Cummins Q2 2026 earnings: Power Systems lifts revenue and full-year outlook

Cummins’ Q2 2026 revenue rose 9% year over year to $9.46 billion, while net income attributable to the company increased to $932 million and diluted EPS reached $6.73. Non-GAAP EBITDA rose to $1.65 billion, but its margin fell to 17.5% as higher incentive compensation weighed on profitability. Power Systems led segment growth on data center power demand, operating cash flow nearly doubled to $1.50 billion, and Cummins raised its full-year revenue growth outlook to 10%-13% while increasing the lower end of its EBITDA margin guidance.