Power Systems Sets the Pace for Cummins in First Quarter with a 19-Percent Jump

Cummins Power Systems segment posted $2.0 billion in sales in the first quarter of 2026, a 19-percent increase compared to the first quarter of 2024. Revenues in North America increased 19 percent and international sales increased 18 percent, with increased power generation demand, particularly for data center markets in North America, China and Asia Pacific.

Segment EBITDA was $577 million or 29.5 percent of sales, compared to $389 million, or 23.6 percent of sales.

The company overall posted first quarter 2026 revenues of $8.4 billion, a 3 percent increase compared to Q125. Sales in North America decreased 6 percent, while international revenues increased 16 percent, primarily because of stronger demand in China. 

“Cummins delivered strong results in the first quarter, led by record performance in our Power Systems segment,” said Jennifer Sumsey, chair and CEO of Cummins. “Our teams executed with discipline to meet continued strong demand for data center backup power and North America truck markets began to improve from a cyclical low. We also recorded charges related to the sale of our low-pressure fuel cell business, reflecting lower hydrogen adoption expectations and our continued commitment to focusing investments and reducing losses within the Accelera segment.”

Based on its current forecast, Cummins is raising its full-year 2026 revenue guidance to increase in the range of 8 percent to 11 percent, because of stronger demand across several markets, particularly North America on-highway and power generation. EBITDA is expected to be in the range of 17.75 percent to 18.50 percent, up from Cummins’ previous guidance of 17 to 18 percent.

“We raised our 2026 outlook for revenue and profitability as demand strengthens across several key markets,” said Rumsey. “We see North America on-highway markets improving, while demand for data center power generation across a range of our products continues to outpace expectations. Through the remainder of 2026, we are well-positioned to deliver strong financial performance, invest in future growth and return cash to shareholders.”

Other segments

The Engine Segment reported sales of $2.7 billion, a 4-percent year-over-year decrease. Revenues in North America decreased 12 percent and international sales increased 22 percent to lower medium-duty and heavy-duty truck demand in the United States and stronger construction demand in China.

The Components section posted $2.5 billion in sales, a 5-percent decrease. Revenues in North America decreased 13 percent and international sales increased 6 percent primarily because of lower medium-duty and heavy-duty truck demand in the United States and stronger demand in China and Brazil.

The Distribution Segment posted $3.1 billion in sales, a 7-percent jump. Revenues in North America increased 3 percent and international sales increased 18 percent, driven by increased demand for power generation products, particularly for data center applications.

Cummins’ Accelera Segment dropped 2 percent to $101 million.