Every 10-Q that Cummins Inc. (CMI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CMI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CMI filings page.
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 softer first‑quarter results for 2026, with net income attributable to the company of $654 million on net sales of $8.4 billion, compared with $824 million on $8.2 billion a year earlier. Diluted earnings per share declined from $5.96 to $4.71.
Sales grew 3% overall as strong power generation demand boosted the Power Systems and Distribution segments, while Engine and Components faced lower North American truck demand. Results were also reduced by a $199 million loss on the sale of a low‑pressure fuel cell business and related customer settlements.
Cummins Inc. reported Q3 2025 results. Net sales were $8,317 million versus $8,456 million a year ago, and diluted EPS was $3.86 versus $5.86. Operating income was $852 million compared to $1,050 million, reflecting higher other operating expense and a higher effective tax rate. Gross margin was $2,129 million.
Segment trends were mixed: Engine and Components declined year over year, while Distribution and Power Systems grew. U.S. sales were $4,663 million, with China and India at $844 million and $447 million, respectively. The quarter’s tax expense included a $36 million impact from the One Big Beautiful Bill Act, and the effective tax rate was 32.7 percent.
Liquidity strengthened with cash and cash equivalents of $2,566 million. Long-term debt rose following the issuance of $2.0 billion in senior notes (4.25% due 2028, 4.70% due 2031, 5.30% due 2035). As of September 30, 2025, there were 138,036,253 shares of common stock outstanding.
Cummins (CMI) Q2-25 headline: revenue slipped 1.7 % YoY to $8.64 bn, but stronger mix and cost control lifted gross margin 40 bp to 26.4 % and pushed operating income up 17 % to $1.23 bn. Net income attributable to CMI grew 23 % to $890 m; diluted EPS rose to $6.43 (vs $5.26).
- Segments: Engine –12 % YoY; Components –9 %; Distribution +8 %; Power Systems +19 %.
- Geography: U.S. sales –5 %; China +11 % aided by localization; other int’l broadly flat.
- Cash & liquidity: Cash & marketable securities increased to $3.07 bn (Dec-24: $2.26 bn) after $782 m operating cash inflow and $2.0 bn senior-note issuance (May 9). Long-term debt now $6.81 bn (Dec-24: $4.78 bn); revolving credit headroom $3.6 bn.
- Balance-sheet quality: equity rose to $12.87 bn; inventories up 9 % YoY to $6.29 bn; warranty accrual stable at $2.69 bn.
- YTD view: H1-25 revenue –2 %; EPS $12.38 (–36 %) reflecting prior-year $1.33 bn Atmus gain.