The earnings call highlighted strong performance in power systems and international markets, but faced significant challenges in the North American truck market and the electrolyzer business, exacerbated by rising tariff costs.
Company Guidance
During the Q3 2025 earnings call, Cummins Inc. provided several key metrics and insights regarding their financial performance and market outlook. The company reported third-quarter sales of $8.3 billion, a 2% decrease from the previous year, largely due to a 40% decline in North American heavy and medium-duty truck unit volumes. Despite this, EBITDA excluding noncash charges was $1.4 billion or 17.2% of sales, up 80 basis points year-over-year, driven by strength in power generation markets and higher light-duty truck volumes. International revenues increased by 2%, with China's revenues, including joint ventures, up 16% to $1.7 billion, attributed to higher domestic demand. Cummins highlighted a collaboration with Komatsu and strong performance of their latest engines, indicating a focus on sustainability and efficiency. The company expressed cautious optimism about the stabilization of U.S. truck markets and regulatory clarity, anticipating a 15% decline in Q4 shipments but expecting a potential market recovery influenced by economic sentiment and policy developments.
Strategic Collaboration with Komatsu
Cummins announced a collaboration with Komatsu to develop hybrid powertrains for heavy mining equipment, aiming to accelerate decarbonization and operational efficiency.
Record Power Systems and Distribution Performance
Power Systems and Distribution segments achieved record performance with strong demand for power generation equipment, especially for data centers, leading to a 27% increase in North America power generation revenues.
International Revenue Growth
International revenues increased by 2%, with significant growth in China and India. China saw a 16% increase in revenues driven by domestic demand and infrastructure projects.
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
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
Nov 06, 2025
$437.29
$460.81
+5.38%
Aug 05, 2025
$358.21
$369.74
+3.22%
May 05, 2025
$295.37
$297.78
+0.82%
Feb 04, 2025
$341.38
$356.38
+4.39%
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 Feb 10, 2026, Before Open (Confirmed).
What is Cummins (CMI) earnings time?
Cummins (CMI) earnings time is at Feb 10, 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.