Filing Flows › Cummins (CMI) › Q2 2026
Cummins (CMI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Cummins (CMI) reported revenue of $9.5B for the second quarter 2026 (Q2 2026), +9% from a year earlier and +13% from the quarter before. Operating margin was 13.5%, net earnings $932M (9.9% of revenue).
Cummins, Q2 2026: revenue $9.5B (+9% year over year), operating margin 13.5%, net earnings $932M, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.5B | +13% | +9% |
| Gross profit | $2.5B | +10% | +8% |
| Operating profit | $1.3B | +35% | +4% |
| Net earnings | $932M | +43% | +5% |
| Operating cash flow | $1.5B | +385% | +91% |
| Free cash flow | $1.2B | +942% | +126% |
What changed
Revenue was $9.5B in Q2 2026, up 9% year over year and up 13% from the previous quarter. Distribution was the largest line at 35% of revenue. Distribution added $0.29B year over year (up 9%), 35% of the total change.
Gross margin was 26.1%, down 0.3 points from Q2 2025. Operating profit was $1.3B, a 13.5% margin (down 0.7 points year over year). Of the extra revenue versus Q2 2025, 7% reached operating profit, below the 14% margin then. Operating expenses grew 12% against revenue growth of 9%. Net earnings were $0.93B, up 5% year over year. The effective tax rate was 25.1%.
Operating cash flow was $1.5B (up 91% year over year), 155% of net income including minority interests. Non-cash charges added back $0.28B of depreciation and amortization. Working capital and other items added $0.25B. Capital expenditures of $0.25B left free cash flow of $1.2B.
Questions
What was Cummins' revenue in the second quarter 2026?
Cummins (CMI) reported revenue of $9.5B for the second quarter 2026 (Q2 2026), +9% from a year earlier and +13% from the quarter before.
Was Cummins profitable in the second quarter 2026?
Operating profit was $1.3B (13.5% of revenue) and net earnings $932M.
Source: Cummins 10-Q on SEC EDGAR.