CMI

General Motors Company GM is slated to release second-quarter 2026 results on July 21, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings per share (EPS) and revenues is pegged at $3.13 and $45.96 billion, respectively.For the second quarter, the consensus estimate for General Motors’ earnings has moved up 2 cents over the past seven days. Its bottom-line estimates imply growth of 2.37% from the year-ago reported numbers. The Zacks Consensus Estimate for GM's quarterly revenues implies a year-over-year decline of 2.5%. The company's earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 20.25%. This is depicted in the graph below: General Motors Company price-eps-surprise | General Motors Company Quote In the first quarter of 2026, General Motors reported adjusted earnings of $3.70 per share, which rose 33% from $2.78 a year ago. The figure topped the Zacks Consensus Estimate of $2.61 by 41.8%. Revenues of $43.62 billion slipped 0.9% year over year and missed the consensus mark of $43.94 billion by 0.7%. General Motors’ China restructuring continues to show traction, with first-quarter 2026 China equity income reported at $165 million (its sixth quarterly gain), reflecting restructuring benefits and disciplined production and inventory management. It expects China to remain profitable in 2026. The automaker is building a larger recurring revenue base from OnStar and Super Cruise. In first-quarter 2026, recognized digital revenues exceeded $750 million, up more than 20% year over year, and deferred revenues reached $5.8 billion, up more than 50%. Management expects recognized digital revenues of about $3.1 billion in 2026 and deferred revenues approaching $7.5 billion by year-end as subscribers rise to roughly 13 million. Restructuring benefits in China and strong revenues from the software and services business are likely to have enhanced the performance of GM in the second quarter. In the second quarter of 2026, General Motors’ brands Cadillac, Buick, Chevrolet and GMC recorded a year-over-year decline of 19.2%, 7.5%, 3.9% and 0.3%, respectively.Let’s have a look at our estimates for GM’s segmental performance.We expect GM North America (GMNA) revenues to be $37.8 billion, suggesting a year-over-year decline of 4.3%. For GM International (GMI), we expect sales of $3.75 billion...

QuantumScape Company QS is slated to release second-quarter 2026 results on July 22, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s loss per share is pegged at 18 cents.For the second quarter, the consensus estimate for QuantumScape’s loss has widened by a penny over the past 90 days. Its bottom-line estimates imply a growth of 10% from the year-ago reported numbers. The company's earnings beat estimates in one of the trailing four quarters, matched twice and missed once, delivering an average surprise of 1.22%. This is depicted in the graph below: QuantumScape Corporation price-eps-surprise | QuantumScape Corporation Quote In the first quarter of 2026, QuantumScape reported a loss of 16 cents per share, narrower than the Zacks Consensus Estimate of a loss of 18 cents. It delivered an earnings surprise of 11.1%. The quarter also showed improving year-over-year performance, with loss per share narrowing from 21 cents in the year-ago period. QuantumScape remains pre-revenue and does not provide GAAP revenue guidance, so near-term monetization can be volatile. The company’s customer billings metric is non-GAAP and can swing with activity. PowerCo’s project contributions are tied to technical milestones, and the company reported no such payments in the first quarter. This structure could lead to periods of limited recognized revenue despite ongoing activity, reducing financial clarity and increasing short-term earnings unpredictability.The company reiterated full-year 2026 adjusted EBITDA loss guidance of $250-$275 million, indicating that meaningful profitability remains distant. In the first quarter of 2026, GAAP net loss was $100.8 million, reflecting continued spending to ramp the pilot line and advance product development. Even with customer billings, the accounting treatment and timing of partner payments may not align with the expense run-rate. Until higher-volume shipments and licensing economics begin to scale, losses are likely to persist.Limited revenue visibility and expected EBITDA losses are likely to weigh on the company’s second-quarter results. Our proven model does not conclusively predict an earnings beat for QuantumScape for the quarter to be reported, as it does not have the right combination of the two key ingredients. A positive Earnings ESP, combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (H...

