Cummins Inc. announced it is raising its long-term financial targets for 2030 and increasing investments in large-engine capacity and product development. The announcement was made during a meeting with analysts and shareholders where leadership detailed plans for growth, margin expansion and capital allocation.
Jennifer Rumsey, chair and CEO of Cummins, stated the company has maintained record performance over the last two years despite shifting market conditions. The updated 2030 targets reflect the company's strategy to leverage its portfolio of power solutions and global distribution network.
Segment Growth and Capacity
The company’s Engine Business is expected to see profitable growth driven by new product content, customer wins and an expanding aftermarket. Brett Merritt, Engine Business President, confirmed that the necessary investment to support this growth is currently in place.
In the Power Systems segment, Cummins is focusing on operational transformation and expanded capacity to meet rising demand for reliable power. Jenny Bush, Power Systems Business president, noted the segment is scaling through disciplined investment, deep vertical integration and expansion into prime power solutions.
Financial Outlook
Mark Smith, chief financial officer, summarized the company’s outlook for margin expansion and capital allocation. Smith indicated that Cummins is raising expectations for revenue growth and margin expansion across multiple businesses and regions. The company continues to focus on delivering a top-quartile return on invested capital.
The company reported $2.8 billion in earnings on $33.7 billion in sales for 2025. Cummins operates five business segments: Engine, Components, Distribution, Power Systems and Accelera by Cummins. These segments produce a range of products including advanced diesel, electric and hybrid powertrains, as well as zero-emissions technologies like battery and electric powertrain systems.
