Cummins Inc. (CMI) Financials
Key financial figures for Cummins Inc. (Q2 2026).
Cummins posted record Q2 2026 revenue of $9.5 billion (up 9% YoY) and raised full-year revenue and EBITDA guidance again, but GAAP diluted EPS of $6.73 and EBITDA margin of 17.5% missed Wall Street's profitability estimates, sending shares down. Revenue hit a Q2 record of $9.5 billion, up 9% YoY, beating consensus, driven by North American on-highway demand and international growth led by China. GAAP net income was $932 million ($6.73 diluted EPS), up from $890 million ($6.43) a year ago, but missed Wall Street's EPS and EBITDA estimates; EBITDA margin fell to 17.5% from 18.4% on higher variable compensation and R&D spending. Power Systems again led segment growth: external sales of $1.2 billion (up roughly 15% YoY) at a 24.5% segment EBITDA margin, driven by data center standby power demand. On the outlook: Full-year 2026 revenue growth raised to up 10%-13% (from up 8%-11%) and EBITDA margin raised to 18.0%-18.5% (from 17.75%-18.5%), excluding Q1 2026 fuel cell divestiture charges. Figures are for Q2 2026, as Cummins Inc. reported them.
- Revenue
- $9.5B
- Net Income
- $968M
- EPS
- $6.76
- Total Assets
- $35.6B
- Operating Cash Flow
- $1.5B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $9.5B | $932M | $6.73 | 13.52% | $1.3B |
| Q1 FY2026 | $8.4B | $654M | $4.71 | 11.3% | $120M |
| Q4 FY2025 | $8.5B | $593M | $4.27 | 7.5% | $990M |
| Q3 FY2025 | $8.3B | $536M | $3.85 | 11.96% | $1.0B |
| Q2 FY2025 | $8.6B | $890M | $6.42 | 14.18% | $554M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $33.7B | $2.8B | $20.50 | 11.48% | $2.4B |
| FY2024 | $34.1B | $3.9B | $28.37 | 11% | $279M |
| FY2023 | $34.1B | $735M | $5.15 | 5.17% | $2.8B |
Frequently asked questions
What was Cummins Inc.'s revenue last quarter?
Cummins Inc. reported revenue of $9.46 billion for Q2 FY2026, up 9.4% from the same period a year earlier.
Is Cummins Inc. profitable?
Yes. Cummins Inc. reported net income of $932.0 million for Q2 FY2026, a net margin of 9.86% on revenue.
How has Cummins Inc.'s margin trended?
Operating margin was 13.52% in Q2 FY2026, compared with 14.18% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Cummins Inc. generate?
Cummins Inc. generated free cash flow of $1.25 billion in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Cummins Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.