Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. The company offers diesel and natural gas powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers new parts and services, as well as remanufactured parts and engines. It also provides power generation systems, high-horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. In addition, the company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. Additionally, it offers filtration, aftertreatment, controls systems, air handling systems, automated transmissions, and electric power generation systems. The company sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.
IPO Year:
Exchange: NYSE
Website: cummins.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/26/2026 | Outperform → Peer Perform | Wolfe Research | |
| 12/22/2025 | $585.00 | Mkt Perform → Outperform | Raymond James |
| 12/19/2025 | $546.00 | Equal Weight → Overweight | Barclays |
| 11/25/2025 | $500.00 | Sell → Neutral | UBS |
| 11/24/2025 | $628.00 | Hold → Buy | Truist |
| 11/14/2025 | Overweight | Wells Fargo | |
| 9/3/2025 | $500.00 | Hold → Buy | Melius |
| 5/27/2025 | $431.00 | Neutral → Buy | Goldman |
| 4/7/2025 | $240.00 | Buy → Sell | UBS |
| 1/14/2025 | $358.00 | Underperform → Neutral | BofA Securities |
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Cummins is raising its 2030 financial targets as a result of disciplined investment and execution of its strategy, stronger market positions, and rising demand. Cummins is further expanding capacity and product investments to extend and strengthen positioning in mining and power generation markets. Cummins is positioned to win through its global presence, broad portfolio, trusted partnerships and experienced people. Cummins reaffirms strategy, positioning the company for continued profitable growth and shareholder returns. At a meeting with analysts and shareholders today, members of the leadership team of Cummins Inc. (NYSE:CMI), shared the Company's plans to raise its long-te
Jury Awards C3 AI $23.3 Million in Damages C3.ai, Inc. (NYSE:AI), the Enterprise AI application software company, today announced that on May 19, 2026, a jury in the Superior Court of the State of Delaware returned a unanimous verdict in favor of C3 AI in its lawsuit against Cummins Inc. (NYSE:CMI), finding that Cummins misappropriated C3 AI's trade secrets. C3 AI brought the case in November 2023, alleging that its licensee, Columbus, Indiana-based Cummins, misappropriated trade secrets. C3 AI became aware of this scheme when a Cummins employee inadvertently shared internal meeting notes documenting Cummins' plan with C3 AI. C3 AI made repeated attempts to resolve the matter amicably
The Board of Directors of Cummins Inc. (NYSE:CMI) today declared a quarterly common stock cash dividend of 2.00 dollars per share. The dividend is payable on June 4, 2026, to shareholders of record on May 22, 2026. About Cummins Inc. Cummins Inc., a global power leader, is committed to powering a more prosperous world. Since 1919, we have delivered innovative solutions that move people, goods and economies forward. Our five business segments—Engine, Components, Distribution, Power Systems and Accelera™ by Cummins—offer a broad portfolio, including advanced diesel, electric and hybrid powertrains; integrated power generation systems; critical components such as aftertreatment, turbocharg
First-quarter revenues of $8.4 billion; GAAP1 Net Income of $654 million, or 7.8% of sales EBITDA2 in the first quarter was 15.4% of sales; Diluted EPS of $4.71 First-quarter results include $199 million, or $1.44 per diluted share, of charges related to completing the sale of our low-pressure fuel cell business and related customer obligations for this business Full-year revenues are expected to range from up 8% to up 11%, an improvement from prior guidance of up 3% to 8% EBITDA is now expected to be in the range of 17.75% to 18.50%, an increase from previous guidance of 17.0% to 18.0% Cummins Inc. (NYSE:CMI) today reported results for the first quarter of 2026. "Cummins
Cummins Inc., a global power solutions leader, announced its sponsorship of America250, the national nonpartisan organization established by Congress to lead the nation's commemoration of the 250th anniversary of the signing of the Declaration of Independence. Founded in the United States in 1919, Cummins has helped power American progress for more than a century, delivering reliable and innovative solutions that support essential industries, strengthen communities and move people, goods and economies forward. Partnering with America250 reflects Cummins' longstanding belief that national moments of reflection and renewal matter and that business has a role to play in helping shape what
