CMI at a glance
Cummins (CMI, SEC CIK 26172) filed its latest 10-K annual report on February 10, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on August 4, 2026 and Form 4 insider filings as recently as August 25, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Cummins (CMI) reported revenue of $33.7 billion (down 1.3% from FY2024) and net income of $2.8 billion. Diluted EPS was $20.50.
- As of June 30, 2026, 64 institutional investment managers tracked by SignalX reported holding Cummins (CMI) shares worth $43.1 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Newsome Earl on August 24, 2026 of 698 shares at $572.22 per share.
- In the last 90 days, CMI insiders reported 0 open-market purchases ($0) and 1 open-market sale ($399K) on Form 4, a net sale of $399K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $33.7B
- −1.3% vs prior year
- Insiders · 90 days
- 0 buys · 1 sell
- Net −$399K
- 13F holders
- 64 funds
- $43.1B · +3 vs prior quarter
- Latest 8-K
- Aug 4, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Global power leader providing diesel, electric, hybrid powertrains, power generation, components and zero emissions tech across five segments
- New divestiture: Completed tax-free split-off of 80.5% ownership of Atmus in March 2024, reducing shares by 5.6 million and gaining $1.3B
- Strategic shift: Accelera segment impairment of electrolyzer goodwill and exit from new hydrogen electrolyzer commercial activities due to market deterioration
- Quantitative metric: Distribution segment sales rose to 30% of consolidated net sales in 2025 from 25% in 2023; Power Systems sales increased to 18% in 2025
- Noteworthy fact: $1.9 billion paid in Q2 2024 to settle US regulatory civil claims related to emissions certification primarily for pick-up truck engines
Management Discussion & Analysis
- Revenue $33.67B, down 1% YoY ($432M decrease) driven by lower Engine (-7%) and Components (-13%) sales, partially offset by Power Systems (+16%) and Distribution (+9%)
- Operating margin 11.9% (Operating income $4.03B on $33.67B sales) vs 11.0% (2024), gross margin 25.3% vs 24.7%, SG&A 9.3% vs 9.6%, R&D 4.1% vs 4.3%
- Best performing segment: Power Systems sales up 16% to $7.46B with EBITDA up 44% to $1.69B; Worst performing segment: Components sales down 13% to $10.15B with EBITDA down 12% to $1.40B
- Cash from operations $3.6B up $2.1B YoY; dividend increased 10% to $2.00/share; repaid $500M debt; issued $2.0B senior notes; $3.6B cash and marketable securities on hand
- 2026 risks: ongoing tariff uncertainties, Accelera segment market deterioration with $458M charges in 2025; management continuing mitigation efforts on tariffs and strategic realignment of Accelera investments
Risk Factors
- Cybersecurity regulatory risk from compliance with NIST Cybersecurity Framework as part of enterprise risk management program
- Geopolitical supply chain threat via third-party vendors assessed for cybersecurity risks in vendor data sharing
- Operational vulnerability in product cybersecurity managed by Principal Engineer with 40+ years embedded systems experience
- Competitive market risk from failure to adapt cybersecurity measures to evolving industry threats and standards
- Financial risk mitigated partially by cyber insurance to cover material cybersecurity incident impacts
AI summary of the CMI 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $9,457M, up 9% YoY from $8,643M
- Gross margin 26.1% vs 26.4% YoY
- Best segment Power Systems: sales $2,255M, up 19%; EBITDA $552M, up 28%
- Worst segment Accelera: EBITDA loss $69M vs $100M loss YoY
- Operating cash flow $1,808M for six months vs $782M; $468M share repurchases in first half
Risk Factors
- No material risk-factor changes identified; filing references risks in the 2025 Annual Report without elaboration
- Common-stock repurchase authorization: $1.8 billion remaining under the 2021 program at June 30, 2026
- Repurchase activity: $225 million of common stock acquired during the second quarter of 2026
- Key Employee Stock Investment Plan: participant defaults could trigger unpredictable share repurchases
- Unspecified additional risks: currently unknown or deemed immaterial risks could materially harm results
AI summary of the CMI 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 2026 financial results issued August 4, 2026
- Earnings details contained in furnished Exhibit 99 press release
Item EX-99.1: Item EX-99.1
- Q2 revenues reached a record $9.5B, up 9%, with data-center power and improving North American truck demand driving momentum
- Net income rose to $932M and diluted EPS to $6.73, despite EBITDA margin declining to 17.5% from 18.4%
Item 5.07: Submission of Matters to a Vote of Security Holders
- Shareholders elected all eleven directors for one-year terms ending at the 2027 annual meeting
- Executive compensation received advisory approval, 101,865,982 votes for versus 4,995,353 against
Item EX-99.1: Item EX-99.1