Columbus, Indiana-based Cummins Inc. (CMI) is a global power solutions company that designs, manufactures, and services engines, power generation systems, and related technologies for commercial, industrial, and transportation applications. Valued at $91.7 billion by market cap, the company serves customers in more than 190 countries through a broad network of distributors and dealers. The global power solutions leader is expected to announce its fiscal second-quarter earnings for 2026 on Tuesday, Aug. 4. Ahead of the event, analysts expect CMI to report a profit of $7.34 per share on a diluted basis, up 14.2% from $6.43 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. Elon Musk Dubs Him ‘Scam Altman’ Not Sam — Then Altman Clapped Back: ‘Homeboy You’re The One Selling Space Datacenters’ Oracle Stock Crashes to a 52-Week Low. Here’s Why It Might Be Time to Buy. Short Seller Hunterbrook Attacked Bloom Energy’s Supply-Chain Claims. BE Stock Is Bruised, But Not Broken. Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For the current year, analysts expect CMI to report EPS of $29.35, up 23.4% from $23.78 in fiscal 2025. Its EPS is expected to rise 15.9% year over year to $34.01 in fiscal 2027. CMI stock has considerably outperformed the S&P 500 Index’s ($SPX) 20.3% gains over the past 52 weeks, with shares up 98.6% during this period. Likewise, it notably outperformed the State Street Industrial Select Sector SPDR ETF’s (XLI) 19.5% gains over the same time frame. Cummins shares fell 3.8% on Jul. 9, after Iran's missile attacks near the Strait of Hormuz drove oil prices higher and reignited inflation concerns, triggering a broad selloff in industrial stocks. Higher fuel costs and rising Treasury yields, following a more hawkish Federal Reserve outlook, weighed on rate-sensitive industrial companies by increasing operating and financing costs. Analysts’ consensus opinion on CMI stock is reasonably bullish, with a “Moderate Buy” rating overall. Out of 20 analysts covering the stock, 11 advise a “Strong Buy” rating, one suggests a “Moderate Buy,” and eight give a “Hold.” Its mean price target of $742.11 implies an upswing potential of 9.9% from the c...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Cummins (CMI). This company, which is in the Zacks Automotive - Internal Combustion Engines industry, shows potential for another earnings beat. This engine maker has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 10.78%. For the last reported quarter, Cummins came out with earnings of $6.15 per share versus the Zacks Consensus Estimate of $5.6 per share, representing a surprise of 9.82%. For the previous quarter, the company was expected to post earnings of $5.2 per share and it actually produced earnings of $5.81 per share, delivering a surprise of 11.73%. With this earnings history in mind, recent estimates have been moving higher for Cummins. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Cummins currently has an Earnings ESP of +0.43%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on August 4, 2026. When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negativ...

COLUMBUS, Ind., July 13, 2026--(BUSINESS WIRE)--The Board of Directors of Cummins Inc. (NYSE: CMI) approved on July 12, 2026 an increase in the company’s quarterly common stock cash dividend of 10% from 2.00 dollars per share to 2.20 dollars per share. The dividend is payable on September 3, 2026, to shareholders of record on August 21, 2026. Cummins has increased the quarterly common stock dividend to shareholders for 17 consecutive years. About Cummins Inc. Cummins Inc., a global power leader, is committed to powering a more prosperous world. Since 1919, we have delivered innovative solutions that move people, goods and economies forward. Our five business segments—Engine, Components, Distribution, Power Systems and Accelera™ by Cummins—offer a broad portfolio, including advanced diesel, electric and hybrid powertrains; integrated power generation systems; critical components such as aftertreatment, turbochargers, fuel systems, controls, transmissions, axles and brakes; and zero-emissions technologies like battery and electric powertrain systems. With a global footprint, deep technical expertise and an extensive service network, we deliver dependable, cutting-edge solutions tailored to our customers’ needs, supporting them through the energy transition with our Destination Zero strategy. We create value for customers, investors and employees and strengthen communities through our corporate responsibility global priorities: education, equity and environment. Headquartered in Columbus, Indiana, Cummins employs approximately 67,400 people worldwide and earned $2.8 billion on $33.7 billion in sales in 2025. Learn more at www.cummins.com. Forward-looking disclosure statement Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: any adverse consequences resulting from entering into agre...

