Filing Flows › Cummins (CMI) › Guidance history
Cummins (CMI) guidance history: what it guided and what it reported
Cummins gave guidance in 14 earnings releases on file since Feb 6, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Tax rate: 2 of 2, on average -4.0 pts against the guided midpoint. Its releases raised guidance 5 times and lowered it 4 times.
Tax rate
Met or beat 2 of 2 periods (0 above, 0 within, 2 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 23.0% (May 5, 2026) → reaffirmed 23.0% (Aug 4, 2026) → reaffirmed 23.0% (Nov 5, 2026) | — | to be reported | — |
| FY2025 | 24.5% (Aug 5, 2025) → raised 26.5% (Nov 6, 2025) | 25.4% | below the range | -1.1 pts |
| FY2024 | 24.0% (Feb 6, 2024) → reaffirmed 24.0% (May 2, 2024) → reaffirmed 24.0% (Aug 1, 2024) | 17.0% | below the range | -7.0 pts |
Adjusted tax rate
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 24.0% (Feb 5, 2026) → lowered 23.0% (May 5, 2026) | — | to be reported | — |
| FY2025 | 24.5% (Feb 4, 2025) → reaffirmed 24.5% (May 5, 2025) | — | — | — |
| FY2024 | 23.5% (Nov 5, 2024) | — | — | — |
The latest quarter
Cummins, Q3 2026: revenue $9.4B (+14% year over year), operating margin 15.3%, net earnings $1.1B, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
Questions
Does Cummins beat its guidance?
Cummins gave guidance in 14 earnings releases on file since Feb 6, 2024. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Tax rate: 2 of 2, on average -4.0 pts against the guided midpoint.
How often does Cummins raise guidance?
Its earnings releases raised guidance 5 times and lowered it 4 times since Feb 6, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.