Business Segments · Research and Development Expense
Engine — Research and Development Expense
Cummins Engine — Research and Development Expense increased by 3.1% to $164M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 5.8%, from $155M to $164M. Over 4 years (FY 2021 to FY 2025), Engine — Research and Development Expense shows an upward trend with a 11.8% 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 signals a focus on future growth and innovation, whereas lower spending may indicate a mature product cycle or short-term cost cutting.
Detailed definition
This captures the investment made by the Engine segment into the design, testing, and improvement of engine technologies...
Peer comparison
Industrial manufacturers typically allocate a steady percentage of revenue to R&D to keep pace with environmental and efficiency regulations.
Metric ID:
cmi_segment_engine_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 | $99M | $97M | $111M | $109M | $116M | $140M | $141M | $134M | $148M | $159M | $173M | $154M | $167M | $147M | $148M | $155M | $151M | $159M | $159M | $164M |
| QoQ Change | — | -2.0% | +14.4% | -1.8% | +6.4% | +20.7% | +0.7% | -5.0% | +10.4% | +7.4% | +8.8% | -11.0% | +8.4% | -12.0% | +0.7% | +4.7% | -2.6% | +5.3% | +0.0% | +3.1% |
| YoY Change | — | — | — | — | +17.2% | +44.3% | +27.0% | +22.9% | +27.6% | +13.6% | +22.7% | +14.9% | +12.8% | -7.5% | -14.5% | +0.6% | -9.6% | +8.2% | +7.4% | +5.8% |
Range$97M – $173M
CAGR+11.2%
Avg YoY Growth+12.1%
Median YoY Growth+13.2%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is Cummins's engine — research and development expense?
- Cummins (CMI) reported engine — research and development expense of $164M in Q1 2026.
- How has Cummins's engine — research and development expense changed year-over-year?
- Cummins's engine — research and development expense increased by 5.8% year-over-year, from $155M to $164M.
- What is the long-term trend for Cummins's engine — research and development expense?
- Over 4 years (2021 to 2025), Cummins's engine — research and development expense has grown at a 11.8% compound annual growth rate (CAGR), from $399M to $624M.
- What does engine — research and development expense mean?
- The total spending on developing new engine technologies and improving existing products.