Cummins 2025 Q3 Earnings Mixed Results as Net Income Falls 33.7%

Cummins (CMI) reported fiscal 2025 Q3 earnings on November 6, 2025, . , outperforming its recent performance. The company cited challenges in North American truck demand and non-cash charges but highlighted growth in power generation and international markets.

Revenue

, . , , . In contrast, , . Accelera, the hydrogen and electrification unit, , .

Earnings/Net Income

, , . The results were pressured by $240 million in non-cash charges tied to the electrolyzer business and reduced government incentives for green hydrogen adoption. The EPS decline, coupled with revenue contraction, signals a challenging quarter despite cost management efforts.

Price Action

, , . Post-earnings performance remains volatile, with analysts noting mixed sentiment due to the company’s strategic shifts in hydrogen and truck demand headwinds.

CEO Commentary

, Cummins’ CEO, emphasized the company’s resilience in power generation and international markets despite North American truck demand declines. She highlighted investments in R&D for hybrid powertrains and a new 15-liter engine with emissions benefits. Rumsey expressed cautious optimism about long-term growth drivers, including decarbonization partnerships and data center power demand.

Guidance

Cummins did not provide explicit revenue or profitability guidance for the remainder of 2025, citing uncertainty around hydrogen adoption and U.S. tariff policies. The company expects continued cost discipline but warned of potential margin pressures in the fourth quarter due to higher engineering budgets and product transitions.

Additional News

1. Strategic Collaboration: Cummins announced a partnership with Komatsu to develop hybrid powertrains for mining equipment, aiming to accelerate decarbonization and reduce operational costs.

2. Product Innovation: The company launched a new 15-liter engine, demonstrating strong performance in heavy-duty applications and emissions reduction.

3. Dividend Update, payable on December 4, 2025, .

Cummins’ Q3 results underscore a mixed performance, with strategic investments in hydrogen and electrification offsetting declines in traditional engine markets. Investors remain focused on the company’s ability to navigate industry headwinds while capitalizing on growth in power generation and international demand.