{
 "ticker": "CMI",
 "name": "Cummins",
 "url": "https://grantbishop.pages.dev/index/CMI",
 "sells": "Cummins makes diesel and natural-gas engines and power generators that keep data centers and other facilities running.",
 "why": "We follow it because its business sits among the companies that build the infrastructure the AI build-out needs.",
 "questions": [
  {
   "slug": "data-centers",
   "question": "Who builds and equips the data centers?",
   "url": "https://grantbishop.pages.dev/index/q/data-centers"
  }
 ],
 "tests": [
  {
   "id": "W-3",
   "claim": "Spare rented computing capacity moves work around; it does not cancel new power and cooling construction, which follows capital spending, not chip scarcity.",
   "url": "https://grantbishop.pages.dev/claims/spare-compute-does-not-stop-power-building"
  },
  {
   "id": "W-2",
   "claim": "The summer sell-offs on beat-and-raise reports are the market paying less for earnings, not the businesses failing. They reverse when the price of money stops rising.",
   "url": "https://grantbishop.pages.dev/claims/market-pays-less-for-earnings"
  }
 ],
 "reports_next": null,
 "latest_disclosed": {
  "form": "10-Q",
  "filed": "2026-08-04",
  "period": "2026-06-30",
  "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617226000029/cmi-20260630.htm"
 },
 "disclosed": [
  {
   "date": "2026-10-22",
   "figure": "$968 million",
   "what": "Cummins Q2 2026 heavy-duty truck revenue",
   "source": "https://investor.cummins.com/news/detail/701/cummins-reports-strong-second-quarter-2026-results-raises"
  },
  {
   "date": "2026-10-22",
   "figure": "$799 million",
   "what": "Cummins Q1 2026 heavy-duty truck revenue",
   "source": "https://investor.cummins.com/news/detail/701/cummins-reports-strong-second-quarter-2026-results-raises"
  },
  {
   "date": "2026-10-22",
   "figure": "10%",
   "what": "Cummins raised full-year revenue growth guidance, low end of range",
   "source": "https://www.sec.gov/Archives/edgar/data/0000026172/000002617226000026/cmi2026q28-kex99.htm"
  },
  {
   "date": "2026-10-22",
   "figure": "13%",
   "what": "Cummins raised full-year revenue growth guidance, high end of range",
   "source": "https://www.sec.gov/Archives/edgar/data/0000026172/000002617226000026/cmi2026q28-kex99.htm"
  },
  {
   "date": "2026-10-22",
   "figure": "6%",
   "what": "Cummins Q2 2026 engine segment sales rise",
   "source": "https://www.sec.gov/Archives/edgar/data/0000026172/000002617226000026/cmi2026q28-kex99.htm"
  },
  {
   "date": "2026-08-04",
   "figure": "4 August",
   "what": "Cummins Q2 2026 results release",
   "source": "https://investor.cummins.com/news/detail/701/cummins-reports-strong-second-quarter-2026-results-raises"
  }
 ],
 "check": "Checked against the company's own business description in its latest annual filing.",
 "log": [
  {
   "date": "2026-10-19",
   "note": "Entry rewritten in plain words: what the company sells, and why we follow it."
  },
  {
   "date": "2026-10-12",
   "note": "Verified against the 10-Q filed 2026-08-04 at launch."
