Cummins misses quarterly profit estimates despite strong generator demand
CMI•Segment performance and quarterly results
Cummins' Power Systems segment, which makes generators, increased 19% to $2.3 billion from a year earlier, while its Distribution segment rose 9% to $3.3 billion.
Revenue at Accelera climbed 38% from a year earlier, reflecting higher sales of zero-emissions technologies.
Profit for the quarter ended June 30 came in at $6.73 per share, compared with $6.43 per share from a year earlier. Analysts on average expected $7.23 per share, according to data compiled by LSEG.
Quarterly net sales rose 9.4% to $9.46 billion, beating estimates of $9.33 billion.
Demand remains strong across power systems and trucks
"North American truck markets continue to improve, while demand for data center power generation remains robust," CEO Jennifer Rumsey said.
The company now forecasts 2026 revenue to increase 10%-13%, compared with its previous view of 8%-11% growth.
Quarterly profit misses estimates despite stronger sales
Aug. 4 (Reuters) - U.S. truck engine maker Cummins reported second-quarter profit below market expectations on Tuesday, despite benefiting from strong demand for generators and improving conditions in the North American truck market, sending its shares down as much as 8% in premarket trading.
The weaker-than-expected profit underscored challenges in converting robust demand for power-generation equipment into stronger earnings, even as Cummins benefited from AI-driven data-center investments and improving truck-market conditions.
