Looking into the current session, Cummins Inc. (NYSE:CMI) shares are trading at $575.88, after a 2.08% drop. Over the past month, the stock decreased by 0.51%, but over the past year, it actually went up by 61.78%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. Cummins P/E Ratio Analysis in Relation to Industry PeersThe P/E ratio measures the current share price to the company ...

康明斯First Mode总经理Molly Puga表示："这样的合作对加速矿业脱碳进程至关重要。"据悉，该混 合动力系统采用模块化改装方案，将康明斯QSK60柴油发动机与高功率、可更换电池系统相结合，车辆 满载下坡时可通过再生制动回收能量并储存于车载电池，智能控制系统则能在发动机与电池间实现无缝 切换和功率管理，进而在整个运输周期内优化燃油效率、提升设备可靠性与整车性能。 Caserones矿山地处安第斯山脉，作业海拔超4000米，运输路线坡度大、工况严苛，为验证混合动 力系统在极端环境下的性能及能量回收能力提供了理想场景。项目运行结果显示，该技术在不影响矿山 生产节奏的前提下，能够带来可量化的效率提升。 近日，康明斯商业化混动解决方案首次在伦丁矿业（Lundin Mining）旗下的Caserones铜钼矿投入 使用，这一里程碑项目标志着矿山超大型运输设备在低碳化转型道路上迈出关键一步，也是康明斯完成 First Mode收购一周年之际取得的重要成果。 此次投运的是一台载重300吨的小松（Komatsu）矿用自卸卡车，该车辆采用康明斯First Mode混合 动力解决方案完成改造升级，首次在真实生产工况下 ...

中国市场业务再创新高 日前，康明斯公司发布2025年四季度及全年业绩。2025年康明斯公司全年收入337亿美元，全年净 利润28亿美元，合每股摊薄收益20.5美元。 尽管北美卡车市场持续疲软，康明斯在2025年四季度及全年仍实现强劲运营表现。分销事业部和动 力系统事业部凭借执行效率及数据中心备用电源的强劲需求，全年销售额和盈利能力均创历史新高。四 季度，康明斯针对Accelera事业部电解槽业务计入了相关费用，这是康明斯根据氢能普及预期变化所启 动的战略举措，旨在需求前景减弱的形势下精简运营、降低成本。 康明斯董事长兼首席执行官荣湛宁（Jennifer Rumsey）表示，2025年是康明斯具有里程碑意义的一 年。康明斯在推进关键战略重点方面取得重大进展，并在经济周期中持续提升业务表现。她为员工的卓 越表现感到自豪，他们在持续的不确定性中展现了韧性并实现对客户的承诺。正是凭借严格的成本管 理、多元化的产品矩阵以及高效的执行力，康明斯才能在充满挑战的环境下依然取得强劲业绩。 看好2026年表现 根据当前预测，康明斯预计2026年全年收入将同比增长3%至8%，息税前利润（EBITDA）将占销 售额的17%至18% ...

PresentationAdam SeidenBarclays Bank PLC, Research Division All right. Great. I think we'll get going today for what is day 3 of the Barclays Industrial Select Conference. My name is Adam Seiden. I lead the U.S. machinery and construction effort at Barclays. Glad to meet you. We're pleased to have at this session the folks from Cummins. We got both Jeff as well as Nick and Colin from the IR team is out in the audience as well. So the format of the session here is going to be fireside chat, myself and the fe ...

