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Cummins/$CMI

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About Cummins

Cummins is a leading manufacturer of diesel and other engines used in heavy- and medium-duty commercial trucks, off-highway equipment, and locomotives, in addition to prime power and standby generators. The company also sells powertrain components, which include filtration products, transmissions, turbochargers, aftertreatment systems, and fuel systems. Sales are approximately 60% US and Canada and 40% rest of the world. Much of Cummins' foreign sales (China, India, and so forth) are through joint ventures. The company operates 650 distributors and over 19,000 dealer locations across 190 countries. Cummins' business model is unique as it competes with many of its heavy-duty truck manufacturer customers, which also make their own engines.
Ticker
$CMI
Primary listing
NYSE
Employees
67,400

Cummins Metrics

BasicAdvanced
$64B
19.46
$23.97
1.23
$8.20
1.89%

What the Analysts think about Cummins

Analyst ratings (Buy, Hold, Sell) for Cummins stock.
Analyst projections of the future price of Cummins stock.

Bulls say / Bears say

Data-centre demand is giving Cummins long order visibility: management said orders for larger generator sets extend into the second half of 2028, with further demand across smaller models. This supports a multi-year growth runway for its power business. (Benzinga)
Cummins delivered 13% year-on-year revenue growth in Q3 and a record 18.9% EBITDA margin, while returning $661 million to shareholders. That shows strong current earnings and cash returns, although the margin comparison benefited from charges in the prior-year quarter. (Cummins)
The Engine segment is recovering with truck demand: Q3 sales rose 20% and its EBITDA margin increased to 13.5% from 10.0%, as higher heavy- and medium-duty volumes more than offset pickup weakness. This suggests better utilisation in a key part of Cummins’ core business. (Cummins)
Weaker North American pickup demand led Cummins to lower its 2026 revenue-growth outlook from 10–13% to about 10%. It also cut its pickup-engine shipment forecast to 118,000–122,000 units from 125,000–140,000. (Cummins)
Supplier constraints delayed about $200 million of Power Systems shipments in Q3, making near-term growth partly dependent on recovering those deliveries. This creates execution risk even while customer demand remains strong. (TradingKey)
Uncertainty over the EPA 2027 engine transition delayed some customer purchases. Cummins lowered its medium-duty market forecast and reduced its Engine and Components margin outlooks, showing how regulation and buyer timing can weigh on results. (Benzinga)
Data summarised monthly by Lightyear AI. Last updated on 5 Nov 2026.

Cummins Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Cummins Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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