Investors often consider consistent earnings growth to be the hallmark of a financially sound company. However, an even more powerful indicator is earnings acceleration, which can be a key driver for stock price gains. Research shows that many of the market’s top-performing stocks demonstrate earnings acceleration before their share prices start to climb upward. To that end, Costco Wholesale Corporation COST, Cummins Inc. CMI and Kennametal Inc. KMT are showing strong earnings acceleration. Earnings acceleration refers to the incremental growth in a company’s earnings per share (EPS). Put simply, if a company’s quarter-over-quarter earnings growth rate increases over a given period, it can be called earnings acceleration. In the case of earnings growth, you pay for something that is already reflected in the stock price. However, earnings acceleration helps identify stocks that haven’t yet caught investors’ attention and, once secured, will invariably lead to a rally in share price. This is because earnings acceleration considers both the direction and magnitude of growth rates. An increasing percentage of earnings growth means that the company is fundamentally sound and has been on the right track for a considerable period. Meanwhile, a sideways percentage of earnings growth indicates a period of consolidation or slowdown, while a decelerating percentage of earnings growth may drag prices down. Look at stocks for which the last two quarter-over-quarter percentage EPS growth rates exceed the previous periods’ growth rates. The projected EPS growth rate for the upcoming quarter is expected to exceed that of prior periods. EPS % Projected Growth (Q1)/(Q0) greater than EPS % Growth (Q0)/(Q-1): The projected growth rate for the current quarter (Q1) over the completed quarter (Q0) has to be greater than the growth rate from the completed quarter (Q0) over one quarter ago (Q-1). EPS % Growth (Q0)/(Q-1) greater than EPS % Growth (Q-1)/(Q-2): The growth rate for the completed quarter (Q0) over one quarter ago (Q-1) has to be greater than the growth rate from one quarter ago (Q-1) over two quarters ago (Q-2). EPS % Growth (Q-1)/(Q-2) greater than EPS % Growth (Q-2)/(Q-3): The growth rate from one quarter ago (Q-1) over two quarters ago (Q-2) has to be greater than the growth rate from two quarters ago (Q-2) over three quarters ago (Q-3). In addition to this, we have a...

A month has gone by since the last earnings report for Cummins (CMI). Shares have lost about 4.7% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Cummins due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts. Cummins delivered adjusted earnings of $6.15 per share in the first quarter of 2026, up 3.2% year over year and 9.8% above the Zacks Consensus Estimate. Revenues of $8.40 billion rose 2.7% from the year-ago quarter and topped the consensus mark by 0.9%.The quarter reflected solid execution in key end markets, highlighted by an adjusted EBITDA margin of 17.7% of sales. Strength in power generation, particularly for data center-related demand, stood out as a meaningful contributor to results. CMI’s Engine segment posted sales of $2.67 billion, down 4% year over year amid the decline in lower medium-duty and heavy-duty truck demand in the United States, which more than offset stronger construction-related demand in China.Profitability in the segment was pressured as well. Segment EBITDA was $279 million (down from $458 million in the first quarter of 2025) and the margin declined to 10.4% (compared with 16.5% in the year-ago quarter), reflecting lower volumes and higher compensation costs. Cummins’ Components segment generated $2.53 billion of sales, a 5% decline from the prior-year period. The drop was tied primarily to softer heavy- and medium-duty demand in North America, while international demand improved in markets such as China and Brazil.Segment EBITDA totaled $337 million, translating to a 13.3% margin, down from $382 million or 14.3% of sales. Lower volumes weighed on the margin performance versus the year-ago quarter. CMI’s Distribution segment was a bright spot, with sales rising 7% year over year to $3.12 billion. Growth was driven by increased demand for power generation products, with particularly strong momentum tied to data center applications.Segment EBITDA increased to $444 million, and the margin expanded to 14.2% from 12.9% of sales. Higher volumes more than offset cost pressures, including higher compensation expense, supporting improved profitability. Cummins’ Power Systems segment delivered the sha...

