Cummins Inc. reported Q3 2025 sales of $8.3 billion, reflecting a 2% year-over-year decline primarily due to lower demand in North American heavy-duty trucks, yet offset by strength in power generation and light-duty markets.

• EBITDA of $1.2 billion (14.3% margin) decreased from $1.4 billion (16.4% margin) a year ago, impacted by $240 million in noncash charges related to the electrolyzer business.
• Significant growth in North American power generation equipment revenue, up 27%, driven by strong data center demand.
• Strong international performance, particularly in China, where total revenues reached $1.7 billion, a 16% increase due to rising demand for medium- and heavy-duty trucks and power generation equipment.
• The company is enhancing its recovery strategy for tariff costs, though overall tariff impacts remain a negative factor year-over-year.
• Highlighted joint development of hybrid powertrains with Komatsu, aiming to accelerate decarbonization in mining operations.