Cummins Inc. ($CMI) Stock Forecast: Down 6.8% Today

What is Cummins Inc.?

Cummins Inc. (CMI) is a global power leader specializing in the design, manufacture, distribution, and servicing of engines and related technologies, such as fuel systems, controls, air handling, filtration, emission solutions, and electrical power generation systems.

Why is Cummins Inc. going down?

CMI stock is down 6.8% on Feb 5, 2026 17:52

• The bearish movement observed in Cummins Inc. (CMI) stock is influenced by the company's decision to cease new commercial efforts in its electrolyzer division, resulting in a significant charge. This development comes amidst softer markets and a lack of clear prospects for hydrogen production incentives.
• Despite posting strong Q4 results and sales surpassing expectations, the stock saw a decline, possibly due to a mixed reaction from the market towards the results and falling short of GAAP EPS projections.
• Investors are keeping a close watch on whether the robust demand from data-center backup power can counterbalance weaker sales in other segments, as indicated by the company's forecasted revenue growth for 2026.
• The announcement of a proposed class action settlement by The Rosen Law Firm, P.A. has introduced additional uncertainty and negative sentiment surrounding the stock, contributing to the downward trend.

CMI Price Chart

CMI Technical Analysis

CMI News

Cummins stock in focus as it pulls back on electrolyzers and maps 2026 outlook

Cummins Inc. announced it is halting new commercial efforts in its electrolyzer division, incurring a $218 million charge, due to weakening markets and unclear future prospects for hydrogen production incentives. Despite this, the company projects 3% to 8% revenue growth for 2026, driven by strong demand for data-center backup power, which helped its Power Systems and Distribution segments achieve record sales and profitability in 2025. Investors are watching if solid data-center demand can offset softer truck and components sales.

https://ts2.tech/en/cummins-stock-in-focus-as-it-pulls-back-on-electrolyzers-and-maps-2026-outlook/

The Rosen Law Firm, P.A. Reminds Investors of the Proposed Class Action Settlement on Behalf of Purchasers of Cummins Inc. Publicly-Traded Common Stock - CMI

The Rosen Law Firm, P.A. has announced a proposed class action settlement for purchasers of Cummins Inc. (NYSE: CMI) publicly-traded common stock between February 11, 2019, and December 21, 2023. A Settlement Fairness Hearing is scheduled for May 21, 2026, to determine the approval of the $1,600,000.00 settlement, the plan for distribution, and attorneys' fees. Affected investors must submit a Claim Form by April 23, 2026, to share in the recovery or a request for exclusion by the same date if they wish not to be bound by the judgment.

https://www.globenewswire.com/news-release/2026/02/05/3233038/673/en/The-Rosen-Law-Firm-P-A-Reminds-Investors-of-the-Proposed-Class-Action-Settlement-on-Behalf-of-Purchasers-of-Cummins-Inc-Publicly-Traded-Common-Stock-CMI.html

Cummins Earnings Driven by Data-Center Demand. The Stock Is Down.

Cummins reported a strong close to 2025, buoyed by increased demand from AI data centers. While the company anticipates a return to sales growth in 2026, the stock experienced a decline on Thursday despite being up 67% over the past year.

https://www.barrons.com/articles/cummins-earnings-stock-price-e038b959?gaa_at=eafs&gaa_n=AWEtsqen32rFyQobGxpSwKLFmUdF0_uxmCqXzVVgAHfHclrw1NhYgxsbj3KL&gaa_ts=6984a4b3&gaa_sig=MIAcE7wHzHyoL3VHog4di4QCuhQ-iboB_RJa8DOlT4KeJsMPLXT1yQxszw2F7DDsUlGFIEg-IN3njw6NOuDaAA%3D%3D

