Cummins IncNYSE: CMI
Industrials · Construction Machinery & Heavy Transportation Equipment
$658.12
-1.92%
Vol: 465K
Research Digest
Friday, May 1, 2026
Cummins to report Q1 May 5 with Power Systems revenue expected up 12-17%; exited electrolyzer commercial activity.
Cummins to release Q1 2026 earnings before market open May 5, 2026. 2025 results: Power Systems revenue $7.5B (+16% YoY), EBITDA margins +430bps to 22.7%. Forecasts 2026 Power Systems revenue +12-17% with EBITDA margin target of 23-24%. Exited future electrolyzer commercial activity, sold hydrogen fuel cell rail operations April 2, 2026, narrowing Accelera 2026 net losses to $325-355M from $438M in 2025. Doubling 95-liter high-speed diesel engine capacity for data center backup with record order intake into 2028.
Previous Market Intelligence
13 daysApr 30Cummins insiders sold $17M stock, raising caution; Q1 2026 earnings expected May 5 with projected 2.9% EPS decline despite 1.8% revenue growth.Mixed▶
Cummins reported modest revenue increase but faces flat sales and margin pressures. Insiders offloaded significant shares ($17M) and State of Michigan Retirement reduced holdings 11.1%, raising investor caution. Analysts expect Q1 2026 earnings (May 5) to show 2.9% EPS decline with 1.8% revenue increase. Company announced nationwide Forever Rising Tour expansion showcasing heavy-duty engine platforms and K50 marine engine debut at Asia Pacific Maritime 2026. Truist raised price target to $703 (from $653) with Buy rating. Analyst consensus views CMI as undervalued despite cautious sentiment.
Apr 16Cummins launches Meritor RT-160 HE tandem drive axle family at Truck World Canada, expands platform lineupPositive▶
Cummins announced launch of new Meritor RT-160 HE tandem drive axle family for heavy linehaul applications at Truck World in Mississauga, Ontario, Canada on April 15, 2026. Company reinforced commitment to Canadian fleets with 2027 heavy-duty platform and supporting powertrain, axle and digital technologies. Cummins expanding Forever Rising Tour nationwide exhibition; launches new marine K50 engine at Asia Pacific Maritime 2026. Wells Fargo raised price target to $693 from $630 with Overweight rating. UBS upgraded from Sell to Neutral with price target of $500 (up from $350). Stock trading at $601.46 with 52-week high of $620.78.
Apr 15Cummins maintains Buy rating with Citigroup raising price target to $710; 2026 guidance projects revenue growth +3% to +8%.Positive▶
Cummins delivered strong Q4 2025 results despite North America truck market weakness, with Distribution and Power Systems segments achieving record full-year sales. The company issued 2026 guidance projecting revenue growth of +3% to +8% and EBITDA margin of 17.0-18.0%. On April 13, Citigroup raised the price target from $630 to $710. Stock has gained 6.7% year-to-date.
Apr 14Cummins maintains strong momentum with Citigroup raising price target to $710; stock up 119.5% YoY on data center backup power demand.Positive▶
Cummins reported Q4 revenues of $8.54 billion (up 1.1% YoY), exceeding estimates by 5.3%. Distribution and Power Systems segments achieved record full-year sales driven by data center backup power. Citigroup maintained Buy on April 13 while raising target from $630 to $710. Stock returned 119.5% over the past year.
Apr 13Cummins reports strong Q4 with data center backup power demand; $458M strategic charge taken on electrolyzer business.Positive▶
Cummins posted Q4 revenues of $8.54 billion, up 1.1% YoY (beating estimates by 5.3%), with Distribution and Power Systems segments achieving record results from robust data center backup power demand. Company took a $458 million strategic charge to scale back its electrolyzer business. Wells Fargo added CMI to Q2 Tactical Ideas List.
Apr 10Cummins reports Q4 beats but takes $458M charge to exit electrolyzer business, refocuses on e-mobility.Mixed▶
Cummins reported Q4 revenue of $8.54B (+1.1% YoY) with EPS beat. Took $458M strategic charge to scale back electrolyzer business. Forecasts zero-emissions losses drop to $325M in 2026. Distribution and Power Systems achieved record sales. Stock at $556.87 with analyst Buy rating. Expected Q1 2026 earnings May 4, 2026.
