Filing Flows › Cummins (CMI) › Q3 2026 › vs Q2 2026
Cummins (CMI) Q3 2026 vs Q2 2026 (quarter over quarter)
Cummins's revenue fell $19.0M (-0.2%) from $9.5B in Q2 2026 to $9.4B in Q3 2026. The biggest changes: Accelera −$45.0M (-32%); Engine +$40.0M (+2%); Components −$34.0M (-1%). Gross margin 27.7% against 26.1% (+1.6 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 27.7% | 26.1% | +1.6 pts |
| Operating margin | 15.3% | 13.5% | +1.8 pts |
| Net margin | 12.1% | 9.9% | +2.2 pts |
| Free cash flow margin | 11.7% | 13.2% | -1.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Distribution | $3.3B | $3.3B | −$13.0M | -0.4% |
| Components | $2.4B | $2.4B | −$34.0M | -1% |
| Engine | $2.4B | $2.3B | $40.0M | +2% |
| Power Systems | $1.2B | $1.2B | $33.0M | +3% |
| Accelera | $95.0M | $140M | −$45.0M | -32% |
| Revenue | $9.4B | $9.5B | −$19.0M | -0.2% |
| Gross profit | $2.6B | $2.5B | $150M | +6% |
| Cost of revenue | $6.8B | $7.0B | −$169M | -2% |
| Operating profit | $1.4B | $1.3B | $165M | +13% |
| Operating expenses | $1.2B | $1.2B | −$15.0M | -1% |
| Pre-tax earnings | $1.4B | $1.3B | $127M | +10% |
| Net earnings | $1.1B | $932M | $208M | +22% |
| Minority interests | $29.0M | $36.0M | −$7.0M | -19% |
| Income tax | $251M | $325M | −$74.0M | -23% |
| Depreciation & amortization | $288M | $281M | $7.0M | +2% |
| Working capital & other | $23.0M | −$286M | $309M | — |
| Operating cash flow | $1.4B | $1.5B | −$94.0M | -6% |
| Free cash flow (OCF − capex) | $1.1B | $1.2B | −$148M | -12% |
| Capital expenditures | $303M | $249M | $54.0M | +22% |
Questions
How much did Cummins's revenue grow quarter over quarter in Q3 2026?
Cummins's revenue fell $19.0M (-0.2%) from $9.5B in Q2 2026 to $9.4B in Q3 2026.
What drove Cummins's revenue change in Q3 2026?
Accelera −$45.0M (-32%); Engine +$40.0M (+2%); Components −$34.0M (-1%).