Cummins Q3 Preview: Consensus Sees EPS of $8.38 on $9.9 Billion Revenue

Cummins earnings report scheduled for Thursday

Cummins Inc. is slated to release third-quarter 2026 results on Thursday before the opening bell, according to Zacks. The report had not been released as of the supplied reporting published November 3, making the figures an earnings preview rather than reported results.

Consensus points to higher quarterly earnings and revenue

Zacks pegged its consensus estimate for the to-be-reported quarter at $8.38 in earnings per share and $9.9 billion in revenue. The EPS estimate had fallen by 7 cents over the preceding 30 days.

The consensus figures imply year-over-year EPS growth of 50% and quarterly revenue growth of 19% from the year-earlier period.

Data-center power and truck demand underpin expectations

The preview identified rising demand for backup and prime power in data centers as a principal support for Cummins' Distribution and Power Systems segments. It also said management had raised the midpoint of its 2026 North America truck forecasts: heavy-duty units to 240,000-250,000 from 230,000-250,000, and medium-duty units to 130,000-140,000 from 125,000-135,000. Demand was expected to remain healthy through the second half, supporting the Components and Engine segments.

Capital spending and Accelera losses temper the outlook

The preview said Cummins continued to plan elevated capital expenditures for capacity expansion and new product programs. Expected 2026 capital expenditures of $1.35 billion to $1.45 billion were above the $1.2 billion spent in 2025, with about 60% directed to North America.

High capital spending, Accelera losses and weakness in mining were cited as reasons to favor holding Cummins shares rather than buying before the release. Zacks' model did not conclusively predict an earnings beat; the preview reported an Earnings ESP of -0.82% and a Zacks Rank #3.

Full-year consensus assumes continued growth

For full-year 2026, Zacks consensus estimated Cummins revenue at $37.74 billion, up roughly 12% from the prior year, and EPS of $29.62, up 25%. Its 2027 EPS consensus pointed to a 19% increase from the projected 2026 level.

Cummins exceeded earnings estimates in three of the previous four quarters and missed once, with an average surprise of 8.60%, according to the preview.

Follow-up signals

The next verifiable milestone is Cummins' scheduled Thursday release of third-quarter 2026 results before the opening bell. The available reports provide analyst estimates and operating expectations, not actual quarterly results or management commentary from the release.