Cummins Q3 net income falls to $536 million on $240 million Accelera non-cash charges
Cummins reported third-quarter 2025 revenue of $8.3 billion, down 2% from a year earlier, and net income attributable to Cummins of $536 million, or $3.86 per diluted share, versus $809 million, or $5.86 per share, in 2024. The results include $240 million of non-cash charges in its Accelera electrolyzer business, and the company will not give a revenue or profit outlook for the rest of 2025, which lowers visibility for shareholders until it reinstates guidance in February.
Key points
- Q3 revenue of $8.3 billion, down 2%; Engine segment sales down 11% and Distribution sales up 7%
- Accelera charges of $240 million, or $1.73 per diluted share, including a $210 million goodwill impairment and a $30 million inventory write-down
- No outlook for revenue or profitability for the rest of 2025; guidance to return in February with the 2026 outlook
- Quarterly dividend raised from $1.82 to $2.00 per share
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.