Cummins Inc. (CMI) reported adjusted earnings of $6.15 per share for Q1 2026, marking a 3.2% increase year-over-year and surpassing the Zacks Consensus Estimate by 9.8%. The company’s revenues totaled $8.40 billion, an increase of 2.7% from the prior year and exceeding expectations by 0.9%. The quarter showcased a strong adjusted EBITDA margin of 17.7%, driven significantly by continued demand in power generation, especially related to data centers.
In terms of segment performance, Engine sales dropped by 4% year-over-year to $2.67 billion, primarily influenced by weak truck demand in the U.S. Meanwhile, the Distribution segment saw a 7% increase in sales to $3.12 billion, buoyed by higher power generation product demand. Cummins’ cash and equivalents totaled $2.61 billion at the end of the quarter, and the company has raised its revenue outlook for 2026 to a growth range of 8-11%, up from the previous forecast of 3-8%.
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