Cummins (CMI) Beats Q4 Revenue Expectations, Sales Up 1.1% to $8.54B

Cummins (NYSE:CMI) topped earnings expectations in Q4 CY2025, reporting sales of $8.54 billion, up 1.1% year-on-year. GAAP EPS reached $4.27, 14.9% above the median estimate, while the stock fell 1.4% to $597.43 in after-hours trading. The company attributed resilience in Distribution and Power Systems to strong data center backup power demand, despite weakness in North American truck markets. Components revenue declined 12.9% YoY over two years, while Engine revenue fell 3.4% YoY. Looking ahead, sell-side analysts forecast 3.2% revenue growth over the next 12 months and 21.4% EPS growth to $20.52, outpacing the 11.3% CAGR in EPS over the past five years. Q4 operating margins were 9.5%, consistent with the prior-year period, with margin expansion and a 2% share count reduction supporting EPS growth. Publication Date: February 5, 2026