Cummins Q2 Revenue Hits $9.5B, Raises 2026 Outlook on Data Center Boom
CMI sits 78% above its 52-week low of $354.68.
Summary
Cummins delivered record Q2 results with revenue up 9% to $9.5 billion, driven by surging data center standby power orders and improving North American truck markets. Net income rose to $932 million ($6.73 EPS) from $890 million a year ago, while EBITDA reached $1.7 billion. Management raised full-year 2026 revenue guidance to 10-13% growth and EBITDA margin to 18.0-18.5%, citing stronger demand across key markets. The company also boosted its quarterly dividend by 10% to $2.20 per share, marking 17 consecutive years of increases. This follows the May Analyst Day where 2030 targets were raised, and a June deal with Circe Energy for natural gas generator sets for a Texas HPC data center. The raised outlook and record performance signal accelerating momentum in power generation and on-highway segments, with the second half expected to be stronger than the first.
At the time of this announcement, CMI was trading at $629.99 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $89.5B. The 52-week trading range was $354.68 to $737.76. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.