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Cummins

CMI · Industrials

Last earnings Aug 4, 2026  ·  Next earnings Nov 5, 2026

Key results

Revenuequarter

$8.6 billion

htm EX-99 Document EXHIBIT 99 August 5, 2025 Cummins Reports Second Quarter 2025 Results Second quarter revenues of $8.6 billion GAAP 1 Net Income of $890 million, or 10.3% of sales EBITDA in the second quarter was 18.4% of sales Diluted EPS of $6.43 COLUMBUS, IND.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Net incomequarter

$890 million

htm EX-99 Document EXHIBIT 99 August 5, 2025 Cummins Reports Second Quarter 2025 Results Second quarter revenues of $8.6 billion GAAP 1 Net Income of $890 million, or 10.3% of sales EBITDA in the second quarter was 18.4% of sales Diluted EPS of $6.43 COLUMBUS, IND.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

EPSquarter

$6.43

htm EX-99 Document EXHIBIT 99 August 5, 2025 Cummins Reports Second Quarter 2025 Results Second quarter revenues of $8.6 billion GAAP 1 Net Income of $890 million, or 10.3% of sales EBITDA in the second quarter was 18.4% of sales Diluted EPS of $6.43 COLUMBUS, IND.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Second quarter revenues of $8.6 billion decreased 2% from the same quarter in 2024.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

International revenuequarter

5%

Sales in North America declined 6%, and international revenues increased 5% due to higher demand in Europe and China.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Net income attributable to Cummins in the second quarter was $890 million, or $6.43 per diluted share, compared to $726 million, or $5.26 per diluted share, in 2024.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Revenues decreased 8% in North America and 7% in international markets due to lower on-highway demand in the United States and Mexico.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Components Segment revenuequarter

$2.7 billion

Components Segment Sales - $2.7 billion, down 9% Segment EBITDA - $397 million, or 14.7% of sales, compared to $406 million, or 13.6% of sales Revenues in North America decreased by 15% and international sales were flat primarily due to lower on-highway demand in the United States.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Growthquarter

down 9%

Components Segment Sales - $2.7 billion, down 9% Segment EBITDA - $397 million, or 14.7% of sales, compared to $406 million, or 13.6% of sales Revenues in North America decreased by 15% and international sales were flat primarily due to lower on-highway demand in the United States.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Distribution Segment revenuequarter

$3.0 billion

Distribution Segment Sales - $3.0 billion, up 7% Segment EBITDA - $445 million, or 14.6% of sales, compared to $314 million, or 11.1% of sales Revenues in North America increased 9% and international sales increased by 4% primarily due to increased demand for power generation products in the United States.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Power Systems Segment revenuequarter

$1.9 billion

Power Systems Segment Sales - $1.9 billion, up 19% Segment EBITDA - $430 million, or 22.8% of sales, compared to $301 million, or 18.9% of sales Revenues in North America increased 23% and international sales increased 16% driven primarily by increased power generation demand, particularly for the data center and mission critical markets .

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

AI analysis

Q2 2025 · reported Aug 5, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Revenue · Q2 2025
$8.6B
EX-99 · Aug 5, 2025
EPS · Q2 2025
$6.43
EX-99 · Aug 5, 2025
Net income · Q2 2025
$890M
EX-99 · Aug 5, 2025
Components Segment revenue · Q2 2025
$2.7B
EX-99 · Aug 5, 2025

The quarter in charts

Segment mix

Business-unit revenue, as stated

01.332.674$3.0BDistribution Segment$2.7BComponents Segment$1.9BPower Systems Segment

Segment revenue figures as stated in the event record.

Headline figures

MetricQ2 2025Prior qtrYear ago
Revenue$8.6 billion——
Net income$890 million——
EPS$6.43——
International revenue5%——
Components Segment revenue$2.7 billion——
Growthdown 9%——
Distribution Segment revenue$3.0 billion——
Power Systems Segment revenue$1.9 billion——

EX-99 · Aug 5, 2025

Guidance · company-stated

Direction: raised

No guidance located in the held release

Stated figure10% to 13%

“2026 Outlook Based on its current forecast, Cummins is raising its full-year 2026 revenue guidance to be up 10% to 13%, due to stronger demand across several markets, particularly North America on-highway, China 1 construction and power generation.”

