U.S. COMPANY FILING
CUMMINS INC — Form 10-Q filed 2026-05-05
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Cummins reported Q1 2026 net sales of $8.398 billion, up 2.7% YoY, but net income fell 20% to $680 million due to a $199 million charge from selling its low-pressure fuel cell business and settling customer claims. Diluted EPS was $4.71, down from $5.96. The Amplify battery cell JV delayed capacity installation, with uncertain production start. The company repurchased $243 million of stock and paid $276 million in dividends.
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