CUMMINS INC

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.

Cummins Inc. reported strong first-quarter 2026 financial results, with revenues increasing 3% year-over-year to $8.4 billion. GAAP Net Income was $654 million, or $4.71 per diluted share, which included a $199 million charge related to the sale of its low-pressure fuel cell business. The company raised its full-year 2026 revenue guidance to an increase of 8% to 11% and its EBITDA outlook to 17.75% to 18.50%, citing strengthening demand across several markets.