Cummins reports record Q2 revenue $8.8B, raises FY guidance; EPS $5.26

CUMMINS INC

2024-Q2 EPS reported $19.42 revenue$17,199,000,000

Q2 record revenue $8.8B (+2% YoY); GAAP net income $726M, diluted EPS $5.26 vs $5.05.
FY 2024 guidance raised: revenue down 3%-flat (prior down 2-5%), EBITDA 15.0-15.5% (midpoint up).
Quarterly dividend increased 8.3% to $1.82/share; 15th consecutive annual increase.
Power Systems sales +9% to $1.6B, EBITDA margin 18.9% driven by data center demand.
Accelera sales +31% to $111M but EBITDA loss $117M; JV Amplify Cell Technologies formed with Daimler and PACCAR.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.