Cummins Inc. (NYSE:CMI) today announced the nationwide expansion of its Forever Rising Tour, a traveling exhibition bringing the company's latest heavy-duty engine platforms directly to customers across the country. Following a successful introduction at the American Trucking Associations' Technology & Maintenance Council (TMC) Annual Meeting, the tour will continue at the Mid-America Trucking Show (MATS) in Louisville, Kentucky, and travel nationwide through May 2026. The Forever Rising Tour features a fleet of five trucks powered by the 2027 X15, X15N and X10, representing a range of vehicle applications and specifications from multiple original equipment manufacturer partners. Throug
Plus, the First 750 Drivers Can Double Their Reward Today, Cummins Inc. (NYSE:CMI) announced a new $500 incentive for owners of eligible RAM 2500 and 3500 model-year 2013–2018 trucks who complete Emissions Recall 67A. Drivers who bring their truck to an authorized Ram dealership for the required software update can receive a $500 prepaid Mastercard once the recall service is completed. For a limited time, the first 750 participants who complete Recall 67A by March 31 will receive double the incentive for a total of $1000. After March 31, the $500 reward will remain available to all eligible participants in the United States. Recall 67A is a simple software update to further reduce tai
The Board of Directors of Cummins Inc. (NYSE:CMI) today declared a quarterly common stock cash dividend of 2.00 dollars per share. The dividend is payable on March 5, 2026, to shareholders of record on February 20, 2026. About Cummins Inc. Cummins Inc., a global power leader, is committed to powering a more prosperous world. Since 1919, we have delivered innovative solutions that move people, goods and economies forward. Our five business segments—Engine, Components, Distribution, Power Systems and Accelera™ by Cummins—offer a broad portfolio, including advanced diesel, electric and hybrid powertrains; integrated power generation systems; critical components such as aftertreatment, turb
Fourth quarter revenues of $8.5 billion; GAAP1 Net Income of $593 million, or 6.9% of sales EBITDA2 in the fourth quarter was 13.5% of sales; Diluted EPS of $4.27 Fourth quarter results include $218 million, or $1.54 per diluted share, of charges related to the Electrolyzer business within Accelera, of which $175 million were non-cash charges Full-year 2025 revenues of $33.7 billion; GAAP Net Income of $2.8 billion, or 8.4% of sales EBITDA for full year 2025 was 16.0% of sales; Diluted EPS of $20.50 Full-year 2025 results include $458 million, or $3.28 per diluted share, of charges related to the Electrolyzer business within Accelera, of which $415 million were non-cash char
Third quarter revenues of $8.3 billion; GAAP1 Net Income of $536 million, or 6.4% of sales EBITDA in the third quarter was 14.3% of sales; Diluted EPS of $3.86 Third quarter results include $240 million, or $1.73 per diluted share, of Accelera non-cash charges Cummins Inc. (NYSE:CMI) today reported results for the third quarter of 2025. "Cummins delivered strong operating results in the third quarter, driven by profitable growth in our Power Systems and Distribution segments, due in part to continued rising demand for backup power for data centers. Effective cost management across the company helped navigate through the anticipated sharp decline in the North American truck market,"
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Wolfe Research downgraded Cummins from Outperform to Peer Perform
Raymond James upgraded Cummins from Mkt Perform to Outperform and set a new price target of $585.00
Barclays upgraded Cummins from Equal Weight to Overweight and set a new price target of $546.00
UBS upgraded Cummins from Sell to Neutral and set a new price target of $500.00
Truist upgraded Cummins from Hold to Buy and set a new price target of $628.00
Wells Fargo initiated coverage of Cummins with a rating of Overweight
Melius upgraded Cummins from Hold to Buy and set a new price target of $500.00
Goldman upgraded Cummins from Neutral to Buy and set a new price target of $431.00
UBS downgraded Cummins from Buy to Sell and set a new price target of $240.00
BofA Securities upgraded Cummins from Underperform to Neutral and set a new price target of $358.00
