Cummins (CMI) Q2 FY26 earnings call

Earnings call· Jun 2026 (Q2 FY26)· Industrials· Aug 4, 2026

Source: earnings call transcript

Cummins delivered record Q2 FY26 results, driven by robust global power generation demand, particularly from data centers, and strong performance in China. The company raised its full-year revenue and EBITDA guidance, reflecting improved North America on-highway markets and continued strength in power generation. A phased transition plan for EPA 2027 emissions regulations is expected to smooth the product launch cycle, while capacity constraints continue to limit power generation growth.

You’re reading a preview. Opening the full call uses 1 concall credit.

CMI operating KPIs by quarter

CMI operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Mar 2025 Q1 FY25	Jun 2025 Q2 FY25	Sep 2025 Q3 FY25	Mar 2026 Q1 FY26	This call Jun 2026 Q2 FY26	Change vs prior quarter
Engine shipments to Stellantis	29K We 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	34K We 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	40K We 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	30K We 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	33K We 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.