Revenue Growth Driven by Top-Line Expansion
Revenue grew 2.7% YoY to $8.40B in Q1 2026 from $8.17B in Q1 2025, suggesting modest demand resilience across Cummins' business segments despite a challenging macro environment.
CUMMINS INC is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Cummins Inc. reported Q1 2026 revenue of $8.40B (+2.7% YoY), but operating income fell 16.3% to $949M and EPS dropped 21.0% to $4.71 diluted, reflecting higher SG&A costs and margin compression despite modest top-line growth.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue grew 2.7% YoY to $8.40B in Q1 2026 from $8.17B in Q1 2025, suggesting modest demand resilience across Cummins' business segments despite a challenging macro environment.
Operating income fell 16.3% YoY to $949M, with operating margin compressing 260 basis points to 11.3% from 13.9%, driven primarily by a 9.6% surge in SG&A expenses to $845M and a 4.1% increase in R&D spend to $358M.
Gross margin improved modestly by approximately 34 basis points to 26.7% from 26.4%, indicating that cost of revenue grew slightly slower (+2.3%) than revenue (+2.7%), providing some offset to the operating cost headwinds.
Revenue
$8.4B
++2.74% YoY
EPS (Basic)
$4.73
-21.04% YoY
Gross Margin
26.7%
++0.34% YoY
Operating Income
$949M
-16.31% YoY
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