Cummins stock falls 3.97 percent as trading turns lower
Published on 10/07/2026 at 16:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Cummins stock was trading at USD 514.03 on the NYSE at 10:37 a.m. ET on October 7, 2026, down 3.97 percent from the previous close of USD 535.31. The move puts the engine and power-systems manufacturer below its October 6 close while the market weighs valuation, earnings execution and the next results date.
Stock retreats from October high
The intraday range on October 7 was USD 514.01 to USD 526.67, with volume at 162,943 shares at the quoted time. Cummins stock remains 30.3 percent below its 52-week high of USD 737.76 and 28.3 percent above its 52-week low of USD 400.72.
The market capitalization stood at USD 70.9 billion on October 7. That value places the daily decline in a larger valuation context because the stock has moved materially below its yearly peak even as its latest reported quarter showed year-over-year growth.
Revenue grows while EPS misses
In the second quarter of 2026, Cummins reported revenue of USD 9.46 billion, up 9.4 percent from the year-ago quarter. According to MarketBeat on September 23, 2026, quarterly EPS was USD 6.73 against consensus of USD 7.21, a USD 0.48 miss, while revenue exceeded the USD 9.33 billion estimate.
That combination matters for the stock: sales growth was positive, but earnings conversion fell short of expectations. The operating picture therefore depends on whether higher demand in power generation and commercial markets can translate into stronger margins in subsequent quarters.
Analyst targets remain above price
According to Stock Analysis, the consensus rating is Buy, based on 23 analysts, with an average price target of USD 741.26. The target lies 44.2 percent above the USD 514.03 trading price, although the stock's daily decline shows that consensus optimism has not prevented short-term selling pressure.
Cummins designs and manufactures engines, powertrains, generators and electrified systems across its Engine, Distribution, Components, Power Systems and Accelera segments, according to Forbes. The business mix gives investors exposure to both established engine demand and newer power-generation applications.
Results date sets next checkpoint
Cummins is scheduled to report its third-quarter 2026 results before the market opens on November 5, 2026. Until then, the key test is whether the 9.4 percent quarterly revenue increase can support earnings after the USD 0.48 EPS shortfall.
Cummins stock facts
- Company: Cummins Inc.
- ISIN: US2310211063
- Ticker: CMI
- Trading venue: NYSE
- Price (as of October 7, 2026, 10:37 a.m. ET): USD 514.03
- Market capitalization: USD 70.9 billion (as of October 7, 2026)
- 52-week range: USD 400.72-737.76 (as of October 7, 2026)
- Sector / Industry: Industrials / Engineering and manufacturing
- Index membership: S&P 500
