Cummins (CMI) Research & Development (2009 - 2026)

Cummins has reported Research & Development for 18 years, with the latest figure at $358.0 million in Q1 2026.

• For the quarter ending Q1 2026, Research & Development rose 4.07% year-over-year to $358.0 million; the trailing twelve-month figure through Mar 2026 stood at $1.4 billion (up 30.07% YoY), and the FY2025 full-year result was $1.4 billion, down 4.58% from the prior year.
• Research & Development for Q1 2026 stood at $358.0 million, up from $350.0 million in the prior quarter.
• The five-year high for Research & Development was $390.0 million in Q4 2023, with the low at $2.0 million in Q4 2024.
• Historically, Research & Development has averaged $331.8 million across 5 years, with a median of $350.0 million in 2023.
• Annual changes were most pronounced in 2024 — Research & Development slumped 99.49% — and 2025, when it soared 17400.0%.
• Cummins' Research & Development stood at $333.0 million in 2022, then grew by 17.12% to $390.0 million in 2023, then tumbled by 99.49% to $2.0 million in 2024, then soared by 17400.0% to $350.0 million in 2025, then rose by 2.29% to $358.0 million in 2026.
• The last three Research & Development figures came in at $358.0 million (Q1 2026), $350.0 million (Q4 2025), and $345.0 million (Q3 2025), per Business Quant data.