Cummins rises after power systems division delivers record results, management boosts full-year outlook

Shares of Cummins are higher in early trading on evidence that the 107-year-old engine maker is carving out a role as an AI infrastructure company.

While its headline Q1 results were nothing to write home about, its power systems segment — which makes generators — posted record-breaking performance fueled by data center demand.

Management boosted its full-year sales growth outlook to a range of 8% to 11% (up from 3% to 8%) and said its full-year EBITDA would be up 17.8% to 18.5% (up from 17% to 18%). Analysts had expected growth at the bottom end of this updated range.

“Demand for data center power generation across a range of our products continues to outpace expectations,” said Cummins CEO and Chair Jennifer Rumsey, who added that North American truck markets look to be improving from a “cyclical low.”

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