# Who are Cummins's customers? Who does Cummins earn revenue from?
Canonical: https://valuechain.wiki/cummins · Facet: customers · Updated: 2026-10-30T16:04:09.76+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Cummins's confirmed revenue counterparties include 고마쓰, PACCAR (엔진 조달 고객), Republic Services, Inc. plus 9 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 12 revenue edges, backed by 18 dated sources, 7 of them primary filings (as of 2026-10-30).

### 지엔씨에너지 (high)
- metric: procurement value ₩34.8B · FY2025 · GnCenergy purchases of engines from overseas CUMMINS; may differ from Cummins consolidated recognized revenue
- note: GnCenergy disclosed KRW 34.81 billion of FY2025 overseas CUMMINS engine purchases. This buyer-side procurement is neither Cummins consolidated recognized revenue nor data-center-only sales.
- [confirms] Korea Exchange KIND (KO, filing, published 2026-03-18) https://kind.krx.co.kr/external/2026/03/18/001502/20260318006918/11011.htm: "GnCenergy’s supplier table reports KRW 34,810,803 thousand of overseas CUMMINS engine purchases in FY2025."
- [confirms] GnCenergy (KO, ir, accessed 2026-10-24) https://www.gncenergy.co.kr/business/major.php: "GnCenergy lists 18 CUMMINS 3000 kW sets for its Naver Sejong project."

### 하이퍼스케일러·데이터센터 (백업 발전) (high)
- metric: Revenue $2.3B · 2026 Q2 · Power Systems quarterly sales, up 19% year over year
- note: Data-center generation demand drove Power Systems growth. Q2 2026 segment sales rose 19% to $2.3 billion. In August, Cummins was selected to supply BESS for AI-load management at a large U.S. data center. It is the company's largest BESS deployment, but capacity and contract value were not disclosed.
- [confirms] Cummins (KO, ir, published 2026-08-18) https://www.cummins.com/kr-kr/news/press-releases-media-contacts?field_press_resource_category_target_id=51&page=0: "Cummins' Korean newsroom confirms the Power Generation business was selected to supply BESS for a large U.S. data center."
- [confirms] Cummins Investor Relations (EN, ir, published 2026-08-18) https://investor.cummins.com/news/detail/702/cummins-selected-to-supply-battery-energy-storage-systems: "Cummins Power Generation was selected for what the company described as its largest BESS deployment, at a large U.S. data center."
- [confirms] Mirae Asset Securities (KO, research, published 2026-08-05) https://securities.miraeasset.com/bbs/board/message/view.do?categoryId=1800&messageId=2341812: "Power Systems revenue reached $2.3 billion, up 19% year over year, with data-center demand driving growth."
- [confirms] SEC EDGAR (EN, filing, published 2026-08-04) https://www.sec.gov/Archives/edgar/data/26172/000002617226000026/cmi2026q28-kex99.htm: "Power Systems sales were $2.3 billion, up 19%, driven primarily by power-generation demand for data-center markets in the United States, China and Asia Pacific."
- [confirms] Cummins (KO, ir, published 2026-01-01) https://www.cummins.com/kr/ko: "Power Systems +18% on datacenter power demand."
- [confirms] SEC EDGAR (EN, filing, published 2025-10-30) https://www.sec.gov/Archives/edgar/data/0000026172/000002617225000036/cmi2025q38-kex99.htm: "Power Systems revenue $2.0B (+18%) on datacenter demand."

### Whitehaven Coal (high)
- metric: supplier relationship 61 engines · 2023 · Cummins engines installed across 50 Hitachi machines at Whitehaven mines
- note: Whitehaven's 2019 sustainability report directly confirms engine and fuel-optimization work with Hitachi and Cummins across 39 EH5000 trucks at Maules Creek. Cummins' count of 61 engines is a later 2023 site observation. Whitehaven's FY2026 report confirms mine activity but does not disclose a current engine count.
- [mentions] Whitehaven Coal (EN, filing, published 2026-08-19) https://whitehavencoal.com.au/wp-content/uploads/2026/08/Annual-Report-2026.pdf: "Maules Creek delivered ROM coal production of 11.7Mt in FY26, 2% higher than FY25 of 11.5Mt."
- [confirms] Cummins (KO, ir, published 2023-12-18) https://www.cummins.com/kr-kr/case-studies/cummins-repowers-project-slashes-costs-whitehaven-coal: "The Korean Cummins case study reports 61 QSK50 and QSK60 engines operating at Maules Creek."
- [confirms] Cummins (EN, ir, published 2023-12-18) https://www.cummins.com/en-la/news/2023/12/18/whitehaven-slashes-costs-cummins-repowers: "Whitehaven operates 61 Cummins engines in 50 Hitachi machines across two mines and used the repower program to reduce cost and downtime."
- [confirms] Whitehaven Coal (EN, filing, published 2019-12-01) https://whitehavencoal.com.au/wp-content/uploads/2019/12/Whitehaven-Coal-Sustainability-Report-2019.pdf: "Whitehaven reported working with Hitachi and Cummins on its 39-truck EH5000 fleet and on engine-control changes to reduce fuel use."

### 고마쓰 (high)  → /komatsu.md
- note: Sells engines for Komatsu ultra-class mining trucks, including Dual Fuel retrofits.
- [confirms] Komatsu (EN, ir, published 2024-08-27) https://www.komatsu.jp/en/newsroom/2024/20240827: "Cummins builds the ethanol-diesel engines for Komatsu trucks."

