Cummins Misses Q3 2026 Estimates as Revenue Rises 13% to $9.44B
Revenue of $9.44B vs. $9.89B expected and adjusted EPS of $7.71 vs. $8.20; revenue up 13% from a year earlier.
Cummins (CMI) missed estimates for the third quarter of 2026 on both revenue and adjusted EPS. Revenue was $9.44 billion, up 13% from a year earlier, below the $9.89 billion estimate, and adjusted EPS was $7.71, up 38% from a year earlier, below the $8.20 estimate.
Shares fell 2.4% in premarket trading as of 7:30 a.m. ET, to $460.62 from a $471.84 close.
Q3 2026 scorecard
| Parameters | Expected | Actual | Beat/Miss |
|---|---|---|---|
| Adjusted EPS | $8.20 | $7.71 | Miss by 6.0% |
| Revenue | $9.89B | $9.44B | Miss by 4.5% |
| Change | YoY | QoQ |
|---|---|---|
| Adjusted EPS | ▲ 38% | ▲ 15% |
| Revenue | ▲ 13% | ▼ 0.2% |
By our calculation, revenue was $447.2 million below the estimate and adjusted EPS was $0.49 below it. The QoQ column compares with the previous quarter's revenue of $9.46 billion and adjusted EPS of $6.73. The YoY column compares with $8.32 billion and $5.59 in the same quarter a year earlier.
Track record
- EPS record. Adjusted EPS beat the estimate in 6 of the last 8 reports, including this one.
- Revenue record. Revenue beat the estimate in 6 of the last 8 reports.
- Revenue trend. Revenue over the last 5 reports, oldest first: $8.32 billion, $8.54 billion, $8.40 billion, $9.46 billion and $9.44 billion.
What to watch
- Next-quarter estimates. Consensus calls for EPS of $8.52 and revenue of $10.01 billion next quarter, based on 7 analysts.
- Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 13% increase to $9.44 billion.
- Estimate record. Whether Cummins extends a record of beating EPS estimates in 6 of its last 8 reports.
- Related coverage. See our reports on Parker-Hannifin, Kimbell Royalty Partners, Open Text and First Majestic Silver.
Sources: Results are from Cummins's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Cummins's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.
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