Cummins Lowers Sales Outlook on Weak Pickup-Truck Demand
Cummins now expects about 10% revenue growth this year, at the low end of its earlier forecast, as North American pickup demand disappoints.
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what happened
Cummins has narrowed its full-year sales forecast. CEO Jennifer Rumsey said that third-quarter demand for pickup trucks in North America came in weaker than expected and will likely stay soft through year-end. The company now expects revenue growth of around 10%, the low end of its previously issued range. According to Dow Jones Newswires, third-quarter net sales rose 13% to $9.44 billion, but fell short of the $9.87 billion Wall Street had modeled. Profit reached $1.14 billion, up from $536 million a year earlier, while earnings of $8.25 a share were slightly below the $8.28 expected by analysts, per FactSet.
Demand for power-generation equipment remains exceptionally strong, driven by data-center construction, and partly offset the pickup weakness. Engine sales rose 20% to $3.1 billion. Dow Jones reported that shares fell 5.1% to $447.95 in premarket trading, while Market Talk reported a decline of about 1%.
why it matters
The update shows that softness in US pickup demand is weighing on Cummins even as AI-related infrastructure supports other parts of its business. Investors will watch whether power-generation demand stays strong enough to offset weaker truck engine sales.
market impact
Cummins shares: lower sales outlook and a revenue miss pressure the stock
- Cummins shares pressure down — a lowered sales forecast and a revenue miss weigh on investor expectations
tags
instruments
sources
- Cummins Tempers Outlook on Weaker-Than-Expected Pickup-Truck Demand — Dow Jones Newswires, 5 November 2026 at 13:32 UTC
- Cummins Trims Outlook on Weak Pickup-Truck Demand — Market Talk, 5 November 2026 at 15:12 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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