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Live finance-specific insights
The Board of Directors of Cummins Inc. (NYSE:CMI) today declared a quarterly common stock cash dividend of 2.00 dollars per share. The dividend is payable on June 4, 2026, to shareholders of record on May 22, 2026. About Cummins Inc. Cummins Inc., a global power leader, is committed to powering a more prosperous world. Since 1919, we have delivered innovative solutions that move people, goods and economies forward. Our five business segments—Engine, Components, Distribution, Power Systems and Accelera™ by Cummins—offer a broad portfolio, including advanced diesel, electric and hybrid powertrains; integrated power generation systems; critical components such as aftertreatment, turbocharg
First-quarter revenues of $8.4 billion; GAAP1 Net Income of $654 million, or 7.8% of sales EBITDA2 in the first quarter was 15.4% of sales; Diluted EPS of $4.71 First-quarter results include $199 million, or $1.44 per diluted share, of charges related to completing the sale of our low-pressure fuel cell business and related customer obligations for this business Full-year revenues are expected to range from up 8% to up 11%, an improvement from prior guidance of up 3% to 8% EBITDA is now expected to be in the range of 17.75% to 18.50%, an increase from previous guidance of 17.0% to 18.0% Cummins Inc. (NYSE:CMI) today reported results for the first quarter of 2026. "Cummins
The Board of Directors of Cummins Inc. (NYSE:CMI) today declared a quarterly common stock cash dividend of 2.00 dollars per share. The dividend is payable on March 5, 2026, to shareholders of record on February 20, 2026. About Cummins Inc. Cummins Inc., a global power leader, is committed to powering a more prosperous world. Since 1919, we have delivered innovative solutions that move people, goods and economies forward. Our five business segments—Engine, Components, Distribution, Power Systems and Accelera™ by Cummins—offer a broad portfolio, including advanced diesel, electric and hybrid powertrains; integrated power generation systems; critical components such as aftertreatment, turb
Fourth quarter revenues of $8.5 billion; GAAP1 Net Income of $593 million, or 6.9% of sales EBITDA2 in the fourth quarter was 13.5% of sales; Diluted EPS of $4.27 Fourth quarter results include $218 million, or $1.54 per diluted share, of charges related to the Electrolyzer business within Accelera, of which $175 million were non-cash charges Full-year 2025 revenues of $33.7 billion; GAAP Net Income of $2.8 billion, or 8.4% of sales EBITDA for full year 2025 was 16.0% of sales; Diluted EPS of $20.50 Full-year 2025 results include $458 million, or $3.28 per diluted share, of charges related to the Electrolyzer business within Accelera, of which $415 million were non-cash char
Third quarter revenues of $8.3 billion; GAAP1 Net Income of $536 million, or 6.4% of sales EBITDA in the third quarter was 14.3% of sales; Diluted EPS of $3.86 Third quarter results include $240 million, or $1.73 per diluted share, of Accelera non-cash charges Cummins Inc. (NYSE:CMI) today reported results for the third quarter of 2025. "Cummins delivered strong operating results in the third quarter, driven by profitable growth in our Power Systems and Distribution segments, due in part to continued rising demand for backup power for data centers. Effective cost management across the company helped navigate through the anticipated sharp decline in the North American truck market,"
The Board of Directors of Cummins Inc. (NYSE:CMI) today declared a quarterly common stock cash dividend of 2.00 dollars per share. The dividend is payable on December 4, 2025, to shareholders of record on November 21, 2025. About Cummins Inc. Cummins Inc., a global power leader, is committed to powering a more prosperous world. Since 1919, we have delivered innovative solutions that move people, goods and economies forward. Our five business segments—Engine, Components, Distribution, Power Systems and Accelera™ by Cummins—offer a broad portfolio, including advanced diesel, alternative fuel, electric and hybrid powertrains; integrated power generation systems; critical components such as
