Cummins earnings surge to $1.14 billion as sales climb 13%
Key points
- Cummins (NYSE:CMI) reported third-quarter 2026 GAAP net income of $1.14 billion, or $8.25 per diluted share, compared with $536 million a year earlier.
- Revenue increased 13% to $9.44 billion but fell below analyst estimates of approximately $9.85 billion–$9.96 billion.
- Cummins maintained its 2026 revenue growth forecast of approximately 10%, supported by demand for power generation equipment and data centre infrastructure.
Cummins (NYSE:CMI) reported third-quarter 2026 net income of $1.14 billion, or $8.25 per diluted share, as revenue increased 13% year over year to $9.44 billion.
Revenue missed analyst estimates ranging from $9.85 billion to $9.96 billion, despite higher earnings, while adjusted diluted EPS reached $7.71 for the quarter.
Third-quarter EBITDA reached a record $1.786 billion, representing 18.9% of revenue, compared with $1.187 billion and a 14.3% margin a year earlier.
However, 2026 diluted EPS included $0.54 from favourable discrete tax items, while the company returned $661 million to shareholders through dividends and share repurchases.
Cummins maintained its full-year 2026 revenue growth forecast at approximately 10% and expects an EBITDA margin of approximately 18.2%.
Cummins manufactures engines, power generation equipment, components, filtration systems and power solutions for commercial vehicles, industrial customers, construction equipment and energy applications across international markets.
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