A maker of diesel, natural gas, and gasoline engines and power-generation equipment, Cummins builds the powertrains and generators that move and power trucks, buses, and industrial machinery across the globe. It was founded in 1919 in Columbus, Indiana, when self-taught mechanic Clessie Cummins convinced his banker boss William Irwin to back his diesel-engine idea. To prove his engines worked, Clessie drove a Cummins-powered truck coast to coast in 1931, and his diesel race car became the first to finish the Indianapolis 500 without a single pit stop.
Cummins reports Q1 2026 revenue of $8.4B, raises full-year outlook
First-quarter 2026 revenues were $8.4 billion, up 3% from the same quarter in 2025.
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GAAP net income attributable to Cummins was $654 million, or $4.71 per diluted share, compared to $824 million, or $5.96 per diluted share, in the prior year.
First-quarter results included $199 million, or $1.44 per diluted share, of charges related to the sale of the low-pressure fuel cell business.
EBITDA for the first quarter was $1.3 billion, or 15.4% of sales, compared to $1.5 billion, or 17.9% of sales, a year ago.
Cummins raised its full-year 2026 revenue guidance to up 8% to 11% and EBITDA guidance to 17.75% to 18.50% of sales.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Cummins elects Matthew Tsien, former GM executive, to its Board of Directors
On July 14, 2025, Cummins Inc. elected Matthew Tsien as a director to serve until the next annual meeting of shareholders.
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Tsien is deemed independent under NYSE and SEC rules and will serve on the Audit, Safety/Environment/Technology, and Governance/Nominating Committees.
He will participate in the company's standard non-employee director compensation policies as described in the 2025 Proxy Statement.
Tsien brings over four decades of automotive experience, including roles as EVP and CTO at General Motors and President of GM China.
He currently serves on the boards of AGCO Corporation and Magna International.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Cummins enters new $2.0B 5-year and 3-year credit agreements on June 2, 2025
Cummins Inc. entered into a Third Amended and Restated Credit Agreement (5-Year Credit Agreement) maturing June 2, 2030, with up to $2.0 billion in revolving loans, swingline loans, and letters of credit.
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Cummins also entered into a separate 3-Year Credit Agreement maturing June 2, 2028, with up to $2.0 billion in similar credit facilities, replacing the prior 364-day credit agreement that expired June 2, 2025.
Both credit agreements are with JPMorgan Chase Bank, N.A. as administrative agent and involve Cummins and certain subsidiaries as borrowers.
Borrowings under the credit agreements are unsecured, and Cummins will guarantee all subsidiary borrowings.
Cummins may request incremental term loans or increase availability under each credit agreement by up to $1.0 billion, subject to conditions including no default and lender consent.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits