Cummins Inc. Website

Cummins Inc.

NYSE-CMI

Company Overview

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers new parts and services, as well as remanufactured parts and engines. It also provides power generation systems, high-horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. In addition, the company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. Additionally, it offers filtration, aftertreatment, controls systems, air handling systems, automated transmissions, electric power generation systems, and batteries. The company sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.

  • Name

    Cummins Inc.

  • CEO

    Jennifer W. Rumsey

  • Website

    www.cummins.com

  • Sector

    Machinery

  • Year Founded

    1919

Company Statistics

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Bulls Say

  • Cummins will continue to gain engine market share owing to its superior products and engineering advantages, enhancing returns.

  • The group leverages its core technologies and customer relationships to add diversification and increase scale.

  • The company leads the industry with innovation in alternative powertrain technologies.

Bears Say

  • Trade wars and/or supply chain disruptions could reduce freight demand.

  • Environmental regulations could prove onerous and weigh on returns.

  • The market may be disrupted by innovation in alternative propulsion similar to Tesla/Rivian in passenger vehicles.

Source: Morningstar Analysis - Nov 06, 2025

What's happening

Nov 5, 2025 - Dec 5, 2025

Cummins Inc. Surges 18.5% Amid Strong Earnings and Positive Analyst Sentiment

  • CMI's Q3 earnings report surpassed expectations, reporting an adjusted EPS of $5.59 compared to the anticipated $4.77.
  • Analysts raised price targets for CMI following strong operational results and positive market outlooks in the commercial vehicle sector.
  • Robust Class 8 truck orders and proposed EPA regulations contributed to heightened confidence in Cummins' growth potential.

Over the past month, Cummins Inc. (CMI) experienced a significant upward movement of 18.5%, considerably outperforming the S&P 500's return of 1.3%. This strong performance was driven by several key bullish events that positively influenced investor sentiment and stock valuation.

The month began with anticipation surrounding CMI's Q3 earnings report, which exceeded expectations when announced on November 6. The company reported an adjusted EPS of $5.59 against an expected $4.77, alongside revenues reaching $8.317 billion compared to forecasts of $7.99 billion, leading to a notable price increase shortly after the announcement due to robust operational results in Power Systems and Distribution segments despite challenges in engine sales from market conditions.

Following this earnings boost, analysts responded favorably; multiple firms raised their price targets for CMI throughout November based on optimistic outlooks regarding its future performance within the commercial vehicle sector strategy direction. Notable upgrades included Truist Securities moving from a Hold to a Buy rating with a target hike from $522 to $628 per share and Citi raising its target from $500 to $530 while maintaining a Buy stance.

External factors also bolstered confidence in CMI’s growth potential within heavy-duty markets where it is heavily involved; preliminary data indicated robust Class 8 truck orders for November while proposed new NOx regulations by the Environmental Protection Agency suggested long-term benefits for Cummins’ operations amid increasing environmental standards.

Despite some bearish signals during this period—such as insider selling by executives—these were overshadowed by overwhelmingly positive analyst sentiments and operational achievements that propelled CMI significantly forward over the month compared to broader market indices like the S&P 500 or even its own sector performance metrics.

Cummins Inc outperformed both the Industrials (XLI) sector by 16.9% during this time frame, demonstrating resilience amidst fluctuating market conditions while achieving an overperformance of 17.2% relative to the S&P.

NYSE:CMI