  }
 ],
 "living_report": {
  "report": false,
  "last_revised": null,
  "next_disclosure": null,
  "timeline": [
   {
    "form": "10-Q",
    "filed": "2026-11-05",
    "period": "2026-09-30",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617226000037/cmi-20260930.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-11-05",
    "period": "2026-11-05",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617226000035/cmi-20261105.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2026-08-04",
    "period": "2026-06-30",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617226000029/cmi-20260630.htm",
    "what_it_said": "It reported on 4 August that heavy-duty truck revenue was $968 million in the second quarter, up from $799 million in the first.",
    "from_piece": "https://grantbishop.pages.dev/pieces/diesel-supply-shock"
   },
   {
    "form": "8-K",
    "filed": "2026-08-04",
    "period": "2026-08-04",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617226000026/cmi-20260804.htm",
    "what_it_said": "It reported on 4 August that heavy-duty truck revenue was $968 million in the second quarter, up from $799 million in the first.",
    "from_piece": "https://grantbishop.pages.dev/pieces/diesel-supply-shock"
   },
   {
    "form": "8-K",
    "filed": "2026-05-14",
    "period": "2026-05-12",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617226000018/cmi-20260512.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2026-05-05",
    "period": "2026-03-31",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617226000016/cmi-20260331.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-05-05",
    "period": "2026-05-05",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617226000013/cmi-20260505.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-K",
    "filed": "2026-02-10",
    "period": "2025-12-31",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617226000009/cmi-20251231.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2026-02-05",
    "period": "2026-02-05",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617226000004/cmi-20260205.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "10-Q",
    "filed": "2025-11-06",
    "period": "2025-09-30",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617225000039/cmi-20250930.htm",
    "what_it_said": null,
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   },
   {
    "form": "8-K",
    "filed": "2025-11-06",
    "period": "2025-11-06",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617225000036/cmi-20251106.htm",
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   },
   {
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   {
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    "period": "2025-07-14",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617225000025/cmi-20250714.htm",
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   },
   {
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    "period": "2025-06-02",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000110465925055520/tm2516646d1_8k.htm",
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   },
   {
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    "period": "2025-05-13",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617225000016/cmi-20250513.htm",
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   },
   {
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    "period": "2025-05-09",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000110465925046636/tm2513958d6_8k.htm",
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   },
   {
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    "period": "2025-05-06",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000110465925045241/tm2513958d5_8k.htm",
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   },
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    "period": "2025-05-05",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617225000010/cmi-20250505.htm",
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   },
   {
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    "period": "2025-03-13",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000110465925024810/tm259538d1_8k.htm",
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    "from_piece": null
   },
   {
    "form": "10-K",
    "filed": "2025-02-11",
    "period": "2024-12-31",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617225000007/cmi-20241231.htm",
    "what_it_said": null,
    "from_piece": null
   },
   {
    "form": "8-K",
    "filed": "2025-02-04",
    "period": "2025-02-04",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617225000003/cmi-20250204.htm",
    "what_it_said": null,
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   },
   {
    "form": "10-Q",
    "filed": "2024-11-05",
    "period": "2024-09-30",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617224000046/cmi-20240930.htm",
    "what_it_said": null,
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   },
   {
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    "filed": "2024-11-05",
    "period": "2024-11-05",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617224000043/cmi-20241105.htm",
    "what_it_said": null,
    "from_piece": null
   }
  ],
  "history": []
 },
 "market": {
  "rule": "Each figure is kept only where Massive and Yahoo agree on it to the cent; a figure they do not agree on is null. Dated, not live. The market value and the forward multiple are computed from the close.",
  "last_close": {
   "value": 450.07,
   "currency": "USD",
   "as_of": "2026-11-06",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "day_range": {
   "low": 448.5,
   "high": 459.81,
   "currency": "USD",
   "as_of": "2026-11-06",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "range_52_week": {
   "low": 443.62,
   "low_date": "2026-11-05",
   "high": 737.76,
   "high_date": "2026-06-18",
   "sessions": 251,
   "currency": "USD",
   "as_of": "2026-11-06",
   "providers": [
    "Massive",
    "Yahoo"
   ]
  },
  "market_value": {
   "value": 61694645952,
   "currency": "USD",
   "as_of": "2026-11-06",
   "computed": "the last close times the shares outstanding on the filing cover",
   "shares": {
    "count": 137077890,
    "as_of": "2026-09-30",
    "form": "10-Q",
    "filed": "2026-11-05",
    "url": "https://www.sec.gov/Archives/edgar/data/26172/000002617226000037/"
   }
  },
  "forward_multiple": null,
  "checked_at": "2026-11-10 01:15:40"
 },
 "exhibits": null,
 "mentions": [
  {
   "date": "2026-10-22",
   "slug": "diesel-supply-shock",
   "headline": "Is diesel the fuel the supply shock hits hardest, and has it reached the engine makers yet?",
   "url": "https://grantbishop.pages.dev/pieces/diesel-supply-shock",
   "line": null,
   "idea": {
    "id": "W-1",
    "text": null,
    "url": "https://grantbishop.pages.dev/claims/inflation-from-broken-supply"
   }
  }
 ],
 "note": "Prices on this page are dated market records, shown free during the preview, each confirmed by two independent data providers. None is a recommendation.",
 "license": "Free to cite with a link."
}