Cummins (NYSE:CMI) Posts Better-Than-Expected Sales In Q4 CY2025

Cummins (NYSE:CMI) reported better-than-expected revenue in Q4 CY2025, with sales increasing 1.1% year-on-year to $8.54 billion, surpassing analyst estimates. Despite robust sales and record full-year results in its Distribution and Power Systems segments, GAAP EPS missed expectations at $4.27 per share. The company's stock dipped slightly post-announcement, indicating mixed market reaction to the results.

https://finviz.com/news/301181/cummins-nyse-cmi-posts-better-than-expected-sales-in-q4-cy2025

Cummins: Q4 Earnings Snapshot

Cummins Inc. (CMI) reported strong fourth-quarter results, surpassing Wall Street expectations. The company announced a profit of $593 million, or $4.27 per share, with adjusted earnings reaching $5.81 per share. Revenue for the quarter was $8.54 billion, also exceeding forecasts.

https://www.kens5.com/article/syndication/associatedpress/cummins-q4-earnings-snapshot/616-428d4f21-e684-40e8-b3f4-c0bbc07aff35

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Cummins Inc. Price History

05.01.2026 - CMI Stock was down 6.8%

• The bearish movement observed in Cummins Inc. (CMI) stock is influenced by the company's decision to cease new commercial efforts in its electrolyzer division, resulting in a significant charge. This development comes amidst softer markets and a lack of clear prospects for hydrogen production incentives.
• Despite posting strong Q4 results and sales surpassing expectations, the stock saw a decline, possibly due to a mixed reaction from the market towards the results and falling short of GAAP EPS projections.
• Investors are keeping a close watch on whether the robust demand from data-center backup power can counterbalance weaker sales in other segments, as indicated by the company's forecasted revenue growth for 2026.
• The announcement of a proposed class action settlement by The Rosen Law Firm, P.A. has introduced additional uncertainty and negative sentiment surrounding the stock, contributing to the downward trend.

06.10.2025 - CMI Stock was up 10.3%

• Cummins Inc. (CMI) reported strong quarterly earnings, surpassing expectations with $4.81 per share on revenue of $7.97 billion, leading to a positive impact on its stock performance.
• The company has outperformed the market by 2.89% annually over the past decade, boasting a market capitalization of $59.43 billion, influencing investor confidence and contributing to the recent bullish trend in its stock.
• The robust earnings report and the company's strong market performance in the long term have instilled optimism in investors, potentially driving the bullish movement in Cummins' stock.

06.10.2025 - CMI Stock was up 6.4%

• A strong bullish movement was observed in Cummins Inc. (CMI) today, following the release of their third-quarter 2025 results that exceeded expectations, highlighting the company's strength amidst soft truck demand and a robust data center power market.
• The positive earnings report likely boosted investor confidence, resulting in a significant uptick in the stock price.
• Cummins' consistent outperformance of the market by 2.89% annually over the past decade, along with its ability to deliver steady returns, may have contributed to the optimistic sentiment among investors.
• Overall, Cummins' impressive performance, both in terms of financial results and long-term market success, propelled its stock on a bullish trajectory today.

03.03.2025 - CMI Stock was down 6.0%

• Cummins (CMI) stock's recent decline may be attributed to concerns among investors regarding the sustainability of the company's dividend payments amidst challenging market conditions.
• Emphasis on high-growth dividend stocks might have underscored the comparatively slower growth trajectory of Cummins, prompting a sell-off.
• Investors could be reassessing their positions in CMI amid economic uncertainties, exploring opportunities with greater growth potential.
• Shifts in market sentiment toward dividend stocks could reflect a preference for companies offering robust growth opportunities over traditional dividend-paying entities like Cummins.

13.02.2025 - CMI Stock was down 5.3%

• The bearish movement in Cummins (CMI) stock today could be attributed to the following factors:
• Despite being a strong company with a solid track record, investors might be concerned about the overall market conditions, leading to a sell-off of CMI shares.
• There could be specific industry-related factors impacting the stock price, such as changes in demand for engines and power generation products.
• The uncertainty surrounding global economic conditions or trade tensions may have also influenced investor sentiment towards Cummins, causing a bearish trend in the stock price.

