Cummins Inc. delivered record second-quarter results in 2026, supported by strong demand for data center power systems and improving truck markets in North America. The company has also raised its full-year revenue and EBITDA outlook.
Cummins is strengthening its financial outlook for 2026 after reporting a strong second quarter, with rising demand across several key markets helping the company offset a challenging macroeconomic environment.
The power technology and engine manufacturer generated $9.5 billion in second-quarter revenue, a 9% increase from the same period last year. North American sales rose 8%, while international revenue increased 12%, led by stronger performance in China.
Cummins Raises 2026 Financial Outlook
The strong quarterly performance has prompted Cummins to upgrade its expectations for the full year. The company now forecasts 2026 revenue growth of 10% to 13%, compared with its previous estimate of 8% to 11%.
Cummins also raised its EBITDA outlook to between 18% and 18.5% of sales, compared with the previous range of 17.75% to 18.5%. The company expects the second half of the year to deliver stronger performance than the first six months.
Net income attributable to Cummins reached $932 million, up from $890 million a year earlier. Diluted earnings per share increased to $6.73, while second-quarter EBITDA reached $1.7 billion.
Data Centers Become a Major Growth Driver
One of the strongest themes behind the Cummins Q2 2026 results is the growing demand for power generation equipment from data centers.
Cummins reported a particularly strong performance in its Power Systems business, where sales climbed 19% to $2.3 billion. Segment EBITDA rose to $552 million, with demand from data center markets in the United States, China and Asia-Pacific playing a major role.
The company is also expanding its role in the rapidly growing AI infrastructure market. Cummins recently announced an agreement to supply natural-gas generator sets for a high-performance computing data center in Texas, with deliveries planned between 2026 and 2030.
The development highlights how the rapid expansion of artificial intelligence and data center infrastructure is creating new demand for reliable, scalable power generation solutions.
Power Systems Leads Cummins Growth
Cummins’ five business segments delivered mixed but generally positive results during the quarter.
The Engine segment recorded $3.1 billion in sales, up 6%, while Components revenue increased 7% to $2.9 billion. The Distribution business generated $3.3 billion, representing 9% growth.
The standout performer was Power Systems, with sales rising 19%. Meanwhile, Accelera by Cummins, the company’s zero-emissions technology business, reported a 38% increase in sales to $145 million, although it continued to post an EBITDA loss. Cummins said stronger eMobility demand contributed to the increase.
Truck Market Shows Signs of Recovery
Beyond data center demand, the North American truck market is providing another positive signal for Cummins.
The company pointed to improving truck markets in North America and greater regulatory clarity in U.S. on-highway markets as factors supporting its stronger outlook for the remainder of 2026.
Cummins is also preparing its next generation of heavy-duty powertrains. The company plans a measured production launch of its X10 and X15 engines for Model Year 2027, while retaining selected legacy products during the transition.
Cummins Continues Investing in Electrification
While conventional engines and power generation remain central to Cummins’ business, the company continues to invest in electrification and zero-emissions technologies through Accelera by Cummins.
The division’s second-quarter revenue increased 38%, reflecting stronger demand for eMobility products. Cummins says it is focusing its zero-emissions investments on the technologies and applications with the strongest long-term potential as part of its Destination Zero strategy.
Strong Results Support Higher Shareholder Returns
Cummins also continued its capital-return strategy during the second quarter. The company returned $501 million to shareholders, including $276 million in cash dividends and $225 million in share repurchases.
With record quarterly revenue, stronger demand for power generation and signs of improvement in truck markets, Cummins enters the second half of 2026 with a more optimistic outlook.
The biggest growth opportunity appears to be increasingly tied to data center power demand, particularly as AI infrastructure expands globally. At the same time, the company’s engine, components, distribution and electrification businesses provide a diversified base as Cummins navigates the wider energy transition.
