The earnings call highlights strong performance in the Distribution and Power Systems segments, successful new product introductions, and increased international revenues. However, these positives are tempered by significant declines in North America truck volumes, an overall revenue decrease, and the negative impact of tariffs.

Company Guidance -

Q3 2025

During Cummins Inc.'s second quarter 2025 earnings call, significant guidance was provided regarding various metrics. The company reported revenues of $8.6 billion, a decrease of 2% compared to the same period in 2024, with EBITDA increasing to $1.6 billion or 18.4% of sales from $1.3 billion or 15.3% a year ago. Despite a 30% decline in North American heavy- and medium-duty truck volumes, EBITDA rose by 310 basis points due to record performances in the Distribution and Power Systems segments. Gross margin improved by 150 basis points year-over-year, supported by higher Power Generation demand, operational efficiencies, pricing strategies, and lower compensation expenses. The company achieved international revenue growth of 5%, primarily driven by a 9% increase in China due to heightened demand in data centers and domestic trucks. In contrast, North American revenues fell by 6%, reflecting a 27% decline in heavy-duty truck production. Cummins also announced a 10% increase in their quarterly dividend, marking the 16th consecutive year of dividend growth, and returned $251 million to shareholders. Looking forward, the company expects a 25-30% decline in North American truck volumes in the third quarter, indicating challenges due to tariff impacts and regulatory uncertainties. Despite these challenges, Cummins remains focused on its diversified global business and operational improvements.

Record Performance in Distribution and Power Systems Segments

Record performance in these segments offset the decline in the North America truck market, contributing to an EBITDA increase of 310 basis points year-over-year.

Introduction of New Product in Power Systems

Launch of the 17-liter engine platform generator, producing up to 1 megawatt of power, supporting critical market segments like commercial properties and healthcare facilities.

Dividend Increase

Announced a 10% increase in the quarterly dividend from $1.82 to $2 per share, marking the 16th consecutive year of dividend increase.

International Revenue Growth

International revenues increased by 5%, with China revenues up 9% driven by higher domestic truck demand and data center demand.

Power Generation Equipment Demand Surge

North America Power Generation equipment revenues increased by 25% due to strong demand in data centers.

Cummins (CMI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CMI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	4.93 / -	5.86	―	―	―
Aug 05, 2025	2025 (Q2)	5.23 / 6.43	5.26	22.24% (+1.17)
May 05, 2025	2025 (Q1)	4.91 / 5.96	5.1	16.82% (+0.86)
Feb 04, 2025	2024 (Q4)	4.70 / 5.27	4.14	27.39% (+1.13)
Nov 05, 2024	2024 (Q3)	4.82 / 5.86	4.76	23.11% (+1.10)
Aug 01, 2024	2024 (Q2)	4.83 / 5.26	5.2	1.15% (+0.06)
May 02, 2024	2024 (Q1)	5.09 / 5.10	6.7	-23.88% (-1.60)
Feb 06, 2024	2023 (Q4)	4.45 / 4.14	4.52	-8.41% (-0.38)
Nov 02, 2023	2023 (Q3)	4.70 / 4.76	3.21	48.29% (+1.55)
Aug 03, 2023	2023 (Q2)	5.25 / 5.20	5.36	-2.99% (-0.16)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CMI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$361.59	$373.23	+3.22%
May 05, 2025	$298.15	$300.59	+0.82%
Feb 04, 2025	$344.60	$359.74	+4.39%
Nov 05, 2024	$320.66	$349.06	+8.86%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Cummins Inc (CMI) report earnings?

Cummins Inc (CMI) is schdueled to report earning on Nov 04, 2025, Before Open (Confirmed).

What is Cummins Inc (CMI) earnings time?

Cummins Inc (CMI) earnings time is at Nov 04, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CMI EPS forecast?

CMI EPS forecast for the fiscal quarter 2025 (Q3) is 4.93.

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