CUMMINS INC SEC Filings

State Street Corporation reported beneficial ownership of Cummins Inc. common stock. It beneficially owned 6,916,495 shares of Cummins common stock, representing 5% of the class as of the report date.

State Street reported 0 shares with sole voting power and 4,266,189 shares with shared voting power. It had 0 shares with sole dispositive power and 6,908,874 shares with shared dispositive power. The holdings are associated with various asset management subsidiaries, including SSGA Funds Management, Inc. and multiple State Street Global Advisors entities in the U.S., Europe, Asia, Australia, Singapore, Japan, and Saudi Arabia. The filing states that no group arrangement or more-than-5% beneficial interest on behalf of another person is applicable.

Cummins Inc. reported second-quarter 2026 net sales of $9,457M, up 9% year over year, with net income attributable to Cummins of $932M and diluted EPS of $6.73, both up 5%. Higher sales and gross margin were partly offset by increased compensation costs.

For the first half of 2026, sales rose to $17,855M (up 6%), while net income attributable to Cummins declined to $1,586M from $1,714M, mainly due to a $199M charge tied to selling a low pressure fuel cell business and settling current and future customer obligations in the Accelera segment.

Growth was led by Power Systems and Distribution, benefiting from strong demand for power generation equipment, especially data centers, and international construction markets; international revenue increased 14%. Operating cash flow reached $1,808M in the first half, supporting $438M of capital expenditures, $552M of dividends and $468M of share repurchases. As of June 30, 2026, cash and marketable securities totaled $3,924M against total debt carrying value of $7,695M, resulting in a 35.6% debt-to-capital ratio, while Cummins continued funding its Amplify battery-cell joint venture.

Cummins Inc. reported record second-quarter 2026 net sales of $9,457 million, up 9% year over year, driven by data center power generation and improving North American truck markets. Net income attributable to Cummins was $932 million, or $6.73 per diluted share. EBITDA was $1,653 million, 17.5% of sales, as higher incentive compensation weighed on margins. North American sales rose 8% and international revenues 12%.

The company raised its 2026 outlook, now expecting full-year revenue to grow 10%–13% and EBITDA margin to be 18.0%–18.5%, compared with prior revenue guidance of 8%–11%. Operating cash flow reached $1,499 million in the quarter, supporting $501 million returned to shareholders through dividends and buybacks and a quarterly dividend increase from $2.00 to $2.20 per share. Power Systems sales grew 19%, while Accelera revenue rose 38% with an EBITDA loss of $69 million.

CUMMINS INC executive Brett Michael Merritt, Vice President and President of the Engine Business, reported a bona fide gift of 218 common shares. The gift carried a reported price of $0.00 per share and left him with 10,186 common shares held directly, plus 113.4932 common shares held indirectly through a 401(k) plan.

Cummins Inc. executive Bonnie J. Fetch, EVP & President - Operations, reported a bona fide gift of 155 shares of Cummins common stock. After the gift, she directly holds 11,524 common shares and a stock option to buy 752 common shares at $142.12 per share, expiring on April 6, 2030. The gift is a non-market transfer and does not represent an open-market sale or purchase.

Donald G. Jackson submitted a Form 144 notice reporting proposed dispositions of company common stock related to restricted shares that vested. The filing lists 1,600 shares sold on 02/24/2026 for $960,200.80 and shows 730 shares tied to restricted stock vesting on 03/01/2026 under a registered plan.

Cummins Inc. executive Nathan R. Stoner, VP - China ABO, reported a bona fide gift of 600 shares of Cummins common stock. The gift carried no sale price, reflecting a transfer without consideration. After the transaction, he directly owns 8,846.669 common shares.

Cummins Inc. vice president Donald G. Jackson reported open-market sales of 730 shares of common stock. The shares were sold on May 14, 2026 in multiple transactions at weighted average prices around $710–$713 per share, as detailed in the footnotes.

After these sales, he directly holds 8,315.639 common shares and has an additional 215.4668 shares indirectly through the company 401(k) plan. He also retains stock options covering 1,600 common shares with exercise prices of $142.12 and $169.83 expiring in 2030, indicating a remaining equity stake alongside the routine disposition.

Cummins Inc. reported the results of its 2026 annual shareholder meeting held on May 12, 2026. Shareholders holding 87.8% of the 138,257,420 shares outstanding as of March 16, 2026 were represented in person or by proxy, providing a strong quorum.

All eleven director nominees were elected for one-year terms expiring at the 2027 annual meeting. Shareholders approved, on an advisory basis, the compensation of the named executive officers and ratified the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2026.

Shareholders also approved the Company’s 2026 Omnibus Incentive Plan. Two shareholder proposals — one to adopt a policy separating the roles of Chairperson and Chief Executive Officer and another requesting a report on charitable support — did not receive sufficient votes and were not approved.