Cummins Inc. (NYSE:CMI) shares fell more than 8% after the engine manufacturer reported second-quarter 2026 results that featured record revenue but earnings below Wall Street expectations.
While demand remained strong across several end markets and the company raised its full-year outlook, investors focused on the weaker-than-expected profit performance.
Cummins reported adjusted earnings of $6.73 per share, missing the ***** yst consensus estimate of $7.26.
Revenue climbed to a record $9.5 billion, exceeding market expectations of $9.33 billion and representing a 9% increase from the same period last year.
Net income attributable to ***** mins rose to $932 million, or 9.9% of sales, compared with $890 million a year earlier.
#year #reported #expectations #billion
While demand remained strong across several end markets and the company raised its full-year outlook, investors focused on the weaker-than-expected profit performance.
Cummins reported adjusted earnings of $6.73 per share, missing the ***** yst consensus estimate of $7.26.
Revenue climbed to a record $9.5 billion, exceeding market expectations of $9.33 billion and representing a 9% increase from the same period last year.
Net income attributable to ***** mins rose to $932 million, or 9.9% of sales, compared with $890 million a year earlier.
#year #reported #expectations #billion
3 months ago
