CMI · 10-Q · 2026Q3 · Full report

End-Market Demand Trends

CUMMINS INC · 2026-11-05 · Importance 51 · Surprise 64 · No source text

North American medium- and heavy-duty truck demand strengthened: Engine segment shipments rose 68% for heavy-duty engines and 88% for medium-duty engines in the third quarter, while total unit shipments increased 21%. For the first nine months, international construction demand, especially in China, lifted Engine off-highway sales by $322 million; medium-duty truck demand in North America also contributed to growth. Components sales gains reflected stronger North American truck demand, including for drivetrain and braking systems, emission solutions, and components and software. Power Systems sales growth was driven by power generation demand in North America and China.

Key facts

• Cummins' worldwide revenues increased 13 percent in the three months ended September 30, 2026, primarily due to improved North American medium- and heavy-duty truck demand and higher power-generation demand, especially in data centers. source
• Cummins' worldwide revenues increased 9 percent in the nine months ended September 30, 2026, mainly due to higher power-generation demand, especially in data centers, and demand in North American medium- and heavy-duty trucks and international construction markets. source

Impact estimates