0% to 18.5%, compared to prior guidance of 17.75% to 18.5% source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | +5.8% | Full-year 2026 revenues are expected to range from up 10% to up 13% (raised from prior guidance of up 8% to 11%) |
| margin | positive | probable | +0.1% | Full-year 2026 EBITDA is now expected to be in the range of 18.0% to 18.5%, compared to prior guidance of 17.75% to 18.5% |