Overview

* Cummins Q3 2025 revenue of $8.3 bln beats analyst expectations despite a 2% decline

* Adjusted EPS for Q3 2025 misses analyst estimates, impacted by Accelera non-cash charges

* Cummins increases quarterly dividend to $2.00 per share, marking 16 consecutive years of growth

Outlook

* Cummins will not provide revenue or profitability guidance for the remainder of 2025

* Company plans to reinstate financial guidance in February 2026

* Cummins cites uncertainty in end markets as reason for withholding guidance

Result Drivers

* POWER SYSTEMS GROWTH - Increased demand for backup power in data centers drove growth in the Power Systems segment

* NORTH AMERICAN TRUCK MARKET DECLINE - Effective cost management helped navigate the sharp decline in the North American truck market

* ACCELERA CHALLENGES - Non-cash charges in the Accelera segment due to policy-driven shifts in hydrogen adoption expectations

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Beat $8.30 $7.97

bln bln (15

Analysts

)

Q3 EPS Miss $3.86 $4.81

(17

Analysts

)

Q3 Net $536 mln

Income

Q3 $1.20

EBITDA bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 13 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

* Wall Street's median 12-month price target for Cummins Inc ( CMI ) is $450.00, about 2.4% above its November 5 closing price of $439.18

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)