Profit expectations are up nearly 50%, but the most accurate estimates have already come in below consensus—there’s little room for error in this Cummins report.
Cummins $CMI will report third-quarter 2026 results before the U.S. market opens on November 5. T-2 preview. The earnings call is at 10:00 a.m. Eastern Time, November 5 at 23:00 Beijing Time:
1. Consensus EPS is about $8.21–$8.38, versus $5.59 in the year-ago quarter, up about 46.9%–49.9% year over year;
2. Consensus revenue is about $9.87–$9.89 billion, versus $8.32 billion in the year-ago quarter, up about 18.7%–18.9% year over year;
3. The most accurate estimates are below consensus. Zacks Earnings ESP is -0.82%, with a Rank of #3. Consensus estimates have been revised down about 0.89% over the past 30 days;
4. Last quarter, EPS was $6.73, below the $7.21 consensus, while revenue was $9.46 billion, above expectations of $9.33 billion. The company has beaten expectations in 7 of the past 8 quarters.
What to watch: This report isn’t just about whether revenue reaches $9.89 billion; it’s about whether the Power Systems segment can turn the data-center demand wave into profits. Last quarter, Power Systems revenue hit a record $2.3 billion, up 19% year over year, but EBITDA margin slipped from 18.4% to 17.5%. Growth is real, but margins are the weak spot. The bullish narrative holds if Cummins beats expectations and maintains its full-year guidance of 10%–13% revenue growth and an 18%–18.5% EBITDA margin. Meeting consensus, but with EBITDA margin failing to hold steady, would count as results coming in as expected. Revenue near the low end of the range or a further decline in EBITDA margin would call for reassessing the outlook with an even thinner margin for error. Don’t chase the first premarket move; wait for the earnings call to break down Power Systems, EBITDA margin, and full-year guidance before making a judgment.
Data as of: 2026-11-02 20:04 UTC
For informational purposes only; not investment advice.
Cummins $CMI will report third-quarter 2026 results before the U.S. market opens on November 5. T-2 preview. The earnings call is at 10:00 a.m. Eastern Time, November 5 at 23:00 Beijing Time:
1. Consensus EPS is about $8.21–$8.38, versus $5.59 in the year-ago quarter, up about 46.9%–49.9% year over year;
2. Consensus revenue is about $9.87–$9.89 billion, versus $8.32 billion in the year-ago quarter, up about 18.7%–18.9% year over year;
3. The most accurate estimates are below consensus. Zacks Earnings ESP is -0.82%, with a Rank of #3. Consensus estimates have been revised down about 0.89% over the past 30 days;
4. Last quarter, EPS was $6.73, below the $7.21 consensus, while revenue was $9.46 billion, above expectations of $9.33 billion. The company has beaten expectations in 7 of the past 8 quarters.
What to watch: This report isn’t just about whether revenue reaches $9.89 billion; it’s about whether the Power Systems segment can turn the data-center demand wave into profits. Last quarter, Power Systems revenue hit a record $2.3 billion, up 19% year over year, but EBITDA margin slipped from 18.4% to 17.5%. Growth is real, but margins are the weak spot. The bullish narrative holds if Cummins beats expectations and maintains its full-year guidance of 10%–13% revenue growth and an 18%–18.5% EBITDA margin. Meeting consensus, but with EBITDA margin failing to hold steady, would count as results coming in as expected. Revenue near the low end of the range or a further decline in EBITDA margin would call for reassessing the outlook with an even thinner margin for error. Don’t chase the first premarket move; wait for the earnings call to break down Power Systems, EBITDA margin, and full-year guidance before making a judgment.
Data as of: 2026-11-02 20:04 UTC
For informational purposes only; not investment advice.
