Discontinued — last reported Q1 '24
Software and electronics (CBU business) — Revenue
Cummins Software and electronics (CBU business) — Revenue decreased by 6.5% to $29.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 45.0%, from $20.00M to $29.00M. Over 2 years (FY 2021 to FY 2023), Software and electronics (CBU business) — Revenue shows a downward trend with a -5.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates successful adoption of digital and electronic integration in heavy-duty equipment, suggesting a growing competitive advantage in vehicle intelligence. A decrease may signal market saturation or a shift in customer preference toward alternative technology providers.
Detailed definition
This metric represents the total revenue generated from the sale of software solutions, electronic control units, and in...
Peer comparison
Peers in the industrial and automotive technology sectors typically report this under 'Digital Solutions,' 'Connected Services,' or 'Electronics' segments, with growth rates often outpacing traditional hardware sales.
cmi_segment_software_and_electronics_cbu_business_revenuesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $29.75M | $29.75M | $29.75M | $27.00M | $25.00M | $20.00M | $12.00M | $20.00M | $29.00M | $26.00M | $31.00M | $29.00M |
| QoQ Change | — | +0.0% | +0.0% | -9.2% | -7.4% | -20.0% | -40.0% | +66.7% | +45.0% | -10.3% | +19.2% | -6.5% |
| YoY Change | — | — | — | — | -16.0% | -32.8% | -59.7% | -25.9% | +16.0% | +30.0% | +158.3% | +45.0% |
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Frequently Asked Questions
- What is Cummins's software and electronics (cbu business) — revenue?
- Cummins (CMI) reported software and electronics (cbu business) — revenue of $29.00M in Q1 2024.
- How has Cummins's software and electronics (cbu business) — revenue changed year-over-year?
- Cummins's software and electronics (cbu business) — revenue increased by 45.0% year-over-year, from $20.00M to $29.00M.
- What is the long-term trend for Cummins's software and electronics (cbu business) — revenue?
- Over 2 years (2021 to 2023), Cummins's software and electronics (cbu business) — revenue has grown at a -5.6% compound annual growth rate (CAGR), from $119.00M to $106.00M.
- What does software and electronics (cbu business) — revenue mean?
- Total revenue generated from the sale of software and electronic control systems for engines and powertrains.