Second quarter revenues of $8.6 billion; GAAP1 Net Income of $890 million, or 10.3% of sales EBITDA in the second quarter was 18.4% of sales; Diluted EPS of $6.43 Cummins Inc. (NYSE:CMI) today reported results for the second quarter of 2025. "We delivered strong second quarter results, driven by record profitability in our Power Systems and Distribution segments," said Jennifer Rumsey, Chair and CEO. "Our employees' resilience and commitment continue to power our success in a dynamic environment. We see a contrast across our markets with robust demand for power generation equipment supported by clear secular drivers, and our more economically sensitive markets, such as truck, where
The Board of Directors of Cummins Inc. (NYSE:CMI) today approved an increase in the company's quarterly common stock cash dividend of approximately 10% from 1.82 dollars per share to 2.00 dollars per share. The dividend is payable on September 4, 2025, to shareholders of record on August 22, 2025. Cummins has increased the quarterly common stock dividend to shareholders for 16 consecutive years. About Cummins Inc. Cummins Inc., a global power solutions leader, is comprised of five business segments - Engine, Components, Distribution, Power Systems and Accelera by Cummins - supported by our global manufacturing and extensive service and support network, skilled workforce and vast technol
First quarter revenues of $8.2 billion; GAAP1 Net Income of $824 million, or 10.1% of sales EBITDA in the first quarter was 17.9% of sales; Diluted EPS of $5.96 Cummins Inc. (NYSE:CMI) today reported results for the first quarter of 2025. "The company delivered strong financial results in the first quarter of 2025 led by record performance in our Power Systems Segment," said Jennifer Rumsey, Chair and CEO. "I want to thank our global employees for their commitment to delivering for our customers in an increasingly challenging environment. Due to growing economic uncertainty driven by tariffs we have withdrawn our full year forecast." First quarter revenues of $8.2 billion decreased 3
The Board of Directors of Cummins Inc. (NYSE:CMI) today declared a quarterly common stock cash dividend of one dollar and eighty-two cents ($1.82) per share. The dividend is payable on March 6, 2025, to shareholders of record on February 21, 2025. About Cummins Inc. Cummins Inc., a global power solutions leader, is comprised of five business segments – Engine, Components, Distribution, Power Systems and Accelera by Cummins – supported by our global manufacturing and extensive service and support network, skilled workforce and vast technological expertise. Cummins is committed to its Destination Zero strategy, which is grounded in the company's commitment to sustainability and helping it
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Live Leadership Updates
Cummins Inc. (NYSE:CMI) announced today that John Gaidoo has been appointed as Vice President and Chief Legal Officer, effective June 1. He will succeed Nicole Lamb-Hale following her transition to Chief Administrative Officer and Corporate Secretary. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250409304561/en/John Gaidoo, Cummins Vice President and Chief Legal Officer "Throughout his 14-year tenure at Cummins, John has significantly impacted our company's success, the teams he leads and the communities he supports," said Jennifer Rumsey, Chair and CEO, Cummins Inc. "He has held various legal positions, showcasing his proficie
Cummins Inc. (NYSE:CMI) announced today that Nicole Y. Lamb-Hale has been appointed Chief Administrative Officer and Corporate Secretary, effective June 1. She will succeed Sharon Barner when she retires on May 31. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250402041669/en/Nicole Y. Lamb-Hale, Chief Administrative Officer and Corporate Secretary "Nicole has spent her career mastering the complex fields of corporate and international law, regulatory compliance and trade policy," said Jennifer Rumsey, Chair and CEO, Cummins Inc. "She is a visionary and strategic thinker, and as our Vice President and Chief Legal Officer has lev
Cummins Inc. (NYSE:CMI) announced today that Chief Administrative Officer Sharon Barner will be retiring, effective May 31, following an extraordinary career and 13 years of committed service to Cummins. "Sharon is not only a renowned legal expert and business leader in intellectual property, risk management and environmental and regulatory affairs, she is also a model of courage, integrity and strong leadership," said Jennifer Rumsey, Chair and CEO, Cummins Inc. "She embodies our values, always lifting others up as she climbs, creating nurturing environments where everyone can thrive and passionately advocating in our communities." "A deeply curious and strategic thinker, Sharon's succes
