Cummins (CMI) Reports Q4 Revenue Up 10%; Guides 2.5% FY26 Growth

Cummins (CMI) reported fourth-quarter revenue of $20.8B, up 10% year-over-year, driven by strong demand in commercial vehicle and engine systems. Operating income reached $1.69B, a 7% increase from the prior-year period. The company guided for 2.5% growth in full-year 2026 revenue, reflecting continued resilience in core markets and pricing power. Supporting context: The Q4 results reflect higher-than-expected pricing realization and improved utilization of production capacity. Cummins reiterated its guidance of 4.5% to 5.5% operating income growth for 2026, maintaining a positive outlook despite macroeconomic headwinds.