Filing Flows › Cummins (CMI) › Q2 2026 › vs Q1 2026
Cummins (CMI) Q2 2026 vs Q1 2026 (quarter over quarter)
Cummins's revenue rose $1.1B (+13%) from $8.4B in Q1 2026 to $9.5B in Q2 2026. The biggest changes: Engine +$383M (+19%); Components +$293M (+14%); Distribution +$211M (+7%). Gross margin 26.1% against 26.7% (-0.6 pts).
Cummins, Q2 2026: revenue $9.5B (+9% year over year), operating margin 13.5%, net earnings $932M, operating cash flow $1.5B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 26.1% | 26.7% | -0.6 pts |
| Operating margin | 13.5% | 11.3% | +2.2 pts |
| Net margin | 9.9% | 7.8% | +2.1 pts |
| Free cash flow margin | 13.2% | 1.4% | +11.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Distribution | $3.3B | $3.1B | $211M | +7% |
| Components | $2.4B | $2.1B | $293M | +14% |
| Engine | $2.3B | $2.0B | $383M | +19% |
| Power Systems | $1.2B | $1.1B | $124M | +11% |
| Accelera | $140M | $92.0M | $48.0M | +52% |
| Revenue | $9.5B | $8.4B | $1.1B | +13% |
| Gross profit | $2.5B | $2.2B | $222M | +10% |
| Cost of revenue | $7.0B | $6.2B | $837M | +14% |
| Operating profit | $1.3B | $949M | $330M | +35% |
| Operating expenses | $1.2B | $1.3B | −$108M | -8% |
| Pre-tax earnings | $1.3B | $934M | $359M | +38% |
| Net earnings | $932M | $654M | $278M | +43% |
| Minority interests | $36.0M | $26.0M | $10.0M | +38% |
| Income tax | $325M | $254M | $71.0M | +28% |
| Depreciation & amortization | $281M | $282M | −$1.0M | -0.4% |
| Working capital & other | $286M | −$627M | $913M | — |
| Operating cash flow | $1.5B | $309M | $1.2B | +385% |
| Free cash flow (OCF − capex) | $1.2B | $120M | $1.1B | +942% |
| Capital expenditures | $249M | $189M | $60.0M | +32% |
Questions
How much did Cummins's revenue grow quarter over quarter in Q2 2026?
Cummins's revenue rose $1.1B (+13%) from $8.4B in Q1 2026 to $9.5B in Q2 2026.
What drove Cummins's revenue change in Q2 2026?
Engine +$383M (+19%); Components +$293M (+14%); Distribution +$211M (+7%).