CMI · 10-Q · 2026Q3 · Full report

Accelera Divestiture and Charge

CUMMINS INC · 2026-11-05 · Importance 34 · Surprise 42 · In source text

On March 31, 2026, Cummins sold its low pressure fuel cell business to a customer, cancelled future commitments and resolved certain claims with that customer. The transactions resulted in a $175 million net payment by Cummins and a $199 million net charge recorded in other operating expense. The charge included an unfavorable tax impact because no tax benefit was recognized. Accelera’s nine-month segment EBITDA included the $199 million net charge, while quarterly Accelera sales declined $18 million, mainly due to lower electrolyzer sales.

Key facts

• On March 31, 2026, Cummins sold its low-pressure fuel-cell business to a customer, cancelled future commitments and resolved certain claims against it, resulting in a net payment of $175 million and a net charge of $199 million. source
• In the first quarter of 2026, Cummins sold its low pressure fuel cell business to a customer, cancelled future commitments and resolved certain claims, resulting in a net payment of $175 million. source
• Cummins' other operating expense, net, decreased $217 million in the three months ended September 30, 2026, primarily because the third-quarter 2025 Accelera goodwill impairment charge did not recur. source
• Cummins' other operating expense, net, was relatively flat in the nine months ended September 30, 2026, as the low-pressure fuel-cell business sale loss was offset by the absence of the third-quarter 2025 Accelera goodwill impairment charge. source

Impact estimates