Cummins Inc

CMI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Cummins Earnings: Unexpected Margin Miss Offsets Accelerating Top Line

George Maglares

Aug 4, 2026

Cummins posted 9% revenue growth to $9.5 billion, but EBITDA margins compressed by 90 basis points to 17.5% due to higher incentive compensation expense in advance of the company’s record performance, surprising investors.

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Cummins Inc

Cummins Earnings: Unexpected Margin Miss Offsets Accelerating Top Line

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