Cummins Posts Record EBITDA, Trims Revenue Outlook

The engine maker's third-quarter earnings topped its profit marks but revenue fell short of analyst estimates.

Updated on Nov. 5, 2026 in Trucks

Isometric editorial illustration of a single unmarked diesel engine block on a plain concrete floor, in muted oxblood, slate, and mustard tones. — Cummins reported record third-quarter EBITDA of $1.786 billion and $8.25 diluted earnings per share, but revenue of $9.438 billion missed analyst estimates. AI Illustration. Upload story photo >

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Cummins reported third-quarter 2026 revenue of $9.438 billion, up 13% year over year but below the $9.850 billion analyst estimate. Diluted earnings reached $8.25 per share, matching expectations, while EBITDA hit a record $1.786 billion.

Why it matters

The results show strong demand in power generation for data centers and in engine sales, while weaker North American pickup truck demand led the company to narrow its full-year revenue outlook below Wall Street estimates.

Engine sales rose 20% to $3.13 billion and Components sales rose 23% to $2.86 billion, while Accelera sales fell 15% to $103 million with a $56 million EBITDA loss. Cummins expects fiscal 2026 revenue to grow about 10% and an EBITDA margin near 18.2%.

The players

Cummins Inc.

Cummins is an Indiana-based engine and power-generation manufacturer that supplies diesel engines for trucks and industrial equipment.

The details

Power Systems sales rose 15% to $2.29 billion, driven by demand for power generation equipment used in data centers. Net income climbed to $1.14 billion from $536 million, and the company ended the quarter with $3.571 billion in cash and equivalents.

Third quarter 2026: Cummins reported record EBITDA and earnings per share.
Fiscal 2026: Cummins narrowed its full-year revenue outlook to $37.037 billion.

Roadmap

Cummins' results show power generation tied to U.S. data center buildouts is offsetting softness in North American pickup truck demand. The split highlights how engine makers are shifting exposure away from light-duty trucks toward stationary power.

Buyers of pickup trucks may see continued softness in North American demand that could affect dealer inventory and incentives. Fleet operators relying on diesel engines will track how Cummins' production mix shifts toward power generation.

The takeaway

Strength in data center power equipment is cushioning Cummins against slower pickup truck orders. Watch the company's next quarterly results for signs of whether truck demand stabilizes.