CMI · 8-K · 20261105PR000035

Guidance / Outlook

CUMMINS INC · 2026-11-05 · Importance 62 · Surprise 68 · In source text

Cummins forecast full-year 2026 revenue growth of approximately 10%, reduced from its prior guidance range of 10% to 13%. It expected full-year EBITDA margin of approximately 18.2%, unchanged from its prior 18% to 18.5% range and excluding charges related to the first-quarter sale of the low-pressure fuel cell business. The company attributed the revenue guidance reduction primarily to weaker-than-expected North American pickup truck demand and said fourth-quarter revenue was expected to exceed third-quarter levels and set a record.

Key facts

• Cummins expects full-year 2026 revenue growth of approximately 10%, compared with prior guidance of 10% to 13%. source
• Cummins said it expects fourth-quarter 2026 revenues to increase from third-quarter levels and set a new record. source
• Cummins expects full-year 2026 EBITDA margins of approximately 18.2%, consistent with prior guidance of 18% to 18.5%, excluding charges related to the sale of the low-pressure fuel cell business in the first quarter. source
• Cummins updated full-year revenue and profitability guidance primarily because weaker-than-expected North American pickup truck demand affected the third quarter and was expected to persist through year-end. source

Impact estimates