Form 10-Q · Quarterly report
Cummins 10-Q, filed Nov 5, 2026
- Filed
- CIK
- 0000026172
- Accession no.
- 0000026172-26-000037
Summary
Cummins reported third-quarter 2026 net sales of $9.4 billion and net income attributable to Cummins of $1.1 billion, or $8.25 per diluted share, up from $536 million and $3.86 a year earlier, which Cummins attributed to higher sales, improved gross margin and the absence of the prior-year Accelera goodwill impairment and inventory write-down. Cummins said the increase was driven by stronger North American medium- and heavy-duty truck demand and higher power generation equipment sales, particularly for data center applications.
Key points
- Third-quarter net sales rose 13% to $9.4 billion, with U.S. and Canada sales up 15% and international sales up 11%.
- For the nine months ended September 30, 2026, Cummins reported net sales of $27.3 billion, net income of $2.7 billion and diluted earnings per share of $19.70, versus $25.1 billion, $2.3 billion and $16.23 a year earlier.
- Cummins said tariff impacts net of mitigation actions and government refunds were immaterial to profitability and operating cash flow in the three and nine months ended September 30, 2026, but could materially affect future results.
- Cummins noted the U.S. Supreme Court ruled on February 20, 2026 that U.S. tariffs imposed under the International Emergency Economic Powers Act were unauthorized, after which new tariffs were imposed under different statutes.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. Management’s Discussion Overview We are a global power leader committed to powering a more prosperous world. Since 1919, we have delivered innovative solutions that move people, goods and economies forward. Our five reportable segments - Engine, Components, Distribution, Power Systems and Accelera - offer a broad portfolio, including advanced diesel, electric and hybrid powertrains; integrated power generation systems; critical components such as aftertreatment, turbochargers, fuel systems, controls, transmissions, axles and brakes; and zero emissions technologies like battery and electric powertrain systems. …
An excerpt of the text as filed with the SEC, cut for length.
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