$CMI

Investing.com cites Bernstein analysts saying U.S. data center construction could rise from 12 GW in 2026 to 35 GW by 2030, but labor shortages in mechanical, electrical and plumbing trades may cap growth. Bernstein estimates 100 MW projects need about 90 such workers. The article flags overbuild risk for power-equipment suppliers, naming Caterpillar (CAT) and Cummins (CMI), and potential benefits for Eaton, Schneider Electric, Vertiv, Quanta Services, Comfort Systems USA and EMCOR.

Cummins held its Q2 2026 earnings call reporting record revenue of $9.5 billion, up 9% year over year, and net income of $932 million ($6.73 per diluted share). Non-GAAP EBITDA was $1.7 billion. The company raised 2026 revenue guidance to 10% to 13% growth and EBITDA guidance to 18.0% to 18.5%, citing stronger North America and China demand, especially data center backup power.

Cummins Inc. reported higher Q2 2026 revenues and net income versus Q2 2025. Revenues rose 9% to $9.5 billion, with North America up 8% and international up 12% led by China. Net income attributable increased to $932 million from $890 million. The company raised full-year 2026 revenue guidance to up 10% to 13%.

Cummins’ Q2 2026 earnings call covered demand for power generation tied to data centers and plans to expand capacity and natural gas gensets. The company reported record Q2 sales of $9.5B, up 9% y/y, and record EBITDA of $1.7B (17.5% margin). Cummins raised 2026 revenue growth guidance to 10% to 13% and updated truck forecasts.

Cummins reported Q2 2026 revenue of $9.5 billion, up 9% year over year, and net income of $932 million, or $6.73 per diluted share. The company raised full-year revenue growth guidance to 10% to 13% from 8% to 11% and expects EBITDA of 18% to 18.5%. It increased its quarterly dividend to $2.20 and returned $501 million to shareholders, according to Cummins.

Evercore ISI cut its price target on Cummins to $782 from $845 while keeping an Outperform rating, according to the firm. The article also notes a separate DA Davidson adjustment to $750 from $605 with a Buy rating.

Cummins’ Q2 results showed strong revenue growth but margin headwinds, prompting a negative market reaction. Management cited rising power generation demand, including data centers, and noted expanded capacity and a major hyperscaler agreement. CFO Mark Smith said EBITDA rose mainly from higher volumes, JV earnings and pricing, offset by tariffs and higher variable compensation.

Motilal Oswal Financial Services reiterated a Buy on Cummins India and trimmed its target to Rs 6,500 from Rs 6,600, implying about 20% upside from Rs 5,402. For Q1FY27, revenue rose 18% to Rs 34.3 bn, but profit fell 2% to Rs 5.4 bn as margins were hit by higher raw material and freight costs, despite +35% powergen growth driven by data centers.

Cummins said the EPA clarified emissions requirements, allowing its locally made X15N engine to move into market deployment. The EPA rule scales back emissions warranty requirements and removes deratement, with added lead time for useful-life rules. Cummins plans limited 2027 X15 and X10 production in Jan 2027, full production in Q4 2027 and Q3 2027. Cummins raised 2026 revenue guidance to up 10% to 13%.

Cummins India Limited said it notified stock exchanges that Shveta Arya has resigned as Managing Director and as a member of its Board of Directors, according to the company’s filing.