Apr 9Cummins beats Q4 estimates with $8.54B revenue but faces North American truck market headwinds and tariff pressures.Mixed▶
Cummins Inc. reported $8.54B in Q4 revenue, beating estimates by 5.3%, with 1.1% year-over-year increase despite modest declines in recent trading. Earnings call highlighted strong performance in power systems and international markets but significant challenges in North American truck market and electrolyzer business amid rising tariff costs. Barclays upgraded Cummins to Overweight from Equal Weight with target $546 (up from $515). UBS upgraded to Neutral from Sell with target $500 (up from $350). Company continues to navigate mixed market signals with flat sales concerns and margin pressures. Analyst consensus: 14 analysts rate Buy with average target $574.62 (3.20% upside).
Apr 8Cummins reports strong Q4 earnings despite transportation headwindsNeutral▶
Cummins delivered Q4 revenue of $8.54 billion, beating estimates by 5.3% with a 1.1% year-on-year increase. Distribution and Power Systems segments achieved record results, though the stock declined 9% post-earnings as markets weighed cautious full-year outlooks against strong execution.
Apr 7Cummins launches RPL35+ driveline and hybrid-electric mining truck; Barclays upgrades to OverweightPositive▶
Cummins announced RPL35+ driveline launch at TMC 2026 annual meeting and deployment of world's first commercial hybrid-electric ultra-class mining truck in Chile. Updated heavy-duty lineup with 2027 X15 engine. Company reported strong Q4/FY2025 earnings with 73.8% annual return. Barclays upgraded to Overweight from Equal Weight with $546 PT, up from $515. Consensus Moderate Buy from 17 analysts.
Apr 6Cummins expands Forever Rising Tour; K50 marine engine to debut at Asia Pacific Maritime 2026Neutral▶
Cummins Inc. announced the nationwide expansion of its Forever Rising Tour, a traveling exhibition showcasing the company's latest heavy-duty engine platforms. Cummins Asia Pacific will showcase its new K50 marine engine at Asia Pacific Maritime (APM) 2026. The company operates through five segments and employed approximately 70,000 people with 2024 sales of $34.1 billion. Stock experiences mixed signals with concerns about flat sales and margin pressures despite a strong 73.8% total return over the past year. Consensus analyst rating is "Buy" with 12-month price target of $566.67.
Apr 3Cummins reports Q4 2025 results with revenue of $8.54B; Wells Fargo adds to tactical list on data center power generation demand.Positive▶
Cummins Inc. reported Q4 2025 revenue of $8.54 billion (up 1.05% YoY). The company achieved 16% EBITDA margin and 49% total shareholder return in 2025 on strong data center power generation demand. Board declared $2.00 quarterly dividend. Wells Fargo added Cummins to Q2 Tactical Ideas List citing under-supplied data center tier.
Apr 2Cummins achieved 73.8% one-year total return and 148.4% three-year return; Wells Fargo added to Q2 Tactical Ideas List citing under-supplied data center market.Positive▶
Cummins reported strong long-term shareholder returns: 73.8% one-year and 148.4% three-year. Latest quarterly earnings showed EPS of $5.81, beating consensus of $5.17, with revenue of $8.54B. Wells Fargo added CMI to Q2 Tactical Ideas List citing under-supplied data center tier. Company launched RPL35+ driveline and first commercial hybrid-electric ultra-class mining truck in Chile. J.P. Morgan maintains Hold rating. Analysts value stock at approximately $613.23 fair value vs. $549.68 current price, suggesting undervaluation.
Apr 1Cummins Q4 earnings surge 41% YoY despite flat revenues; Power Systems segment drives AI data center growth.Positive▶
Cummins reported Q4 2025 EPS of $4.27, up 41.39% YoY, with net income rising 41.87% to $593M despite modest 1.05% revenue growth. The company is pivoting to AI power infrastructure, with Power Systems segment showing robust data center demand. Stock surged 70.8% over the past year.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| CATCATERPILLAR | $890.93 | +0.09% | +23.4% | 31.8x | 1.52 | $414.2B |
| CMICUMMINS | $658.12 | -1.92% | +21.6% | 21.3x | 1.14 | $92.8B |
| PCARPACCAR | $116.10 | -2.27% | +0.4% | 17.6x | 1.06 | $62.5B |
| WABWABTEC | $265.35 | -1.68% | +6.2% | 22.3x | 0.99 | $45.8B |
| GEGENERAL | $287.56 | -0.82% | +0.4% | 33.4x | 1.43 | $302.9B |
| GEVGE | $1,064.74 | -1.73% | +20.7% | 44.2x | 1.20 | $291.1B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.