Cummins Inc. (CMI) Earnings Call Transcripts
Cummins Inc.'s Latest Earnings Call - June 9, 2026
In the second quarter of fiscal year 2026, Cummins Inc. reported strong demand for its diesel standby products, leading to a revenue guidance increase to $9 billion by 2030. The company is investing $450 million to add 20 gigawatts of capacity, which is expected to enhance its market position significantly. Earnings per share (EPS) guidance remains stable, with management indicating that incremental margins will be sustainable above 25%.
Reported metrics
| Metric | Value |
|---|---|
| Revenue Guidance | $9B (positive) |
| EPS Guidance | null (inline) |
| Capital Expenditure | $450M (positive) |
| EBITDA Margin | 25% (positive) |
| Lead Time for Orders | 2028 (positive) |
| Incremental Margins | 40% (neutral) |
Guidance from management
Management maintained its revenue guidance of $9 billion by 2030, with expectations of sustained demand in diesel standby products. EPS guidance remains stable, with no changes indicated.
What management said
Well, I think the bigger thing is where we're adding the capacity is across our 95-liter, 78-liter and 60-liter solutions. It's also across our global footprint when we think about Seymour, Indiana, Fridley, Minnesota, U.K., India, China and then some aspects of Brazil. So you're really looking at across those engine displacements. Where do we have existing capabilities within our footprint, what is the local supply ...
Yes. So the incumbent solution in China is 2 60 liters paired together to essentially create a 120-liter equivalent solution. The reason for that is you have a lot of 60-liter capacity within China that was easy to pair together to meet their needs. As that market continues to evolve, we do see that, that could migrate up in terms of the displacement, but that would be an area that we continue to evaluate as we think...
What analysts pressed on
Analysts expressed concerns regarding supply chain constraints and the potential impact on production timelines. There were also questions about the regulatory environment and how it might affect pricing and demand moving forward.
Main topics on the call
- New Engine Platform Development — Cummins is introducing a new 120-liter natural gas engine platform aimed at Prime Power, leveraging existing architecture for faster time to market. Management stated, "we're looking at second half of '27 as being our de...
- Strong Demand in Diesel Standby Products — Management highlighted strong customer demand, particularly from hyperscalers, with expectations that diesel standby products will drive significant revenue growth. They noted, "we see very strong demand from our custome...
- Capacity Expansion Plans — Cummins plans to invest $450 million to add 20 gigawatts of capacity, maintaining a capital-efficient approach. The investment is characterized as "largely within the 4 walls of existing facilities," which should enhance...
- EPA '27 Regulatory Outlook — Management anticipates clarity on EPA '27 regulations soon, with expectations of a 35-milligram NOx standard. They stated, "we anticipate hearing in the next couple of weeks" regarding the update.
Read the full Cummins Inc. transcript (June 9, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Cummins Inc.
Cummins Inc. (CMI) is a publicly listed company in the Machinery industry, within the Industrials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 85 calls on record spanning February 4, 2020 to June 9, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 85 Cummins Inc. earnings call transcripts on record, spanning February 4, 2020 to June 9, 2026. Based on this history, Cummins Inc. reports quarterly. The most recent call on file is dated June 9, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- CMI
- Exchange
- NYSE
- Country
- US
- Sector
- Industrials
- Industry
- Machinery
- Calls on record
- 85
- First call
- February 4, 2020
- Most recent
- June 9, 2026
- Reporting cadence
- quarterly