Quarterly ResultMay 5, 2026, 12:28 PM
Cummins Q1 Net Income $654M, EPS $4.71; Sales $8.4B
AI Summary
Cummins Inc. reported Q1 2026 net income attributable to Cummins Inc. of $654 million, or $4.71 per diluted share, a decrease from $824 million, or $5.96 per diluted share, in Q1 2025. Despite a 2.7% increase in net sales to $8.398 billion, net income was impacted by a significant rise in other operating expenses, including a $199 million loss on sale of business and settlement of customer obligations. The company also noted that the production start date for its Amplify Cell Technologies LLC joint venture is uncertain due to changing electric vehicle demand expectations.
Key Highlights
- Net income attributable to Cummins Inc. decreased to $654 million from $824 million in Q1 2025.
- Diluted earnings per share fell to $4.71 from $5.96 in Q1 2025.
- Net sales increased 2.7% to $8.398 billion from $8.174 billion in Q1 2025.
- Other operating expense, net, surged to $239 million, including a $199 million loss on sale of business.
- Cash provided by operating activities improved significantly to $309 million from $3 million used in Q1 2025.
- Distribution segment sales rose to $3.109 billion, while Engine segment sales decreased to $1.966 billion.
- Repurchased $243 million of common stock in Q1 2026.
- Amplify Cell Technologies LLC joint venture production start date is uncertain due to changing EV demand.
Price Impact
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