CMI · 10-Q · 2026Q2 · Full report

Guidance / Outlook

CUMMINS INC · 2026-08-04 · Importance 44 · Surprise 60

For the remainder of 2026, Cummins expects strong demand in Power Systems power generation and industrial markets, stable aftermarket demand, and continued strong medium-duty and heavy-duty truck demand in North America. Management warned that higher costs, tariffs and other inflationary pressures could reduce earnings. Trade disruptions, including embargoes, sanctions, export controls and the ongoing conflict in Iran, could interrupt production and raise oil and other input costs. Cummins is taking supply-chain mitigation actions and working with customers to pass through incremental costs.

Key facts

• Outlook: Company expects demand within markets served by Power Systems to remain strong including power generation and industrial markets for 2026 source
• Outlook: Company anticipates aftermarket business will remain stable, driven primarily by demand in Engine and Power Systems businesses source
• Outlook: Company expects strong demand for medium-duty and heavy-duty trucks in North America to continue for the remainder of 2026 source