Radwell International ("Radwell," or "the Company"), a leading global industrial operations, automation, and electronics solutions provider, today announced the appointment of Chris Snodgrass as Chief Executive Officer. He will become a member of the company's Board of Directors, effective August 5, 2024. Mr. Snodgrass is a proven global executive with extensive operational and management experience across diverse industrial sectors. Most recently, he served as Senior Vice President of the Building Construction Products division (BCP) and an officer at Caterpillar, Inc. (NYSE:CAT). Prior to BCP, Mr. Snodgrass was Senior Vice President for the Product Support & Logistics division (PSLD), w
The Chemours Company ("Chemours") (NYSE:CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced the appointment of Livingston "Tony" Satterthwaite to its Board of Directors, effective June 12. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240613653963/en/Tony Satterthwaite named to Chemours' Board of Directors (Photo: Business Wire) "I'm pleased to welcome Tony as the newest member of Chemours' Board of Directors," said Dawn Farrell, Chair of the Board of Chemours. "Tony brings extensive leadership and board expe
Cummins Inc. (NYSE:CMI) announced today the appointment of four leaders to the role of vice president, effective March 1 – Ricardo Roman, Michelle Probst, Gbile Adewunmi and Matt McQueen – in addition to Ashwath Ram, who was appointed Vice President in January. "These leaders each demonstrate, in their own unique ways, a commitment to making a positive impact on our company, our customers and our people," said Jennifer Rumsey, Chair and CEO, Cummins Inc. "These leaders are experts in their fields and are fiercely committed to the Cummins culture and ensuring our employees are able to reach their full potential. I am confident that, as we evolve through the energy transition and continue t
Accelera™ by Cummins, the zero-emissions business segment of Cummins Inc. (NYSE:CMI), Daimler Trucks & Buses US Holding LLC [a Daimler Truck Group Company; DAX: DTR0CK; "Daimler Truck"] and PACCAR (NASDAQ:PCAR) have selected Marshall County, Mississippi, as the future site of advanced battery cell manufacturing for their planned joint venture. The joint venture will localize battery cell production for commercial electric vehicles and is expected to create more than 2,000 U.S. manufacturing jobs, with the option for further expansion as demand grows. The 21-gigawatt hour (GWh) factory is expected to begin producing battery cells in 2027. The planned joint venture between Accelera, Daimler
Jim Cramer and Bernardo Calleja to retire in early 2024 FARMINGTON, Conn., Sept. 28, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) announces the appointment of Tracy Embree as President, Otis Americas and Enrique Miñarro Viseras as President, Otis Europe, Middle East and Africa (EMEA), reporting directly to Otis Chair, CEO & President, Judy Marks. Effective Oct. 1, Embree will succeed Jim Cramer and Miñarro Viseras will succeed Bernardo Calleja. Otis is the world's leading company for elevator and escalator manufacturing, installation and service. Embree joins O
HANZHONG, China, Nov. 14, 2022 /PRNewswire/ -- Green Giant Inc. (NASDAQ:GGE) ("GGE" or the "Company"), today announced appointment of Mr. Junaid Ali as CEO of its wholly owned subsidiary Green Giant LLC to spearhead its effort to explore green energy section in the U.S. Mr. Junaid Ali has decades of experience in the development of multi-million dollar energy projects ranging from power utility sector to oil and gas business in four different continents. He started his career with Cummins (NYSE:CMI) as a project engineer and ultimately became a project manager in their power generation business from 2006 to 2011. He then joined APR Energy in 2011 as a senor project manager and moved up to be
Hans-Bernd Veltmaat to retire as Chief Supply Chain Officer Tim Millwood appointed Chief Supply Chain Officer effective August 15, 2022 AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, infrastructure and precision ag technology, announced today that its Board of Directors has appointed Tim Millwood to succeed Hans-Bernd Veltmaat as Senior Vice President and Chief Supply Chain Officer effective August 15, 2022. Mr. Millwood joins AGCO following a more than thirty-year career at Cummins Inc (NYSE:CMI), a global power technology leader, where he most recently served as Vice President, Global Manufacturing. Hans-Bernd Veltmaat ha