Next earningsNov 5, 2026Verified from the company’s own announcement

Capital allocation

Dividend$1.82

Second Quarter 2025 Highlights Cummins announced an increase in the quarterly common stock cash dividend from $1.82 to $2.00 per share.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

We delivered strong second quarter results, driven by record profitability in our Power Systems and Distribution segments, said Jennifer Rumsey, Chair and CEO

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

Second Quarter 2025 Highlights Cummins announced an increase in the quarterly common stock cash dividend from $1.82 to $2.00 per share.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

The company has increased the quarterly dividend to shareholders for 16 consecutive years.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

We believe EBITDA is a useful measure of our operating performance as it assists investors and debt holders in comparing our performance on a consistent basis without regard to financing methods, capital structure, income taxes or depreciation and amortization methods, which can vary significantly depending upon many factors.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

(3) Depreciation and amortization, as shown on a segment basis, excludes the amortization of debt discount and deferred costs included in our Condensed Consolidated Statements of Net Income as interest expense.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

(3) Depreciation and amortization, as shown on a segment basis, excluded the amortization of debt discount and deferred costs included in the Condensed Consolidated Statements of Net Income as interest expense.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

The amortization of debt discount and deferred costs was $7 million and $7 million for the six months ended June 30, 2025 and 2024, respectively.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Strategy & priorities

We remain focused on delivering for our customers and look forward to providing additional clarity as this uncertainty subsides.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

The company remains committed to pacing and focusing our zero emissions investments on the most promising paths in order to ensure we are set up for long-term success as part of our Destination Zero strategy.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Cummins is committed to its Destination Zero strategy, which is grounded in the company s commitment to sustainability and helping its customers successfully navigate the energy transition with its broad portfolio of products.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

), since its founding in 1919, Cummins employs approximately 69,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities education, environment, and equality of opportunity.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Forward-looking disclosure statement Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Risks & headwinds

2025 Outlook Due to continued economic uncertainty, the company will not be reinstating a full-year outlook for revenue or profitability at this time.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Our diversified portfolio, disciplined cost management and strong execution have enabled us to navigate recent industry challenges, said Rumsey.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

However, persistent economic and regulatory uncertainty continues to impact a number of our key markets and cloud our near-term outlook for both business and market performance.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

We remain focused on delivering for our customers and look forward to providing additional clarity as this uncertainty subsides.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to any adverse consequences from changes in tariffs and other trade disruptions any adverse consequences resulting from entering into agreements with the U.

SEC original ↗Cummins — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Legal Proceedings 52 ITEM 1A.

SEC original ↗Cummins — 10-Q Quarterly report10-QAug 4, 2026

Competitors

Competitors & peers

Named in the company’s own filings

Paccar (PCAR)“The principal customers of our heavy-duty truck engines include truck manufacturers such as PACCAR Inc.”Ford Motor Company (F)“Truck OEMs that currently produce some or all of their own engines include Daimler, PACCAR, Traton, Volvo Powertrain, Ford Motor Company, China First Auto Works, Dongfeng Motor Corporation, CNH Industrial and Isuzu.”CNH Industrial (CNH)“Truck OEMs that currently produce some or all of their own engines include Daimler, PACCAR, Traton, Volvo Powertrain, Ford Motor Company, China First Auto Works, Dongfeng Motor Corporation, CNH Industrial and Isuzu.”
Documents

Filings

64 documents

Earnings releases

21 documents

Presentations

0 documents

No presentations for Cummins are held in this edition of the library.

Transcripts

0 documents

No transcripts for Cummins are held in this edition of the library.

Mentioned by

8 companies

Other tracked companies whose held documents mention Cummins by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.