Cummins Inc. · CMI · Next earnings

Cummins Inc. reports Thursday, Nov 5, 2026

CMI reports before market open with consensus EPS at $8.21 and revenue at $9.87B. Last quarter: Cummins Raises 2026 Outlook on Data-Center Power Demand

Reports Before market open0 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $8.21 Calendar consensus
Consensus revenue $9.87B Calendar consensus
Report date Nov 5, 2026 Thursday, date estimated
Session Before market open 0 days away

Where CMI left off: FY2026 Q2

Full report

Cummins Raises 2026 Outlook on Data-Center Power Demand

EPS surprise -6.7% Reported $6.73 vs $7.21
Revenue surprise +1.4% Reported $9.46B vs $9.33B
Stock move -2.0% Event window
Subsequent drift -13.3% Up to 20 sessions

Management raised 2026 revenue-growth guidance to 10%-13% and EBITDA-margin guidance to 18%-18.5%.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Final EPA 2027 rules and possible non-conforming penalties.
  • Large-genset capacity constraints and supply-chain limits.
  • Higher incentive compensation, warranty costs, tariffs, and rate sensitivity.

Questions analysts left open

  • EPA 2027 rule effects on pricing, costs, margins, and penalties.
  • Capacity constraints could limit power-generation upside.
  • Incentive compensation, warranty, tariff, and distribution-margin pressure.

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Recent CMI quarters

All CMI earnings
-2.0%FY2026 Q2+2.8%FY2026 Q1+5.4%FY2025 Q3+3.2%FY2025 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

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.