Cummins posts record Q2 revenue but misses EPS, stock drops 5.8%

Cummins reported record second-quarter revenue of $9.5 billion but missed earnings expectations, causing its stock to fall 5.76% in after-hours trading to $611.49. Earnings per share came in at $6.73, below the analyst consensus of $7.26, while revenue exceeded the forecast of $9.33 billion. The company raised its full-year revenue growth outlook to 10-13% from 8-11%, citing strong data center demand and improving truck markets in North America and China. The Power Systems segment saw record sales of $2.3 billion, up 19% year-over-year, driven by data center backup power demand. The board approved a 10% dividend increase, marking 20 consecutive years of increases.