CMI
CumminsPrevious close
500.09
Change
−17.94 / −3.46%
P/E (TTM) ?
25.9
Market Cap
$69.2B
1M
−3.19%
S&P 500 −0.91% over same period
Volume / Avg Volume
1.4M / 1.1M
1.33× average
Latest earnings analysisFY2026 Q2Reported 2026-08-04
Cummins Q2 2026: record $9.46 billion revenue, raised outlook, EPS miss
Record revenue, a raised outlook and $1.25 billion of quarterly free cash flow — the direction of travel is up, even though reported EPS landed below consensus. Read the quarter in two parts: the demand story in power generation and North American trucks is clearly improving, while the bottom line was hit by tax items and higher incentive pay. Judge it on second-half margins, not on the $6.73 headline.
Read the full analysis →Revenue$9.46BYoY +9.40%
EPS$6.73Missest. $7.30
Next-day move+2.25%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-08-04 | $9.5B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-05-05 | $8.4B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-02-05 | $33.7B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-11-06 | $8.3B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-08-05 | $8.6B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-05-05 | $8.2B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 65 of its 5-year rangeMid-range
5-year range 11.4 – 54.4 · Median 22.6
Last 4 quarters: $468M in buybacks + $1.1B in dividends, 2.27% of market cap combined
P/E (TTM)
25.9
P/B
5.5
P/S
2.0
Dividend Yield
2.98%
Earnings Reaction
Over the last 6 reports, the stock moved ±3.5% on average on the first trading day after, rising 5 times
Most recent +2.25%
Volatility & Correlation
1-year beta 1.64 · Correlation with S&P 500 0.58High beta
Annualized volatility 36% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 1 · $0.40MNet selling $0.40M
- 08-24Newsome EarlVP - Chief Information OfficerSell$0.40M698 shares · Avg price 572.22
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q2 | 9.46 | +9.4% | 26.1% | — | 6.73 |
| FY2026 Q1 | 8.40 | +2.7% | 26.7% | — | 4.71 |
| FY2025 Q4 | 8.54 | +1.1% | 22.9% | — | 4.25 |
| FY2025 Q3 | 8.32 | −1.6% | 25.6% | — | 3.86 |
| FY2025 Q2 | 8.64 | −1.7% | 26.4% | — | 6.43 |
| FY2025 Q1 | 8.17 | −2.7% | 26.4% | — | 5.96 |
| FY2024 Q4 | 8.45 | −1.1% | 24.1% | — | 3.22 |
| FY2024 Q3 | 8.46 | +0.3% | 25.7% | — | 5.86 |
| FY2024 Q2 | 8.80 | +1.8% | 24.9% | — | 5.26 |
| FY2024 Q1 | 8.40 | −0.6% | 24.3% | — | 14.03 |
| FY2023 Q4 | 8.54 | +9.9% | 23.4% | — | -10.04 |
| FY2023 Q3 | 8.43 | +15.0% | 24.6% | — | 4.59 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| CMI | 25.9 | +9.4% | 26.1% | −3.19% | Bullish |
| SPCX | — | +161.4% | 62.4% | −10.70% | Bullish |
| CAT | 26.8 | +24.0% | 37.8% | −23.19% | Bullish |
| GE | 35.1 | +15.9% | — | −3.36% | Bullish |
| RTX | 32.0 | +11.1% | — | +7.62% | Bullish |
| GEV | 22.8 | +26.8% | 24.6% | −9.74% | Bullish |
| UNP | 23.6 | +15.3% | — | +11.71% | Bullish |
| DE | 36.7 | +4.9% | — | +0.59% | Bullish |
| ETN | 38.6 | +21.4% | 33.5% | −13.90% | Bullish |