Experienced investors often look for companies with consistent earnings growth as a marker of solid profitability. However, an even more compelling indicator is earnings acceleration, which can be a key driver for stock price gains. Studies have found that many top-performing stocks exhibit earnings acceleration before their share prices start to move northward. To that end, Cummins Inc. CMI, Atkore Inc. ATKR and Legacy Housing Corporation LEGH are showing strong earnings acceleration. Earnings acceleration refers to the incremental growth in a company’s earnings per share (EPS). Put simply, if a company’s quarter-over-quarter earnings growth rate increases over a given period, it can be called earnings acceleration. In the case of earnings growth, you pay for something that is already reflected in the stock price. However, earnings acceleration helps identify stocks that haven’t yet caught investors’ attention and, once secured, will invariably lead to a rally in share price. This is because earnings acceleration considers both the direction and magnitude of growth rates. An increasing percentage of earnings growth means that the company is fundamentally sound and has been on the right track for a considerable period. Meanwhile, a sideways percentage of earnings growth indicates a period of consolidation or slowdown, while a decelerating percentage of earnings growth may drag prices down. Look at stocks for which the last two quarter-over-quarter percentage EPS growth rates exceed the previous periods’ growth rates. The projected EPS growth rate for the upcoming quarter is expected to exceed that of prior periods. EPS % Projected Growth (Q1)/(Q0) greater than EPS % Growth (Q0)/(Q-1): The projected growth rate for the current quarter (Q1) over the completed quarter (Q0) has to be greater than the growth rate from the completed quarter (Q0) over one quarter ago (Q-1). EPS % Growth (Q0)/(Q-1) greater than EPS % Growth (Q-1)/(Q-2): The growth rate for the completed quarter (Q0) over one quarter ago (Q-1) has to be greater than the growth rate from one quarter ago (Q-1) over two quarters ago (Q-2). EPS % Growth (Q-1)/(Q-2) greater than EPS % Growth (Q-2)/(Q-3): The growth rate from one quarter ago (Q-1) over two quarters ago (Q-2) has to be greater than the growth rate from two quarters ago (Q-2) over three quarters ago (Q-3). In addition to this, we have added...

Cummins delivered a positive first quarter, as reflected by a 2.2% post-earnings stock move, with management attributing the results to strong power generation demand—especially from data centers—and solid growth in international markets. CEO Jennifer Rumsey highlighted, “Growth was driven primarily by higher demand in power generation markets, particularly from data centers.” However, North American heavy- and medium-duty truck volumes were a notable drag, offsetting some gains. Is now the time to buy CMI? Find out in our full research report (it’s free). Revenue: $8.40 billion vs analyst estimates of $8.32 billion (2.7% year-on-year growth, 0.9% beat) Adjusted EPS: $6.15 vs analyst estimates of $5.63 (9.3% beat) Adjusted EBITDA: $1.49 billion vs analyst estimates of $1.45 billion (17.7% margin, 3% beat) Operating Margin: 11.3%, down from 13.9% in the same quarter last year Market Capitalization: $96.96 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Angel Castillo (Morgan Stanley) asked about one-time cost benefits in Power Systems and expected margin cadence; CFO Mark Smith pointed to normal seasonality and strong first-half demand, with less margin variation expected later in the year. Kyle Menges (Citigroup) pressed for details on EPA 2027 engine launches and fuel efficiency benefits; CEO Jennifer Rumsey confirmed performance improvements and explained the delayed B platform, emphasizing ongoing collaboration with regulators. Jerry Revich (Wells Fargo Securities) questioned lead times and incremental margins in Power Systems and Engines; Rumsey and Smith highlighted recent capacity expansions and confidence in further margin growth as investment peaks subside. David Raso (Evercore ISI) queried why Distribution and Components margins would be lower relative to other segments; Smith cited mix shifts and tougher year-over-year comparisons due to prior pricing actions. Timothy Thein (Raymond James) inquired about the financial impact and compliance strategies for the delayed B Series engine and profit dynamics in China; Rumsey and Smith outlined plans to manage regulatory risk and underscored China’s data c...