Summary of Cummins Conference Call Company Overview - **Company**: Cummins - **Event**: Barclays Industrial Select Conference Key Industry Insights - **AI Boom and Data Center Demand**: Cummins views itself as a low-risk way to capitalize on the AI boom, particularly in data center-driven demand. There is strong ongoing visibility of demand through the decade, with no signals of a slowdown in the next five years [4][5][6] - **Power Generation Capacity**: Cummins has doubled its power generation capacity in recent years and plans to continue evaluating investments in capacity and product offerings while being cautious about overbuilding [7][8] Financial and Operational Strategies - **Pricing and Margin Protection**: Cummins employs inflation and pricing adjusters in contracts to protect margins on backlog orders, which are subject to various market conditions [9][10] - **Customer Concentration**: The backlog is concentrated among large hyperscalers, but Cummins serves a diverse range of customers beyond just a few major players [11][13] Competitive Landscape - **Market Competition**: The diesel standby genset market is seeing new entrants, but Cummins has not experienced significant market share shifts. The company believes its established capabilities and investments in supply chain give it a competitive edge [19][21][22] Product Development and Innovation - **Battery Backup Systems**: While battery energy storage systems (BESS) are being evaluated, diesel standby gensets remain a preferred solution for data centers due to their effectiveness and cost [28][29] - **New Product Launches**: The launch of new platforms like X10 and HELM will initially compress margins due to higher costs and warranty accruals, but long-term margins are expected to stabilize [35][38] Regulatory Environment - **EPA Regulations**: Cummins anticipates regulations targeting 35 mg NOx emissions, with a focus on maintaining a competitive warranty structure. The company is preparing for potential regulatory changes that could impact product development and market dynamics [46][48][50] Market Demand and Trends - **Heavy-Duty Truck Cycle**: The company is seeing early signs of recovery in the heavy-duty truck market, with expectations of reaching replacement demand levels of 220-240 thousand units annually. However, pre-buy activity ahead of regulatory changes is expected to be modest [57][60][61] Accelera Business Unit - **Zero-Emissions Portfolio**: Cummins is resizing its Accelera business, focusing on hydrogen and e-mobility. The company is adjusting its strategy in hydrogen due to lower-than-expected demand while maintaining a strong position in battery technologies [63][64][65] Investment Strategy - **Organic vs. Inorganic Investments**: Cummins emphasizes a disciplined approach to balancing organic and M&A investments, focusing on long-term profitable growth and credible investment theses [80][81][85] Audience Sentiment - **Stock Sentiment**: Audience responses indicated a positive bias towards Cummins stock, with a significant portion favoring share repurchases as a use of excess cash [68][74] This summary encapsulates the key points discussed during the conference call, highlighting Cummins' strategic positioning, market dynamics, and future outlook.

Group 1 - The company has made significant investments in a fuel-agnostic engine platform to align with its Destination Zero strategy and prepare for upcoming EPA regulations [1][2] - The company has launched three new engine platforms simultaneously, which is an unprecedented move in its history, indicating a strong commitment to the diesel engine market [2] - The company believes that diesel engines have a long runway and sees an opportunity to deliver effective technology and gain market share in this space [2]

Summary of Cummins (NYSE:CMI) 2026 Conference Call Company Overview - **Company**: Cummins Inc. (NYSE:CMI) - **Date of Conference**: February 18, 2026 - **Key Participants**: Kyle Menges (Citi), Jeff Wiltrout (Corporate Strategy), Nick Arens (Investor Relations) Key Points Industry and Market Position - Cummins is focusing on a **fuel-agnostic engine platform** to align with the **Destination Zero strategy** and prepare for **EPA 2027 regulations** [1][2] - The company has invested heavily in **next-generation engine technology**, launching three new engine platforms simultaneously, which is unprecedented for Cummins [2][3] Electric Vehicle (EV) Strategy - Cummins acknowledges the **growing trend towards zero-emissions technologies**, including battery electric and E-axles, and has made investments in these areas over the last decade [5][6] - The company views **Tesla** as a significant competitor in the heavy-duty truck market but believes that the economic viability of battery electric trucks will depend on regulatory drivers [6][7] - In **China**, there has been a significant push for battery electric trucks, with over **20% adoption** in the heavy-duty truck market, although Cummins is less exposed to this segment [9][10] EPA 2027 Regulations - The **35 milligram NOx standard** is expected to be implemented, with a potential removal of extended warranty requirements to reduce upfront costs for fleets [15][16] - Cummins is confident in its architecture and technology to meet these regulations, although the timeline for launching three platforms is challenging due to supplier and regulatory coordination [16][19] Financial Outlook and Pricing - The average selling price of trucks is expected to increase by about **$10,000**, primarily driven by the powertrain segment [24][25] - The company anticipates that the new engine platforms will provide margin opportunities over the next few years as production stabilizes [26] Research and Development (R&D) - R&D spending has increased by approximately **$150 million annually** for platform investments, with expectations for a tapering off post-launch in 2027 [27][29] Power Generation and Data Centers - Cummins has seen significant growth in the **power generation** and **data center** markets, driven by increased demand for redundant power solutions [31][32] - The company has doubled its capacity to serve this market and is evaluating further investments for growth [34][36] - The order backlog extends through **2027**, with discussions about orders into **2028** [41][42] Competitive Landscape - Cummins maintains a strong competitive position in the data center backup power market due to its established relationships, reputation, and distribution capabilities [62][63] - The company is aware of increasing competition but believes its unique offerings are difficult to replicate [64] Tariff Impacts - Tariffs are impacting margins, particularly in the engine and distribution segments, with an estimated **50 basis points of dilution** in guidance due to tariff surcharges [73][74] - The company is exploring potential rebates related to tariffs, which could improve margins if successful [76][78] Future Guidance and Investor Day - Cummins plans to update its **2030 financial targets** at the upcoming Investor Day, focusing on engine components, power generation, margin profiles, and capital allocation strategies [99][100][101] Additional Insights - The company is actively engaging with customers to secure favorable payment terms and long-term contracts to support investments in capacity [96][98] - There is a strong demand for backup power solutions, with no visible signs of a slowdown in demand expected through the decade [48][50]

