Cummins posts record Q3 EBITDA as data-centre power generation demand stays strong
Revenue rose 13% to $9.4bn and diluted EPS was $8.25; Power Systems sales rose 15% to $2.3bn on data-centre markets, while full-year revenue growth guidance was trimmed to about 10% on weak pickup-truck demand.
Why it matters
Cummins is another industrial name showing that AI demand shows up first as power gear, not only as chips. Record EBITDA and a 15% jump in Power Systems sales underline how generator and BESS orders track hyperscale buildouts in the US, China and Asia Pacific. Management still cut full-year revenue growth guidance to about 10% because North American pickup demand is weak, so the AI power boom is not lifting every segment. The August BESS award for a large US data-centre project is the concrete AI-adjacent backlog to watch next.
Key facts
- Q3 revenue $9.4bn, +13%
- Diluted EPS $8.25
- Power Systems sales $2.3bn, +15%
- FY revenue growth guided ~10%
- BESS win for large US data-centre project in August