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Cummins CMI Components — Product Warranty Expense

Other segment segments

Engine
$93M+9.4%
Power Systems
$17M-46.9%
Accelera
$13M+62.5%
Distribution
$7M+16.7%

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FEIMWarranty expense
$204K+223%

Other financials

Income statement

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Revenue$8.4B+2.7%
Gross profit$2.2B+4.1%
Operating income$949.0M-16.3%
Net income$680.0M-20.0%
EPS (diluted)$4.71-21.0%

Balance sheet

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Cash & equivalents$2.6B+70.6%
Total debt$8.0B+25.0%
Total equity$12.4B+13.1%
Total assets$34.4B+5.9%

Cash flow

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Operating cash flow$309.0M+10,400%
CapEx$189.0M+16.7%
Free cash flow$120.0M+173%

Valuation

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Market cap$91.71B+79.6%
Enterprise value$97.13B+69.8%
P/E32.9×+16.3×
P/S2.7×+1.2×

Profitability

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Gross margin25.4%+0.1pp
Operating margin11.3%-0.4pp
Net margin8.2%-0.3pp
FCF margin7.9%+7.9pp

Returns & leverage

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Return on equity23.9%-5.0pp
Debt / equity0.6×+0.1×
Current ratio1.7×+0.4×

Where this comes from

Reported directly by Cummins in its filing.

Tagged under the XBRL concept us-gaap:ProductWarrantyExpense.

The official record: Cummins’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cummins's components — product warranty expense?
Cummins (CMI) reported components — product warranty expense of $27M in Q1 2026.
How has Cummins's components — product warranty expense changed year-over-year?
Cummins's components — product warranty expense increased by 3.8% year-over-year, from $26M to $27M.
What is the long-term trend for Cummins's components — product warranty expense?
Over 3 years (2022 to 2025), Cummins's components — product warranty expense has grown at a 23.3% compound annual growth rate (CAGR), from $64M to $120M.
What does components — product warranty expense mean?
This represents the estimated costs the Components segment expects to incur for repairs, replacements, or service under product warranties. It reflects the quality and reliability of the products manufactured. High expenses may indicate quality control issues, while low expenses suggest robust manufacturing standards.