Cummins Q3 FY2026: record EBITDA and EPS $8.25 as revenue rises 13.5%
Cummins delivered a record quarter, and the story is margin rather than volume: revenue rose 13.5% to $9.44 billion while gross margin jumped 2.1 points to 27.7%. EPS of $8.25 landed $0.03 below the $8.2782 consensus, and $0.54 of it came from favorable tax items. Guidance kept its profit range but lost its revenue upside. Read the segments next: power generation is pulling, pickup trucks are dragging.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $8.25 came in $0.03 under the $8.2782 consensus — a rounding-error miss, not a crack. Roughly $0.54 of the quarter's earnings per share came from $75 million of favorable discrete tax items, so the underlying figure is closer to $7.71. The year-ago $3.86 was depressed by $240 million of Accelera charges, so the headline comparison flatters the improvement.
Revenue of $9.44 billion rose 13.5% from $8.32 billion a year ago, and was essentially flat against the $9.46 billion booked in Q2. The real move was in margin: gross margin climbed from 25.6% to 27.7%, which is why operating income jumped to $1.44 billion from $852 million. Both geographies contributed, with North American sales up 15% and international sales up 11%.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-05
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