Cummins announces Q3 adjusted EPS of $5.59, surpassing consensus estimate of $4.77
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2025
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Q3 Financial Performance: Cummins reported Q3 revenue of $8.317 billion, exceeding the consensus estimate of $7.99 billion, with notable growth in power systems and distribution segments.
Sales Breakdown: Engine sales decreased by 11% to $2.6 billion, components sales fell 15% to $2.3 billion, while distribution sales rose 7% to $3.2 billion and power systems sales increased 18% to $2.0 billion.
Strategic Review: The company is conducting a strategic review of its electrolyzer business within the Accelera segment due to non-cash charges and weaker demand prospects for hydrogen adoption.
CEO's Remarks: Jennifer Rumsey highlighted strong operating results driven by demand for backup power in data centers and effective cost management amid a decline in the North American truck market.
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Analyst Views on CMI
Wall Street analysts forecast CMI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMI is 538.00 USD with a low forecast of 385.00 USD and a high forecast of 653.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
7 Buy
6 Hold
0 Sell
Moderate Buy
Current: 577.860
Low
385.00
Averages
538.00
High
653.00
Current: 577.860
Low
385.00
Averages
538.00
High
653.00
About CMI
Cummins Inc. is a global power solutions company. The Company’s segments are Components, Engine, Distribution, Power Systems, and Accelera. Components segment designs, manufactures, and supplies products which include axles, drivelines, brakes, and suspension systems. Engine segment manufactures and markets a range of diesel and natural gas-powered engines under the Cummins brand name, for on and off-highway markets. Distribution segment includes sale and support of a range of products and services, including power generation systems, high-horsepower engines, heavy and medium duty engines, and others. Power Systems segment is a power provider, which designs, manufactures and sells engines for industrial applications, prime power generator sets, alternators, and others. Accelera segment designs, manufactures, sells, and supports electrified power systems with components and subsystems, including battery, fuel cell and electric powertrain and hydrogen production technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Global Investor Representation: Halper Sadeh LLC represents investors worldwide, focusing on implementing corporate reforms and recovering millions for those affected by securities fraud and corporate misconduct, showcasing their expertise in protecting investor rights.
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