Cummins Q4 Profit $593M After $218M Electrolyzer Charge, 2026 Growth at 3%-8%

CMICMI

Cummins posted Q4 revenue of $8.5B (+1% YoY) and net income of $593M ($4.27/share), including $218M in charges on its electrolyzer unit, while full-year 2025 net income was $2.8B ($20.50), including $458M in Accelera charges. For 2026, Cummins forecasts 3%-8% revenue growth and 17%-18% EBITDA margin.

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