Cummins has raised its full-year revenue guidance for 2026 to a range of 10% to 13%, citing stronger demand across several markets including North American on-highway, Chinese construction and power generation.
The engine manufacturer reported second-quarter revenues of $9.5 billion, an increase of 9% on the same period in 2025. Sales in North America rose 8%, while international revenues, led by growth in China, increased 12%. Net income attributable to Cummins was $932 million, or $6.73 per diluted share, compared with $890 million, or $6.43 per diluted share, a year earlier.
Alongside its financial results, Cummins confirmed updated Model Year 2027 North American on-highway product plans following the US Environmental Protection Agency’s proposed changes to forthcoming emissions regulations. The company will introduce its new X10 and X15 engines through a measured production ramp while maintaining availability of selected legacy products in 2027. Cummins says the approach is designed to meet the proposed regulatory framework, support customer production schedules and allow additional time to increase production in a controlled manner.
The company recently showcased the new platforms through its Forever Rising Tour, giving customers direct engagement with its latest powertrain technologies.
In power generation, Cummins reached an agreement in June with Circe Energy to supply a series of natural gas generator sets for a behind-the-meter prime power microgrid at a high-performance computing data centre in Texas. The arrangement covers the HSK78 and QSK60 generator set platforms and reflects an expanding role for the company in the North American data centre market, using natural gas-fuelled generator sets and integrated microgrid controls.
EBITDA in the second quarter was $1.7 billion, or 17.5% of sales, compared with $1.6 billion, or 18.4% of sales, a year earlier. Cummins expects full-year EBITDA in the range of 18.0% to 18.5%. The company also increased its quarterly common stock cash dividend from $2.00 to $2.20 per share, the 17th consecutive annual increase.
“Cummins delivered record second-quarter results, reflecting robust customer orders for standby power for data centers and improving North American truck markets,” says Jennifer Rumsey, chair and chief executive of Cummins. “Rising demand and disciplined execution drove record performance as we continue to perform well in a complex macroeconomic environment. We are raising our expectations for full year performance and expect the second half of the year to be stronger than the first half. With greater regulatory clarity in on-highway markets in the U.S. and continued momentum across key markets, we are well positioned to deliver for our customers and generate profitable growth.”
“We’re raising our financial outlook for 2026 as demand continues to outpace expectations across several key markets,” adds Rumsey. “North American truck markets continue to improve, while demand for data center power generation remains robust. Our market-leading positions and talented global workforce position us well to capitalize on these trends, meet our customers’ needs, invest in future growth and continue delivering strong returns for shareholders.”
Image: Cummins
