Cummins (CMI) Q3 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
- $8.25
- Estimate
- $8.28
- Surprise
- -0.4%
- Revenue (period 2026-09-30)
- $9.44B
- Score today
- 5.4/10
Revenue source: xbrl.
How the report landed
Cummins (CMI) missed the $8.28 estimate with adjusted EPS of $8.25 — effectively in line (0.4%).
Coverage in the report window
- Wells Fargo Maintains Overweight on Cummins, Lowers Price Target to $520 — benzinga, 2026-11-06
- Cummins Rides AI Data Center Boom to Record Profits, but Trouble Brews in Pickup Trucks — benzinga, 2026-11-05
Where TrendMatrix's rating stands now
TrendMatrix currently rates CMI Sell at 5.4/10; no pre/post engine snapshot brackets this report.
2 of the last 4 quarters beat the estimate; this quarter's -0.4% surprise compares with a +4.2% four-quarter average.
What supports the rating
- Attractive valuation
- Analyst upside: 39%
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
- $457.73
- Price target
- $637.80
- Stop
- $430.31
- Upside to target
- +39.3%
- Reward-to-risk
- 5.0:1
The stock trades at 18.7× trailing but 12.9× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 29 — a level conventionally read as oversold.
Model outputs from TrendMatrix’s engine as of 2026-11-06 — 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
- $61.90B
- P/E (fwd)
- 12.9
- P/E (ttm)
- 18.7
- 52-week range
- $443.62–$737.76
- Off 52-week high
- 38.0%
- RSI (14)
- 29
- Volume vs avg
- 0.53×
- Score today
- 5.4/10