Cummins reported record second-quarter 2026 revenues of $9.5 billion and GAAP net income attributable to the company of $932 million, or $6.73 per diluted share. EBITDA for the quarter was $1.7 billion, or 17.5% of sales, and the company raised its full-year 2026 revenue guidance to up 10%–13% while tightening EBITDA guidance to 18.0%–18.5%. Management cited strong demand for data-center standby power and improving North American on-highway truck markets.

Financial Highlights

  • Revenue: Record second-quarter 2026 net sales of $9.5 billion (up 9% year-over-year).
  • Gross profit: Gross margin of $2,465 million for Q2 2026 (gross margin amount provided in release).
  • Operating income: Operating income of $1,279 million for the three months ended June 30, 2026.
  • Net income: Net income attributable to Cummins of $932 million for Q2 2026; diluted EPS $6.73.
  • EBITDA and outlook: Q2 EBITDA $1.7 billion (17.5% of sales); full-year 2026 revenue guidance raised to up 10%–13% and EBITDA guidance narrowed to 18.0%–18.5% (previously 17.75%–18.5%).

Business Highlights

  • Market demand: Strength driven by robust orders for standby power for data centers and improving North American truck markets; North America sales up 8% and international sales up 12% in Q2 2026.
  • Segment performance: Power Systems posted strong growth—sales up 19% with segment EBITDA improving to $552 million (24.5% of sales); Engine, Components and Distribution segments also reported year-over-year revenue gains.
  • Dividend and capital returns: Quarterly cash dividend increased from $2.00 to $2.20 per share; company returned $501 million to shareholders in Q2 via dividends and share repurchases and reiterated commitment to return 50% of operating cash flow to shareholders.
  • Product and go-to-market actions: Announced measured launch plans for Model Year 2027 X10 and X15 on-highway engines to align with proposed EPA regulatory changes while maintaining select legacy availability; showcased new platforms on a national customer tour.
  • Strategic wins and investments: Secured multi-year agreement to supply natural gas generator sets for a large HPC data center microgrid project in Texas (deliveries 2026–2030) and announced capacity/product investments targeting mining and power generation to support long-term growth.

Original SEC Filing:

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