### PACCAR (엔진 조달 고객) (high)  → /paccar.md
- note: PACCAR sources engines it does not build from Cummins; a key truck-OEM customer for Cummins on-highway engines.
- [confirms] U.S. SEC (EN, filing, published 2026-02-18) https://www.sec.gov/Archives/edgar/data/75362/000119312526057025/pcar-20251231.htm: "PACCAR purchases engines it does not manufacture from Cummins (PACCAR 10-K)."
- [confirms] SEC EDGAR (EN, filing, published 2026-02-10) https://www.sec.gov/Archives/edgar/data/26172/000002617226000009/cmi-20251231.htm: "Cummins disclosed PACCAR among the leading manufacturers with which it has long-standing relationships."

### 유나이티드 렌탈스 (high)  → /united-rentals.md
- note: Cummins transferred its mobile rental generator assets to United Rentals in 2017, enabling United Rentals to expand its Power & HVAC fleet, although the acquisition value was not disclosed.
- [confirms] United Rentals (EN, ir, published 2017-08-22) https://www.unitedrentals.com/our-company/press-room/press-releases/detail/united-rentals-expands-power-hvac-fleet-acquisition-portable-power-assets: "United Rentals has acquired power equipment assets, primarily mobile rental generator sets, from Cummins Inc."

### Circe Energy (high)
- note: Agreement to supply HSK78 and QSK60 natural-gas generator sets for Circe Energy’s Texas HPC prime-power microgrid, with deliveries scheduled for 2026-2030. Contract value was not disclosed.
- [confirms] Mirae Asset Securities (KO, research, published 2026-08-05) https://securities.miraeasset.com/bbs/board/message/view.do?categoryId=1800&messageId=2341812: "Mirae Asset Securities confirms the Circe Energy contract for QSK60 and HSK78 generators and a Texas HPC microgrid."
- [confirms] SEC EDGAR (EN, filing, published 2026-08-04) https://www.sec.gov/Archives/edgar/data/26172/000002617226000026/cmi2026q28-kex99.htm: "Deliveries are scheduled from 2026 through 2030 and will include Cummins’ HSK78 and QSK60 generator set platforms."
- [confirms] Cummins (EN, ir, published 2026-06-16) https://www.cummins.com/en-na/news/releases/2026/06/16/cummins-natural-gas-generators-power-large-scale-data-centers-west-texas: "Deliveries are scheduled from 2026 through 2030 and will include Cummins’ HSK78 (C2000N6CD) and QSK60 (C1400N6) generator set platforms."

### 리퍼블릭 서비스 (mid)  → /republic-services.md
- metric: Count 226 vehicles · 2010 fleet deployment · Republic Services natural-gas vehicles deployed with Cummins Westport engines
- note: Cummins supplied Cummins Westport engines for the 226 natural-gas collection vehicles that Republic Services deployed to western U.S. operations in 2010, although the engine purchase value was not disclosed.
- [confirms] Republic Services (EN, ir, published 2010-03-31) https://investor.republicservices.com/news-releases/news-release-details/republic-services-refuse-and-recycling-fleet-gets-greener: "Vehicle chassis are built by Autocar and the engines by Cummins Westport."

### 히타치건설기계 (mid)  → /hitachi-construction-machinery.md
- metric: supplier relationship 61 engines · 2023 · Cummins engines in Hitachi equipment at Whitehaven mines
- note: Cummins high-horsepower engines are documented in Hitachi equipment at Whitehaven. The 61 engines were observed at Maules Creek in 2023; direct sales volume or value to Hitachi Construction Machinery were not disclosed.
- [confirms] Cummins (KO, ir, published 2023-12-18) https://www.cummins.com/kr-kr/case-studies/cummins-repowers-project-slashes-costs-whitehaven-coal: "Cummins’ Korean case study reports 61 engines powering Hitachi equipment at Maules Creek and a five-truck EH3500 repower; it does not disclose Hitachi Construction Machinery’s direct engine purchases."
- [confirms] Cummins (EN, ir, published 2023-12-18) https://www.cummins.com/en-la/news/2023/12/18/whitehaven-slashes-costs-cummins-repowers: "Whitehaven operated 61 Cummins engines across 50 Hitachi machines."

### 산업·운송 (엔진·발전) (mid)
- note: Engines and power for industrial and transport.
- [confirms] SEC EDGAR (EN, filing, published 2025-10-30) https://www.sec.gov/Archives/edgar/data/0000026172/000002617225000036/cmi2025q38-kex99.htm: "Engine and distribution businesses."

### 마이크로소프트 (mid)  → /microsoft.md
- note: Supplies backup gensets to Microsoft's AI datacenters — essential infrastructure guarding large compute against outages, so Microsoft's datacenter buildout pace directly drives Cummins Power Systems demand.
- [confirms] Cummins (KO, ir, published 2026-01-01) https://www.cummins.com/kr/ko: "Backup gensets to Microsoft datacenters."

### 아마존 (mid)  → /amazon.md
- note: Supplies backup gensets to AWS datacenters — with Cummins and Caterpillar oligopolizing hyperscale backup power, Amazon is a flagship demand source.
- [confirms] Cummins (KO, ir, published 2026-01-01) https://www.cummins.com/kr/ko: "Backup gensets to AWS datacenters."

### 웨이스트 매니지먼트 (mid)  → /waste-management.md
- note: Cummins supplies X15N, L9N, and ISX12N engines for WM's natural-gas fleet and reported that WM saw positive operating results after adding these engines, but the purchase value was not disclosed.
- [confirms] Cummins Inc. (EN, ir, published 2025-10-24) https://www.cummins.com/en-na/news/2025/10/24/natural-gas-lineup-gives-fleets-more-options-cut-costs: "The company reports positive results after adding the X15N alongside the L9N and ISX12N engines."

Reverse side: https://valuechain.wiki/cummins/suppliers.md · Ripple: https://valuechain.wiki/cummins/ripple.md

---
Full node: https://valuechain.wiki/cummins.md · JSON: https://valuechain.wiki/cummins.json