- Q1 revenue $8.4B, up 3%, but net income fell to $654M from $824M, reflecting a $199M fuel-cell charge
- Adjusted EBITDA margin 17.7% excluding the charge, near prior-year 17.9%; reported margin declined to 15.4%
Item 2.02: Results of Operations and Financial Condition
- Q1 2026 results released May 5, 2026, providing the latest operating update for investors
- Detailed financial figures and management commentary contained in Exhibit 99 press release
AI summaries of CMI 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for CMI
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Newsome Earl | Sell | Aug 24, 2026 | 698 | $572.22 |
| Merritt Brett Michael | G | May 19, 2026 | 218 | - |
| JACKSON DONALD G | Sell | May 14, 2026 | 90 | $712.70 |
| JACKSON DONALD G | Sell | May 14, 2026 | 480 | $710.36 |
| JACKSON DONALD G | Sell | May 14, 2026 | 160 | $711.61 |
| Stoner Nathan R | G | May 13, 2026 | 600 | - |
| Fetch Bonnie J | G | May 13, 2026 | 155 | - |
| Belske Gary L | A | May 12, 2026 | 306 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $34.1B | $33.7B |
| Gross Profit | - | $8.4B | $8.5B |
| Operating Income | - | $3.8B | $4.0B |
| Net Income | - | $3.9B | $2.8B |
| Gross Margin | - | 24.7% | 25.3% |
| Op. Margin | - | 11.0% | 12.0% |
| Net Margin | - | 11.6% | 8.4% |
| Balance Sheet | |||
| Total Assets | $32.0B | $31.5B | $34.0B |
| Equity | $8.8B | $10.3B | $12.3B |
| ROE | - | 38.4% | 23.0% |
| Per Share | |||
| EPS | - | $28.37 | $20.50 |
| Cash Flow | |||
| Operating CF | - | $1.5B | $3.6B |
| CapEx | - | $1.2B | $1.2B |
Source: XBRL data in Cummins (CMI)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate CMI share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 64 | $43.12B |
| Q1 2026 | 61 | $31.85B |
| Q4 2025 | 56 | $31.18B |
| Q3 2025 | 58 | $26.43B |
| Q2 2025 | 53 | $19.23B |
| Q1 2025 | 53 | $13.73B |
| Q4 2024 | 48 | $12.55B |
| Q3 2024 | 41 | $5.63B |
- FMR LLC (Fidelity)+657.6K (+12%)
- BNY Mellon+386.1K (+39%)
- Ameriprise Financial+319.8K (+84%)
- AQR Capital Management+295.7K (+31%)
- JPMorgan Chase & Co+264.0K (+40%)
- BlackRock−332.3K (-3%)
- Two Sigma Investments−226.2K (-81%)
- T. Rowe Price Group−161.6K (-41%)
- Dimensional Fund Advisors−157.4K (-11%)
- Millennium Management−144.3K (-34%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 434 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
CMI filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Aug 25, 2026 | - | - | - |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 4 | May 19, 2026 | - | - | |
| 4 | May 14, 2026 | - | - | |
| 4 | May 14, 2026 | - | - | |
| 4 | May 14, 2026 | - | - | |
| 8-K | May 14, 2026 | - | Analysis | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 12, 2026 | - | - | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 11, 2026 | - | - | |
| 4 | May 8, 2026 | - | - | |
| 10-Q | May 5, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 5, 2026 | - | Analysis | - |
| SC 13G | Apr 29, 2026 | - | - |
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CMI SEC filings: frequently asked questions
Are CMI insiders buying or selling?
In the last 90 days, Cummins (CMI) officers, directors and 10% owners reported no open-market purchases and 1 open-market sale worth $399,410 by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold CMI stock?
As of June 30, 2026, the largest Cummins (CMI) holders among the 13F filers tracked by SignalX were BlackRock ($8.2 billion), Vanguard Capital Management LLC ($6.4 billion), Vanguard Portfolio Management LLC ($5.4 billion), State Street Corp ($4.9 billion), FMR LLC (Fidelity) ($4.3 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was CMI's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Cummins (CMI) reported revenue of $33.7 billion (down 1.3% from FY2024) and net income of $2.8 billion. Diluted EPS was $20.50. The figures come from the XBRL data in the 10-K.
What are the main risks in CMI's latest 10-K?
In the 10-K filed February 10, 2026, Cummins (CMI) flagged: Cybersecurity regulatory risk from compliance with NIST Cybersecurity Framework as part of enterprise risk management program. Geopolitical supply chain threat via third-party vendors assessed for cybersecurity risks in vendor data sharing. (AI summary of the Risk Factors section.)
What did CMI report in its latest 8-K?
Cummins (CMI) filed an 8-K on August 4, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 2026 financial results issued August 4, 2026.
What are the latest CMI SEC filings?
Cummins (CMI) filed its latest 10-K annual report on February 10, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on August 4, 2026 and a Form 4 insider filing on August 25, 2026.
What is CMI's SEC CIK number?
Cummins (CMI)'s SEC Central Index Key (CIK) is 26172. EDGAR lists every CMI filing under that number.
Ask anything about CMI
The research agent reads CMI's filings, financials, insider trades and 13F holders, then answers with sources.