CMI · 10-Q · 2026Q2 · Full report

Geographic Market Commentary

CUMMINS INC · 2026-08-04 · Importance 48 · Surprise 40

International sales increased 12 percent in the second quarter and 14 percent in the first half of 2026, outpacing growth in the United States and Canada. China and Asia Pacific were key contributors in the second quarter, while China, Europe and Asia Pacific drove the first-half increase. United States and Canada sales rose 8 percent in the second quarter, supported by power-generation equipment and medium-duty trucks, but increased only 1 percent in the first half as lower on-highway demand offset power-generation growth. International markets represented 41 percent of total sales in the second quarter and 42 percent in the first half, compared with 40 percent and 39 percent, respectively, in the prior-year periods.

Key facts

• International sales (excludes the U.S. and Canada) improved 12 percent in the three months ended June 30, 2026 versus 2025 source
• International sales (excludes the U.S. and Canada) improved 14 percent in the six months ended June 30, 2026 versus 2025 source
• Net sales in the U.S. and Canada improved 8 percent in the three months ended June 30, 2026 versus 2025 source
• Net sales in the U.S. and Canada improved 1 percent in the six months ended June 30, 2026 versus 2025 source
• Foreign currency fluctuations were favorable 2 percent for the three months ended June 30, 2026 (primarily Chinese renminbi and Euro) and favorable 4 percent for the six months ended June 30, 2026 (primarily Euro and Chinese renminbi) source
• Sales to international markets (excludes the U.S. and Canada) for three and six months ended June 30, 2026 were 41% and 42% of total net sales respectively, compared with 40% and 39% in comparable 2025 periods source
• Company serves customers through approximately 640 wholly-owned, joint venture and independent distributor locations and more than 13,000 Cummins certified dealer locations in approximately 190 countries and territories source