---
schema_version: "secwatch.filing_event.v1"
accession: "0000026172-23-000013"
form_type: "8-K"
ticker: "CMI"
cik: "0000026172"
company_name: "CUMMINS INC"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:54:31.234767+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cummins reports record Q1 revenue $8.5B, EPS $5.55, raises FY2023 guide

## Summary
- Record Q1 revenue $8.5B (+32% YoY); GAAP net income $790M; diluted EPS $5.55 vs $2.92.
- EBITDA $1.4B (16.1% of sales) vs $755M (11.8%) a year ago.
- 2023 revenue guidance raised to +15-20% (from +12-17%); EBITDA guidance raised to 15.0-15.7% (from 14.5-15.2%).
- Components segment revenue $3.6B (+79% YoY) driven by Meritor acquisition and strong demand.
- Accelera revenue $85M (+174%); EBITDA loss $94M reflecting investments in zero-emission tech.

## SEC filing metadata
- accession: 0000026172-23-000013
- form_type: 8-K
- ticker: CMI
- cik: 0000026172
- company_name: CUMMINS INC
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/26172/000002617223000013/0000026172-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/26172/000002617223000013/cmi-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000026172-23-000013
- JSON: https://secwatch.observer/filing/0000026172-23-000013.json
- Plain text: https://secwatch.observer/filing/0000026172-23-000013.txt

## Key facts
- Earnings Releases
  CUMMINS INC reported the first quarter of 2023 results: revenue $8.5 billion, net income $790 million, EPS $5.55 per diluted share. Guidance raised.
  - Period: the first quarter of 2023
  - Revenue: $8.5 billion
  - Net income: $790 million
  - EPS: $5.55 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: under the Securities Act of 1933 or the Exchange Act. --- EX-99 (EX-99) --- May 2, 2023 Cummins Reports Record First Quarter 2023 Results • Record first quarter revenues of $8.5 billion; Record GAAP 1 Net Income of $790 million • EBITDA in the first quarter was 16.1 percent of sales; Record Diluted EPS of $5.55 • First quarter results include $18 million, or
  evidence_url: https://www.sec.gov/Archives/edgar/data/26172/000002617223000013/0000026172-23-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.