CMI · 10-Q · 2026Q2 · Full report
End-Market Demand Trends
CUMMINS INC · 2026-08-04 · Importance 48 · Surprise 40 · In source text
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, and international construction markets. Power Systems sales increased 19 percent in both periods, reflecting stronger power-generation demand in China and North America. Engine off-highway sales rose $219 million in the first half, mainly from international construction demand in China, while heavy-duty truck sales declined $130 million as North American demand weakened. Distribution sales increased 8 percent in the first half, principally from North American power-generation demand, particularly data centers.
Key facts
- Power Systems segment sales increased $366 million for three months and $673 million for six months ended June 30, 2026 versus comparable periods in 2025, primarily due to increased power generation sales from higher demand in China and North America source
- Distribution segment sales for the three months ended June 30, 2026 increased $285 million versus comparable period in 2025, primarily due to increased demand for power generation equipment in North America (especially data center applications) source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +7.1% | Power Systems segment sales increased $366 million for three months and $673 million for six months ended June 30, 2026 versus comparable… |
| revenue | positive | realized | +3.9% | Power Systems segment sales increased $366 million for three months and $673 million for six months ended June 30, 2026 versus comparable… |