Cummins Inc (CMI)
NYSE:CMI
Want to see CMI full AI Analyst Report?
Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
7.26Last Year’s EPS
6.43Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was overall positive: management reported modest organic revenue growth in Q1, strong international and data-center driven demand (notably in China), record Power Systems profitability, improved full-year revenue and EBITDA margin guidance, improved cash flow and active capital returns. These positives are tempered by continued weakness in North America on-highway truck volumes, significant margin pressure in the Engine segment this quarter, ongoing Accelera losses (including a one-time $199M charge), higher compensation-driven expenses, and regulatory/tariff uncertainties that could affect near-term transitions. On balance, the positive operational momentum, guidance upgrades and cash generation improvements outweigh the near-term headwinds.Company Guidance
Revenue Growth and Raised Full-Year Guidance
Q1 sales of $8.4 billion, up 3% year-over-year. Company raised 2026 full-year revenue guidance to +8% to +11% (from prior +3% to +8%).
Record Power Systems Performance
Power Systems revenues $2.0 billion, up 19% year-over-year; segment delivered record EBITDA dollars and margin expansion to 29.5% (from 23.6%). Full-year Power Systems revenue guide raised to +14% to +19% and EBITDA margin guidance increased to ~25%–26%.
Strong International and China Demand
International revenues increased 16% y/y; China revenues (including JVs) $2.1 billion, up 19% y/y. China power generation sales surged 84% in Q1 driven by accelerating data center demand.
Improved North America Truck Outlook
Raised 2026 North America heavy-duty truck forecast to 230,000–250,000 units (up from 220k–240k) and medium-duty to 125,000–135,000 units (up from 110k–120k), reflecting stronger early-year orders and spot rates.
Profitability and Margin Guidance Upgrade
Company increased full-year EBITDA margin guidance to 17.75%–18.5%. Excluding a one-time Q1 charge, adjusted EBITDA was $1.5 billion or 17.7% (vs prior-year 17.9%).
Improved Cash Generation and Capital Return
Operating cash flow was an inflow of $309 million (vs outflow of $3 million prior year). Returned $519 million to shareholders in Q1, including $243 million in share repurchases and $276 million in dividends.
Segment Upgrades Across the Board
Engine full-year revenue guide raised to +7%–12% with EBITDA margin guidance 12.5%–13.5%; Components revenue guide +5%–10% with margins 13.5%–14.5%; Distribution revenue guide +9%–14% with margins 13.7%–14.7%.
Strategic Milestones and Portfolio Actions
Deployed world’s first commercial hybrid ultra-class mining truck retrofit (Chile), integration of Cummins X10 into Mack Granite, and completed sale of Low-pressure Fuel Cell business to reduce Accelera losses.
Power Generation Market Momentum
Global power generation revenue outlook raised to +15%–25% for 2026 (from prior +10%–20%), driven by data center demand and capacity additions in North America and international growth.
CMI Earnings History
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 |
|---|---|---|---|
May 05, 2026 | $656.73 | $674.88 | +2.76% |
Feb 05, 2026 | $603.60 | $538.84 | -10.73% |
Nov 06, 2025 | $435.83 | $459.27 | +5.38% |
Aug 05, 2025 | $357.01 | $368.50 | +3.22% |
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 Aug 04, 2026, Before Open (Confirmed).
What is Cummins Inc (CMI) earnings time?
Cummins Inc (CMI) earnings time is at Aug 04, 2026, 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 2026 (Q2) is 7.26.