Core Viewpoint - Cummins Inc. has demonstrated strong stock performance, significantly outperforming the broader market and its industrial peers, driven by diversified demand in its Power Systems and Distribution segments, and is projected to see revenue growth in 2026 [2][5]. Financial Performance - For the fourth quarter of 2025, Cummins reported revenue of $8.5 billion, reflecting a year-over-year increase of approximately 1%, with adjusted EPS at $5.81, surpassing consensus estimates [6]. - Analysts forecast a 9.6% year-over-year growth in EPS for the fiscal year ending December 2026, projecting it to reach $26.05 on a diluted basis [6]. Stock Performance - Cummins stock has surged 62.7% over the past 52 weeks, significantly outpacing the S&P 500 Index's increase of 11.8% [2]. - Year-to-date, Cummins is up 17.7%, contrasting with a slight decline in the S&P 500 [2]. Analyst Ratings - Among 21 analysts covering Cummins, the consensus rating is a "Moderate Buy," consisting of nine "Strong Buy" ratings, one "Moderate Buy," and 11 "Holds" [7]. - The sentiment has improved from three months ago when the rating was a "Strong Sell" [8]. Price Targets - Raymond James recently raised its price target for Cummins to $675 from $585, maintaining an "Outperform" rating [8]. - The stock has surpassed its mean price target of $582.39, with a Street-high price target of $703 indicating a potential upside of 17% [8].

股票近期走势 经济观察网康明斯(NYSE:CMI)近期公布了除权除息安排，并发布了2025年第四季度及全年业绩，财报 后股价出现显著波动。 康明斯于2026年2月6日发布了2025年第四季度及全年业绩，全年营收337亿美元(同比下降1%)，净利润 28亿美元。财报后股价出现显著波动，市场持续关注其2026年业绩指引(预计营收同比增长3%至8%)及 业务分化情况，如电力系统业务增长与北美市场疲软的影响。 以上内容基于公开资料整理，不构成投资建议。 公司已宣布将于2026年2月20日进行除权除息，每股派息2美元。这一事件可能影响短期交易情绪和股价 波动。 业绩经营情况 ...

Cummins ( CMI ) has been a ‘trading stock’ of sorts as a cyclical company whose fundamentals I really like longer term. In my last article on the name in December, I downgraded theI'm an insurance Case Manager with a deep interest in investing. My investment philosophy is all about buying high quality stocks and great businesses. My favorite businesses are those led by disciplined capital allocators, earn exceptional returns on capital, and can compound their invested capital over long periods of time.Analy ...