09.09.2025 - CMI Stock was down 2.2%

• The bearish movement in Cummins Inc. (CMI) stock today could be attributed to the following factors:
• Cummins underperforming compared to its peers in the auto-tires-trucks sector.
• Potential concerns about the company's financial performance or outlook.
• Negative sentiment impacting the entire sector, dragging down Cummins' stock price.
• Technical factors triggering a sell-off in the stock.

23.03.2025 - CMI Stock was up 5.0%

• Positive investor sentiment regarding Cummins Inc.'s dividend potential may have contributed to a bullish movement in the market.
• Suggestions of Cummins as a strong option for dividends could have drawn the attention of investors seeking stable returns.
• The optimistic view on Cummins' dividend performance likely spurred increased stock demand, consequently driving a bullish trend in the market today.

10.11.2025 - CMI Stock was up 3.8%

• An upward adjustment of Cummins' price target to $580 by Citigroup, coupled with a Buy rating, indicates a positive outlook on the company's future performance, contributing to the bullish movement in the stock.
• State Street Corp, iSAM Funds UK Ltd, Jump Financial LLC, and California Public Employees Retirement System all significantly increasing their stakes in Cummins during the second quarter signals strong institutional confidence in the company's growth prospects and financial health.
• The strong Q2 earnings report by Cummins, which surpassed analyst estimates for both EPS and revenue, likely further fueled investor optimism and contributed to the bullish market movement.
• Overall, the combination of positive analyst ratings, institutional investments, and strong financial performance has likely propelled Cummins' stock to a bullish trajectory today.

05.04.2025 - CMI Stock was up 2.7%

• Strong Q1 earnings were reported by Cummins, surpassing EPS estimates by 23.65% and revenue estimates by 1.33%.
• Despite a slight miss on revenue consensus and the decision not to provide updated guidance due to economic uncertainty, investors were impressed by the company's ability to exceed earnings expectations.
• The positive earnings surprise likely fueled bullish momentum in Cummins' stock, with investors gaining confidence in the company's resilience and performance.
• Market movement may also be linked to investors' optimism regarding Cummins' future prospects, given its robust earnings performance in a challenging economic environment.

05.07.2025 - CMI Stock was up 7.2%

• CMI stock experienced a strong bullish movement today.
• Analysts are optimistic about CMI's Q2 performance, with expectations of outperforming earnings estimates.
• The positive outlook for CMI may be attributed to the anticipation of the company exceeding Q2 earnings estimates despite industry headwinds and weaker sector earnings.
• Investors are likely reacting positively to the news of CMI's potential strong performance in Q2, driving the bullish movement in the stock price.

05.01.2026 - CMI Stock was down 9.2%

• Despite strong fourth-quarter results and exceeding Wall Street expectations, Cummins' stock faced a decline, signaling a mixed market response.
• The Q4 CY2025 sales outperforming predictions, particularly due to increased demand from AI data centers, were offset by a slight decrease in GAAP EPS, contributing to the bearish movement in the stock.
• Cummins' strategic decision to prioritize data center demand over new commercial endeavors in the electrolyzer business demonstrated adaptability, though the market's response may have been adverse considering the impact on full-year results.
• The company's forecast of revenue growth for 2026, expecting a rebound in truck markets alongside sustained data center strength, offers a favorable outlook notwithstanding the current downtrend.

29.09.2025 - CMI Stock was up 5.3%

• Cummins (CMI) is expected to beat earnings estimates, sparking a positive trend in the stock price.
• The upbeat outlook for earnings reflects strong performance and growth potential for the company.
• Investor sentiment is optimistic about Cummins' financial results, driving the stock price higher in anticipation of positive developments.
• The market response indicates investor confidence in Cummins' strategies and market position, prompting increased buying activity and driving the stock price up.