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Jun 30
Cummins Q2 2025 Earnings Report
Cummins posted solid results, with net income and profitability increasing despite a modest decline in revenue.
Key Takeaways
Cummins delivered strong earnings in Q2 2025, with increased net income and higher EPS despite a 2% revenue dip. The Power Systems and Distribution segments saw record profitability, while North American truck demand softened.
Net income rose to $890 million from $726 million in Q2 2024.
Revenue declined slightly to $8.6 billion, down 2% YoY.
EPS increased to $6.43 from $5.26 a year earlier.
Power Systems and Distribution segments delivered record profitability.
Cummins
Cummins
Cummins Revenue by Segment
Cummins Revenue by Geographic Location
Revenue by Segment
Engine Revenue
CapyFin.comComponents Revenue
CapyFin.comDistribution Revenue
CapyFin.comPower Systems Revenue
CapyFin.comAccelera Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Cummins did not reinstate full-year guidance due to ongoing macroeconomic and regulatory uncertainty, especially in truck markets.
Positive Outlook
- Strong profitability in Power Systems and Distribution segments
- Stable aftermarket demand for parts and services
- Growth in international markets, especially Europe and China
- Dividend increased from $1.82 to $2.00 per share
- Launch of new 17-liter Centum generator with up to 1MW output
Challenges Ahead
- Sharp decline expected in North America truck build rates
- Reduced demand in on-highway markets in the US and Mexico
- No full-year revenue or profit guidance issued
- Continued regulatory and economic uncertainty
- EBITDA loss in Accelera segment due to lower electrolyzer sales
Revenue & Expenses
Visualization of income flow from segment revenue to net income