Cummins R&D increased by 2.3% to $358.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.1%, from $344.00M to $358.00M. Over 4 years (FY 2021 to FY 2025), R&D shows an upward trend with a 6.4% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026May 5, 2026
How to read this metric
Higher spending signals a commitment to innovation and future product launches, whereas significant cuts may indicate a shift toward short-term profitability.
Detailed definition
Research and development expenses represent the costs incurred to discover new products, improve existing technologies,...
Peer comparison
Highly comparable across pharmaceutical and medical device peers, where R&D intensity is a key metric for long-term valuation.
Metric ID:
research_and_developmentHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $276.00M | $266.00M | $288.00M | $298.00M | $299.00M | $348.00M | $333.00M | $350.00M | $384.00M | $376.00M | $390.00M | $369.00M | $379.00M | $359.00M | $356.00M | $344.00M | $357.00M | $345.00M | $350.00M | $358.00M |
| QoQ Change | — | -3.6% | +8.3% | +3.5% | +0.3% | +16.4% | -4.3% | +5.1% | +9.7% | -2.1% | +3.7% | -5.4% | +2.7% | -5.3% | -0.8% | -3.4% | +3.8% | -3.4% | +1.4% | +2.3% |
| YoY Change | — | — | — | — | +8.3% | +30.8% | +15.6% | +17.4% | +28.4% | +8.0% | +17.1% | +5.4% | -1.3% | -4.5% | -8.7% | -6.8% | -5.8% | -3.9% | -1.7% | +4.1% |
Range$266.00M – $390.00M
CAGR+5.6%
Avg YoY Growth+6.4%
Median YoY Growth+4.7%
Current Streak2 quarters growth
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Engine | $167.00M | $147.00M | $148.00M | $155.00M | $151.00M | $159.00M | $159.00M | $164.00M |
| Components | $81.00M | $85.00M | $78.00M | $75.00M | $77.00M | $70.00M | $58.00M | $81.00M |
| Power Systems | $63.00M | $57.00M | $56.00M | $57.00M | $69.00M | $62.00M | $65.00M | $66.00M |
| Accelera | $54.00M | $57.00M | $60.00M | $43.00M | $46.00M | $40.00M | $57.00M | $32.00M |
| Distribution | $14.00M | $13.00M | $14.00M | $14.00M | $14.00M | $14.00M | $11.00M | $15.00M |
| Total | $379.00M | $359.00M | $356.00M | $344.00M | $357.00M | $345.00M | $350.00M | $358.00M |
R&D at Other Companies
Frequently Asked Questions
- What is Cummins's r&d?
- Cummins (CMI) reported r&d of $358.00M in Q1 2026.
- How has Cummins's r&d changed year-over-year?
- Cummins's r&d increased by 4.1% year-over-year, from $344.00M to $358.00M.
- What is the long-term trend for Cummins's r&d?
- Over 4 years (2021 to 2025), Cummins's r&d has grown at a 6.4% compound annual growth rate (CAGR), from $1.09B to $1.40B.
- What does r&d mean?
- The money spent on creating new products or improving existing ones to drive future growth.