CMI · 10-Q · 2026Q3 · Full report

Net Income and EPS Performance

CUMMINS INC · 2026-11-05 · Importance 69 · Surprise 64 · No source text

Third-quarter 2026 net income attributable to Cummins was $1.140 billion, or $8.25 per diluted share, compared with $536 million and $3.86 per diluted share in the third quarter of 2025. Nine-month net income attributable to Cummins increased to $2.726 billion from $2.250 billion, while diluted EPS rose to $19.70 from $16.23. Higher sales and gross margin and the absence of the 2025 Accelera goodwill impairment and inventory write-down supported results; higher compensation expenses partly offset those gains. The nine-month comparison also included a $199 million loss on the sale of the low pressure fuel cell business and settlement of customer obligations; fewer shares from repurchases added $0.09 to nine-month diluted EPS.

Key facts

• Cummins' net income attributable to the company was $1.1 billion, or $8.25 per diluted share, on sales of $9.4 billion for the three months ended September 30, 2026, versus $536 million, $3.86 per diluted share and $8.3 billion in the prior-year period. source
• Cummins' net income attributable to the company was $2.7 billion, or $19.70 per diluted share, on sales of $27.3 billion for the nine months ended September 30, 2026, versus $2.3 billion, $16.23 per diluted share and $25.1 billion in the prior-year period. source
• Cummins' third-quarter 2026 net income and diluted EPS increases were primarily driven by higher sales and improved gross margin and the absence of the third-quarter 2025 Accelera goodwill impairment and inventory write-down, partly offset by higher compensation expenses. source
• Cummins' nine-month 2026 net income and diluted EPS increases were primarily driven by higher sales and improved gross margin and the absence of the third-quarter 2025 Accelera impairment and inventory write-down, partly offset by higher compensation and the low-pressure fuel-cell business sale and customer-obligation settlement loss. source

Impact estimates