Filing Flows › Cummins (CMI) › Q2 2026 › vs Q2 2025
Cummins (CMI) Q2 2026 vs Q2 2025 (year over year)
Cummins's revenue rose $814M (+9%) from $8.6B in Q2 2025 to $9.5B in Q2 2026. The biggest changes: Distribution +$286M (+9%); Engine +$187M (+9%); Power Systems +$163M (+15%). Gross margin 26.1% against 26.4% (-0.3 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 26.1% | 26.4% | -0.3 pts |
| Operating margin | 13.5% | 14.2% | -0.7 pts |
| Net margin | 9.9% | 10.3% | -0.4 pts |
| Free cash flow margin | 13.2% | 6.4% | +6.8 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Distribution | $3.3B | $3.0B | $286M | +9% |
| Components | $2.4B | $2.3B | $136M | +6% |
| Engine | $2.3B | $2.2B | $187M | +9% |
| Power Systems | $1.2B | $1.1B | $163M | +15% |
| Accelera | $140M | $98.0M | $42.0M | +43% |
| Revenue | $9.5B | $8.6B | $814M | +9% |
| Gross profit | $2.5B | $2.3B | $184M | +8% |
| Cost of revenue | $7.0B | $6.4B | $630M | +10% |
| Operating profit | $1.3B | $1.2B | $53.0M | +4% |
| Operating expenses | $1.2B | $1.1B | $131M | +12% |
| Pre-tax earnings | $1.3B | $1.2B | $68.0M | +6% |
| Net earnings | $932M | $890M | $42.0M | +5% |
| Minority interests | $36.0M | $38.0M | −$2.0M | -5% |
| Income tax | $325M | $297M | $28.0M | +9% |
| Depreciation & amortization | $281M | $279M | $2.0M | +0.7% |
| Working capital & other | $286M | −$384M | $670M | — |
| Operating cash flow | $1.5B | $785M | $714M | +91% |
| Free cash flow (OCF − capex) | $1.2B | $554M | $696M | +126% |
| Capital expenditures | $249M | $231M | $18.0M | +8% |
Questions
How much did Cummins's revenue grow year over year in Q2 2026?
Cummins's revenue rose $814M (+9%) from $8.6B in Q2 2025 to $9.5B in Q2 2026.
What drove Cummins's revenue change in Q2 2026?
Distribution +$286M (+9%); Engine +$187M (+9%); Power Systems +$163M (+15%).