Cummins Posts Record Q2 Revenue of $9.5B, Raises Full-Year Outlook on Data Center Boom

summarizeSummary

Cummins reported record Q2 2026 revenue of $9.5 billion, up 9% year-over-year, and raised its full-year revenue and EBITDA guidance, fueled by strong data center power generation orders and improving truck markets.

check_boxKey Events · Earnings and Guidance · CMI

• Record Q2 Revenue of $9.5B

  Second-quarter revenue rose 9% year-over-year to $9.5 billion, a record for the period, with North America up 8% and international up 12%.

• Full-Year Guidance Raised

  Revenue growth outlook increased to 10-13% from prior 8-11%; EBITDA margin guidance tightened to 18.0-18.5% from 17.75-18.5%, reflecting stronger demand across key markets.

• Data Center Demand Drives Power Systems

  Power Systems segment sales surged 19% to $2.3 billion, with EBITDA margin expanding to 24.5%, driven by robust orders for standby power for data centers.

• Shareholder Returns Boosted

  Quarterly dividend raised 10% to $2.20 per share; $225 million in share repurchases executed in Q2, with $468 million year-to-date.

auto_awesomeAnalysis · CMI · Technology

Cummins delivered record second-quarter results, with revenue up 9% to $9.5 billion, driven by surging demand for standby power for data centers and improving North American truck markets. The company raised its full-year revenue growth guidance to 10-13% from 8-11% and tightened its EBITDA margin outlook to 18.0-18.5%, signaling confidence in sustained momentum. Power Systems segment sales jumped 19%, reflecting the data center tailwind, while the company also announced a dividend increase and continued share repurchases. This is a clear beat-and-raise quarter that reinforces the investment thesis around Cummins' exposure to AI-driven power generation demand.