Shareholders appeared unconcerned with Cummins Inc.'s (NYSE:CMI) lackluster earnings report last week. We did some digging, and we believe the earnings are stronger than they seem. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Importantly, our data indicates that Cummins' profit was reduced by US$454m, due to unusual items, over the last year. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And, after all, that's exactly what the accounting terminology implies. If Cummins doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Because unusual items detracted from Cummins' earnings over the last year, you could argue that we can expect an improved result in the current quarter. Based on this observation, we consider it likely that Cummins' statutory profit actually understates its earnings potential! And on top of that, its earnings per share have grown at 8.4% per year over the last three years. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. If you want to do dive deeper into Cummins, you'd also look into what risks it is currently facing. Case in point: We've spotted 1 warning sign for Cummins you should be aware of. Today we've zoomed in on a single data point to better understand the nature of Cummins' profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article...

Cummins Inc. reported past first-quarter 2026 results with sales of US$8,398 million, net income of US$654 million, and diluted earnings per share from continuing operations of US$4.71, compared with the prior year’s higher profitability. Despite lower quarterly earnings, Cummins raised its full-year 2026 revenue guidance to growth of 8%–11%, citing stronger demand in North America on-highway markets and data center-related power generation. We’ll now examine how Cummins’ upgraded full-year revenue outlook and resilient power generation demand affect its existing investment narrative. Invest in the nuclear renaissance through our list of 91 elite nuclear energy infrastructure plays powering the global AI revolution. To own Cummins today, you need to believe its traditional engine and component businesses can weather truck-cycle weakness while power generation, especially data center demand, helps support results. The raised 2026 revenue outlook suggests that, for now, resilient power markets are offsetting softer North American truck volumes, but persistent weakness in heavy and medium-duty demand remains the key short term risk to watch. Overall, this earnings update does not fundamentally change that near term risk/reward balance. The most relevant development is Cummins lifting its 2026 revenue guidance to 8%–11% growth, driven by stronger North America on-highway and power generation demand. This connects directly to the core catalyst that data center-led power systems and a sizeable backlog can help support revenue and margins even as truck orders stay subdued, buying management time to execute on product launches like EPA-compliant platforms and efficiency efforts in businesses such as Accelera. But despite that stronger outlook, investors should still pay attention to how prolonged weakness in North American truck demand could... Read the full narrative on Cummins (it's free!) Cummins' narrative projects $42.0 billion revenue and $4.8 billion earnings by 2029. This requires 7.6% yearly revenue growth and a $2.0 billion earnings increase from $2.8 billion today. Uncover how Cummins' forecasts yield a $643.36 fair value, a 8% downside to its current price. Before this report, the most optimistic analysts were banking on around US$40 billion of revenue and US$3.6 billion of earnings by 2028, which is a much rosier view than the truck-cycle and Accelera r...

COLUMBUS, Ind., May 12, 2026--(BUSINESS WIRE)--The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 2.00 dollars per share. The dividend is payable on June 4, 2026, to shareholders of record on May 22, 2026. About Cummins Inc. Cummins Inc., a global power leader, is committed to powering a more prosperous world. Since 1919, we have delivered innovative solutions that move people, goods and economies forward. Our five business segments—Engine, Components, Distribution, Power Systems and Accelera™ by Cummins—offer a broad portfolio, including advanced diesel, electric and hybrid powertrains; integrated power generation systems; critical components such as aftertreatment, turbochargers, fuel systems, controls, transmissions, axles and brakes; and zero-emissions technologies like battery and electric powertrain systems. With a global footprint, deep technical expertise and an extensive service network, we deliver dependable, cutting-edge solutions tailored to our customers’ needs, supporting them through the energy transition with our Destination Zero strategy. We create value for customers, investors and employees and strengthen communities through our corporate responsibility global priorities: education, equity and environment. Headquartered in Columbus, Indiana, Cummins employs approximately 67,400 people worldwide and earned $2.8 billion on $33.7 billion in sales in 2025. Learn more at www.cummins.com. Forward-looking disclosure statement Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our forecasts, guidance, preliminary results, expectations, hopes, beliefs and intentions on strategies regarding the future. These forward-looking statements include, without limitation, statements relating to our plans and expectations for our revenues and EBITDA. Our actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to: any adverse consequences resulting from entering into agreements with the U.S. Environmental Protection Agency, California Air Resources Board, the Environmental and Natural Resources Division of the U.S. Department of Justice and the Calif...