Caterpillar Inc. earnings overview

CAT FY2026 Q1 · Calendar Q2 2026

Caterpillar Inc.

Caterpillar's first quarter of fiscal 2026 delivered a double beat, with revenue of $17.4 billion (up 22% YoY) and adjusted EPS of $5.54, both above consensus, driven by surging data-center power demand that lifted the order backlog to a record $63 billion, up 79% year-over-year. Management raised full-year guidance from the prior 5 to 7 percent growth outlook to low double-digit growth with higher margin expectations, signaling confidence that the power-generation cycle has further to run. The stock responded with a roughly 9.9% move on the session.