Cummins Inc. · CMI · Next earnings

Cummins Inc. reports Thursday, Nov 5, 2026

CMI reports before market open with consensus EPS at $8.20 and revenue at $9.82B. Last quarter: Cummins Q1 2026: Data-Center Power Demand Drives Revenue Beat, Guidance Raised

Reports Before market open46 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $8.20 Calendar consensus
Consensus revenue $9.82B Calendar consensus
Report date Nov 5, 2026 Thursday, date estimated
Session Before market open 46 days away

Where CMI left off: FY2026 Q1

Full report

Cummins Q1 2026: Data-Center Power Demand Drives Revenue Beat, Guidance Raised

EPS surprise +9.2% Reported $6.15 vs $5.63
Revenue surprise +0.4% Reported $8.40B vs $8.37B
Stock move +2.8% Event window
Subsequent drift +1.1% Up to 20 sessions

Management raised full-year guidance to 8-11% revenue growth and 17.75-18.5% EBITDA margin, up from prior expectations. The increase reflects stronger power-generation demand and an improved North American truck outlook. Capex is increasing, targeted at $1.35-1.45 billion to expand capacity and support growth initiatives.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Potential impact of tariffs, though management characterized the current effect as immaterial
  • Regulatory uncertainty around EPA '27 emissions rules and possible penalties
  • Slower recovery in North American on-highway truck demand
  • Supply-chain constraints affecting engine lead times, especially for 95-liter engines

Questions analysts left open

  • Details of the one-time cost recovery in Power Systems and its repeatability
  • Timing and performance expectations for EPA '27 engine platforms (Helm, B series)
  • Lead-time outlook for 95-liter engines into 2028
  • Incremental margin outlook for Engines and Components given warranty accruals and tariffs
  • Why Distribution and Component segment incremental growth appears modest relative to other segments

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Recent CMI quarters

All CMI earnings
+2.8%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.