Cummins Q3 Earnings Call Highlights Power Demand and Truck Weakness

Cummins Inc. (CMI) lowered its 2026 revenue growth guidance to 10% from 10-13% due to weaker North American pickup truck demand, though it maintained its EBITDA margin forecast at approximately 18.2%. The company reported strong global data center demand with Power Systems recording $2.3 billion in quarterly revenues and a 25.4% EBITDA margin, with orders extending into late 2028. CMI expects to recover approximately $200 million in delayed shipments in Q4 and plans capacity expansion through 2028.