Cummins (CMI) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $6.73
- Estimate
- $7.17
- Surprise
- -6.1%
- Revenue (period 2026-06-30)
- $9.46B
- Score at report (before → after)
- 4.8 → 5.1/10
Revenue source: xbrl.
How the report landed
Cummins (CMI) missed the $7.17 estimate with adjusted EPS of $6.73 — a clear 6.1% shortfall. TrendMatrix's engine moved from Buy (Wait) (4.8/10) to Hold at 5.1/10 after the report — the engine's score rose despite the miss.
Where TrendMatrix's rating stands now
TrendMatrix currently rates CMI Sell at 5.6/10.
2 of the last 4 quarters beat the estimate; this quarter's -6.1% surprise compares with a -0.5% four-quarter average. Next scheduled report: 2026-11-05.
What supports the rating
- Attractive valuation
- Analyst upside: 35%
What argues against it
- Concentration risk — Geographic: China-based investees
- Concentration risk — Supplier: single-source parts and raw materials
- V7 low-quality RISK_OFF penalty: -0.5 (Q=5.4)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $473.10
- Price target
- $637.80
- Stop
- $456.92
- Upside to target
- +34.8%
- Reward-to-risk
- 4.8:1
The stock trades at 25.6× trailing but 14.4× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 27 — a level conventionally read as oversold.
Model outputs from TrendMatrix’s engine as of 2026-11-04 — shown for context, not personalized investment advice.
CMI at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Specialty Industrial Machinery
- Market cap
- $69.09B
- P/E (fwd)
- 14.4
- P/E (ttm)
- 25.6
- 52-week range
- $426.79–$737.76
- Off 52-week high
- 35.9%
- RSI (14)
- 27
- Volume vs avg
- 1.07×
- Score today
- 5.6/10