CMI Cummins (CMI) Q1 FY26 earnings call
The quarter marks an inflection: North American truck volumes are bottoming faster than expected while data-center-driven power generation and a rebounding China turned decisively into tailwinds, prompting an across-the-board raise to full-year guidance for all five segments. Management is steering through a peak 2027-launch investment period and EPA regulatory uncertainty, positioning for stronger second-half profitability ahead of the May 21 Analyst Day.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
CMI operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|
| Engine shipments to Stellantis | 29KWe shipped 29,000 engines to Stellantis for use in their Ram pickups in the first quarter of 2025, down 25% from 2024 level.Source: earnings call transcript | 34KWe shipped 34,000 engines to Stellantis for use in the Ram pickups in the second quarter of 2025, down 18% from 2024 levels.Source: earnings call transcript | 40KWe shipped 40,000 engines to Stellantis for use in their Ram pickups in the third quarter of 2025, up 44% from 2024 levels, driven by a ramp-up of model year '25 product, which was launched earlier this year.Source: earnings call transcript | 30KWe shipped 30,000 engines to Stellantis for use in the RAM pickups in the first quarter of 2026, up 4% from 2025 levels.Source: earnings call transcript | 33KWe shipped 33,000 engines to Stellantis for use in the ramp pickups in the second quarter of 2026, down 2% from a year ago.Source: earnings call transcript | +10% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.