CMI · 10-Q · 2026Q2 · Full report

Operating Cash Flow Trends

CUMMINS INC · 2026-08-04 · Importance 69 · Surprise 64 · Matches filing data

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 attributable to Cummins declining 7% to $1,586 million. Diluted earnings per share declined 8% to $11.44 from $12.38, while stronger operating cash generation improved liquidity available for investment, acquisitions and funding needs.

Key facts

• Lower working capital requirements resulted in a cash outflow of $377 million compared to a cash outflow of $1,347 million in the comparable period of 2025. source
• Cash from operations for six months ended June 30, 2026: $1,808 million compared to $782 million for same period in 2025 source
• Net cash provided by operating activities increased $1,026 million for the six months ended June 30, 2026 versus the comparable period in 2025, primarily due to lower working capital requirements of $970 million. source
• Net cash provided by operating activities was $1,808 million for the six months ended June 30, 2026. source
• Net cash (used in) provided by financing activities was $(1,041) million for the six months ended June 30, 2026. source
• Net cash used in investing activities was $(429) million for the six months ended June 30, 2026. source
• Net cash used in investing activities decreased $186 million for the six months ended June 30, 2026 versus the comparable period in 2025, primarily due to lower net investments in marketable securities. source

Impact estimates