The financials
Cummins by the numbers
Cummins (CMI) reported revenue of $9.46B in Q2 2026 (quarter ended June 30, 2026), up 9.4% from the same quarter a year earlier. That came with a gross margin of 26% and net income of $968M (10% of revenue). For the full year FY2025, revenue was $33.7B (−1.3% year on year) and net income $2.96B. Its largest product in 2026-Q1 was DBU Power Generation at $1.27B, 15% of the disclosed total, just ahead of Parts at 13%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $9.46B | $8.64B | +9.4% |
| Gross profit | $2.46B | $2.28B | +8.1% |
| Operating income | $1.28B | $1.23B | +4.3% |
| Net income | $968M | $928M | +4.3% |
| Diluted EPS | $6.73 | $6.43 | +4.7% |
| Product | Revenue | Share |
|---|---|---|
| DBU Power Generation | $1.27B | 15% |
| Parts | $1.06B | 13% |
| Drivetrain And Braking Systems | $918M | 11% |
| Emissionsolutions | $807M | 9.7% |
| PSBU Power Generation | $640M | 7.7% |
| Mediumdutytruckandbus | $613M | 7.4% |
| Heavydutytruck | $563M | 6.8% |
| Lightdutyautomotive | $448M | 5.4% |
| Service | $433M | 5.2% |
| Engine Product Line | $342M | 4.1% |
| Offhighway | $342M | 4.1% |
| Components And Software | $325M | 3.9% |
| Industrial | $293M | 3.5% |
| Generatortechnologies | $160M | 1.9% |
| Automated Transmissions | $88M | 1.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $8.31B (+1.2%)
PSBU Power Generation grew +44% year on yearAutomated Transmissions -25% year on year
Segment Latestquarter on quarteryear on year
- DBU Power Generation$1.27B$1.27BQoQ +2.0%year on year +17%+2.0%+17%
- Parts$1.06B$1.06BQoQ +4.8%year on year +3.6%+4.8%+3.6%
- Drivetrain And Braking Systems$918.0M$918.0MQoQ +0.22%year on year -13%+0.22%-13%
- Emissionsolutions$807.0M$807.0MQoQ +15%year on year +2.0%+15%+2.0%
- PSBU Power Generation$640.0M$640.0MQoQ +2.7%year on year +44%+2.7%+44%
- Mediumdutytruckandbus$613.0M$613.0MQoQ +15%year on year -12%+15%-12%
- Heavydutytruck$563.0M$563.0MQoQ +4.3%year on year -14%+4.3%-14%
- Lightdutyautomotive$448.0M$448.0MQoQ -23%year on year +5.4%-23%+5.4%
- Service$433.0M$433.0MQoQ -12%year on year +4.1%-12%+4.1%
- Engine Product Line$342.0M$342.0MQoQ -18%year on year -7.6%-18%-7.6%
- Offhighway$342.0M$342.0MQoQ +29%year on year +31%+29%+31%
- Components And Software$325.0M$325.0MQoQ +16%year on year +6.2%+16%+6.2%
- Industrial$293.0M$293.0MQoQ -9.3%year on year +3.2%-9.3%+3.2%
- Generatortechnologies$160.0M$160.0MQoQ -11%year on year +12%-11%+12%
- Automated Transmissions$88.0M$88.0MQoQ +1.1%year on year -25%+1.1%-25%
- Atmus Filtration Technologies Inc--QoQ -year on year ---
Specialty Industrial Machinery
Ranks #21 of 44 by Smart Score