CMI · 10-Q · 2026Q2 · Full report

Acquisition / Partnership / Divestiture

CUMMINS INC · 2026-08-04 · Importance 46 · Surprise 42 · Matches filing data

On March 31, 2026, Cummins sold its low-pressure fuel-cell business to a customer and cancelled future commitments. The transaction also resolved certain current and future customer claims and required a net cash payment of $175 million. The combined transactions produced a $199 million net charge recorded in other operating expense, net. The charge reduced first-half operating income and was included in the Accelera segment’s strategic transition toward electrified technologies.

Key facts

• In the first quarter of 2026, Cummins sold its low pressure fuel cell business, cancelled future commitments and resolved certain claims resulting in a net payment by Cummins of $175 million and a net charge of $199 million source
• In the first quarter of 2026, we sold our low pressure fuel cell business to a customer, cancelled future commitments and resolved certain claims against us with that customer resulting in a net payment by us of $175 million. source

Impact estimates