Business Segments · Research and Development Expense
Components — Research and Development Expense
Cummins Components — Research and Development Expense increased by 39.7% to $81M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.0%, from $75M to $81M. Over 4 years (FY 2021 to FY 2025), Components — Research and Development Expense shows relatively stable performance with a -2.3% CAGR.
Analysis
StatementSegment
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026May 5, 2026
Rolls up toR&D
How to read this metric
Higher spending indicates a focus on future growth and product differentiation, whereas lower spending may signal a focus on short-term margin preservation.
Detailed definition
This captures the investment made by the segment into the design, development, and improvement of products, technologies...
Peer comparison
Standard R&D expenditure for capital-intensive manufacturing firms.
Metric ID:
cmi_segment_components_research_and_development_expenseHistorical 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 | $79M | $78M | $75M | $76M | $73M | $87M | $73M | $91M | $103M | $93M | $100M | $84M | $81M | $85M | $78M | $75M | $77M | $70M | $58M | $81M |
| QoQ Change | — | -1.3% | -3.8% | +1.3% | -3.9% | +19.2% | -16.1% | +24.7% | +13.2% | -9.7% | +7.5% | -16.0% | -3.6% | +4.9% | -8.2% | -3.8% | +2.7% | -9.1% | -17.1% | +39.7% |
| YoY Change | — | — | — | — | -7.6% | +11.5% | -2.7% | +19.7% | +41.1% | +6.9% | +37.0% | -7.7% | -21.4% | -8.6% | -22.0% | -10.7% | -4.9% | -17.6% | -25.6% | +8.0% |
Range$58M – $103M
CAGR+0.5%
Avg YoY Growth-0.3%
Median YoY Growth-6.3%
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Frequently Asked Questions
- What is Cummins's components — research and development expense?
- Cummins (CMI) reported components — research and development expense of $81M in Q1 2026.
- How has Cummins's components — research and development expense changed year-over-year?
- Cummins's components — research and development expense increased by 8.0% year-over-year, from $75M to $81M.
- What is the long-term trend for Cummins's components — research and development expense?
- Over 4 years (2021 to 2025), Cummins's components — research and development expense has grown at a -2.3% compound annual growth rate (CAGR), from $307M to $280M.
- What does components — research and development expense mean?
- The total spending on innovation and product development within the segment.