Cummins reported first quarter revenues of $8.4 billion, a 3% increase year-over-year, and diluted EPS of $4.71. Results were impacted by a $199 million charge ($1.44 per share) related to the sale of its low-pressure fuel cell business. The company raised its full-year 2026 guidance, citing stronger demand.
Key Highlights
- Management raised its full-year 2026 revenue guidance to a range of up 8% to 11%, an increase from the prior forecast of 3% to 8%.
- The Power Systems segment delivered record performance with sales growing 19% to $2.0 billion, driven by strong demand for data center backup power solutions.
- International revenues increased 16%, primarily due to stronger demand in China, which offset a 6% sales decrease in North America.