The 2026-so-far story in industrial machinery has been about who owns the electrification stack.
Cummins Inc. is evolving from a legacy engine supplier to a diversified power infrastructure platform, driven by surging data center and AI-related power demand. Cummins projects data center revenue to rise from $5 billion in 2026 to over $9 billion by 2030, with incremental margins near 25% and significant EBITDA upside. The Power Systems segment is already delivering high growth and margins, supporting management's raised guidance and validating the business mix shift.
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Cummins delivered mixed Q2 results, with revenue beats but EPS misses and soft profitability outside power systems. CMI raised full-year revenue guidance to 10%-13% growth and narrowed EBITDA margin outlook to 18%-18.5%, citing data center and China construction demand. Data center power generation and a recovering truck market are set to drive multi-year growth, offsetting segment softness.
CMI's Q2 revenues beat estimates. The company raises its 2026 outlook, but higher compensation, R&D, freight and coverage costs weigh on earnings and margins.
Cummins raises its 2026 outlook as data center power demand, stronger truck markets and a phased emissions transition shape second-half growth.
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Cummins NYSE: CMI reported record second-quarter sales and EBITDA for 2026, driven by continued demand for power generation equipment used in data centers, improving North American truck markets and stronger activity in China.
While the top- and bottom-line numbers for Cummins (CMI) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Cummins (CMI) came out with quarterly earnings of $6.94 per share, missing the Zacks Consensus Estimate of $7.33 per share. This compares to earnings of $6.43 per share a year ago.
Cummins raised its outlook for the year after reporting higher profit and sales in the second quarter, boosted by accelerating orders for standby power for data centers, as well as improving North American truck markets.
Evaluate the expected performance of Cummins (CMI) for the quarter ended June 2026, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.