Data center boom lifts Cummins Q2 revenue to $9.5B; Power Systems EBITDA surges 28%
CMI sits 73% above its 52-week low of $356.92.
Summary
Record Q2 revenue of $9.5 billion, up 9%, was fueled by data center power generation demand. Power Systems EBITDA surged 28%. Full-year guidance was raised despite an EPS miss from a one-time charge.
Key Events · Earnings and Guidance · CMI
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Record Q2 Revenue of $9.5B
Revenue rose 9% year-over-year to $9.5 billion, driven by data center standby power orders and international construction demand.
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Power Systems EBITDA Surges 28%
Power Systems segment EBITDA hit $552 million, up 28% from $430 million a year ago, as hyperscaler data center demand accelerated.
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Full-Year Guidance Raised
Management increased full-year revenue and EBIT guidance, citing strong power generation markets and stable aftermarket demand.
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EPS Miss on One-Time Charge
Diluted EPS of $6.73 missed consensus of $7.23 due to a $199 million charge from the sale of the low-pressure fuel cell business and settlement of customer obligations.
Analysis · CMI · Technology
Surging demand for data center standby power propelled Cummins to record Q2 revenue of $9.5 billion, a 9% year-over-year increase. The Power Systems segment stood out, with EBITDA jumping 28% to $552 million as hyperscaler orders accelerated. Diluted EPS of $6.73 missed consensus by $0.50, weighed down by a $199 million charge tied to exiting the fuel cell business, yet the underlying operational momentum prompted management to raise full-year revenue and EBIT guidance. The quarter confirms that Cummins is a direct beneficiary of the AI infrastructure buildout, offsetting cyclical weakness in heavy-duty truck markets.
At the time of this filing, CMI was trading at $616.67 on NYSE in the Technology sector, with a market capitalization of approximately $85.1B. The 52-week trading range was $356.92 to $737.76. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.