The earnings call highlighted strong performance in the Distribution and Power Systems segments and international markets, with significant profitability improvements. However, these were offset by notable challenges in the North American truck market, declining revenues in key segments, and the negative impact of tariffs. The positive aspects were balanced by the negative trends, leading to a neutral overall sentiment.

Company Guidance

During the second quarter of 2025 earnings call, Cummins Inc. provided guidance indicating a mix of robust performance in certain segments alongside challenges in others. The company achieved record profitability in its Distribution and Power Systems segments, leading to an EBITDA increase of 310 basis points year-over-year despite a 30% decline in North American truck volumes. Revenues totaled $8.6 billion, a slight decrease of 2% from the previous year, with North American revenues down 6% and international revenues up 5%. The Power Systems segment saw a 19% revenue increase, driven by high demand in data centers, while the Engine segment and Components segment faced declines due to weaker North American truck markets. Despite these challenges, Cummins increased its quarterly dividend by 10% and returned $251 million to shareholders. Looking ahead, the company anticipates continued strength in Power Generation and international markets but expects further declines in North American truck volumes by 25% to 30% in the third quarter. Cummins is navigating tariff impacts, aiming to achieve price-cost neutrality by the fourth quarter, while maintaining focus on operational efficiencies and strategic investments to position for market recovery.

Record Performance in Distribution and Power Systems Segments

Despite a 30% decline in North America truck volumes, Cummins achieved record financial performance in the Distribution and Power Systems segments, leading to a 310 basis points increase in EBITDA year-over-year.

Introduction of New Power Systems Product

Cummins introduced a new 17-liter engine platform generator in the Power Systems segment, capable of producing up to 1 megawatt of power, targeting critical market segments.

Increase in Quarterly Dividend

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

International Revenue Growth

International revenues increased by 5% in the second quarter of 2025, with notable growth in China, where revenues rose by 9% due to increased data center demand and government stimulus.

Strong Profitability and Operational Efficiency

EBITDA for the second quarter was $1.6 billion or 18.4% of sales, up from $1.3 billion or 15.3% a year ago, driven by operational efficiencies and strong demand in Power Generation.

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

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CMI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	4.88 / -	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	$359.76	$371.34	+3.22%
May 05, 2025	$296.64	$299.06	+0.82%
Feb 04, 2025	$342.85	$357.92	+4.40%
Nov 05, 2024	$319.03	$347.28	+8.85%

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 (CMI) report earnings?

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

What is Cummins (CMI) earnings time?

Cummins (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 4.88.

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