Cummins Posts Record Q2 Revenue of $9.5B, Raises Full-Year Outlook on Data Center Boom
CMI sits 69% above its 52-week low of $354.68.
Summary
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.
Key Events · Earnings and Guidance · CMI
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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%.
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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.
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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.
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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.
Analysis · 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.
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In the 30 days to Sep 15, 2026, 35.6% of the 1100 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CMI was trading at $597.68 on NYSE in the Technology sector, with a market capitalization of approximately $89.5B. The 52-week trading range was $354.68 to $737.76. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.