CMI · 8-K · 20260804PR000026
Acquisition / Partnership / Divestiture
CUMMINS INC · 2026-08-04 · Importance 46 · Surprise 42 · In source text
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 cash payment of $175 million. The transactions produced a $199 million net charge recorded in other operating expense, and no tax benefit was recognized on the loss. Cummins also agreed with Circe Energy to provide natural-gas generator sets for a Texas HPC data center, with deliveries scheduled from 2026 through 2030.
Key facts
- In the first quarter of 2026, Cummins sold its low pressure fuel cell business to a customer, cancelled future commitments and resolved certain claims resulting in a net payment by Cummins of $175 million and a net charge of $199 million reflected in other operating expense, net source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -2.1% | In the first quarter of 2026, Cummins sold its low pressure fuel cell business to a customer, cancelled future commitments and resolved… |
| net_income | negative | realized | -2.1% | In the first quarter of 2026, Cummins sold its low pressure fuel cell business to a customer, cancelled future commitments and resolved… |
| cash | negative | realized | — | In the first quarter of 2026, Cummins sold its low pressure fuel cell business to a customer, cancelled future commitments and resolved… |