---
schema_version: "secwatch.filing_event.v1"
accession: "0000026172-23-000042"
form_type: "8-K"
ticker: "CMI"
cik: "0000026172"
company_name: "CUMMINS INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:12:19.283179+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cummins Q3 revenue $8.4B (+15%), EPS $4.59, raises FY revenue guidance to +18-21%

## Summary
- Q3 revenues of $8.4B (+15% YoY); GAAP net income $656M ($4.59 diluted EPS) vs $400M ($2.82) a year ago.
- Record Q3 operating cash flow of $1.5B; EBITDA margin 14.6% vs 12.1% prior year.
- Full-year 2023 revenue guidance raised to +18-21% (prior +15-20%); EBITDA guidance narrowed to 15.2-15.4% of sales.
- Quarterly dividend increased 7% to $1.68/share from $1.57; 14th consecutive annual increase.
- Components segment sales up 20% to $3.2B; Accelera revenue doubled to $103M but EBITDA loss of $114M.

## SEC filing metadata
- accession: 0000026172-23-000042
- form_type: 8-K
- ticker: CMI
- cik: 0000026172
- company_name: CUMMINS INC
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/26172/000002617223000042/0000026172-23-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/26172/000002617223000042/cmi-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000026172-23-000042
- JSON: https://secwatch.observer/filing/0000026172-23-000042.json
- Plain text: https://secwatch.observer/filing/0000026172-23-000042.txt

## Key facts
- Earnings Releases
  CUMMINS INC reported the third quarter of 2023 results: revenue $8.4 billion, net income $656 million, EPS $4.59. Guidance raised.
  - Period: the third quarter of 2023
  - Revenue: $8.4 billion
  - Net income: $656 million
  - EPS: $4.59
  - Guidance: raised
  - Result: reported results
  source text: Company under the Securities Act of 1933 or the Exchange Act. --- EX-99 (EX-99) --- November 2, 2023 Cummins Reports Third Quarter 2023 Results • Third quarter revenues of $8.4 billion; GAAP 1 Net Income of $656 million • EBITDA in the third quarter was 14.6 percent of sales; Diluted EPS of $4.59 • Third quarter results include $26 million, or $0.14 per diluted
  evidence_url: https://www.sec.gov/Archives/edgar/data/26172/000002617223000042/0000026172-23-000042-index.htm

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