Caterpillar Inc. · CAT · Next earnings

Caterpillar Inc. reports Thursday, Feb 4, 2027

CAT reports before market open with consensus EPS at $6.64 and revenue at $20.83B. Last quarter: Caterpillar maintains outlook as backlog reaches $78 billion

Reports Before market open91 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $6.64 Calendar consensus
Consensus revenue $20.83B Calendar consensus
Report date Feb 4, 2027 Thursday, date estimated
Session Before market open 91 days away

Where CAT left off: FY2026 Q3

Full report

Caterpillar maintains outlook as backlog reaches $78 billion

EPS surprise +2.0% Reported $7.20 vs $7.06
Revenue surprise -0.4% Reported $20.68B vs $20.76B
Stock move -9.3% Event window
Subsequent drift 0.0% Up to 20 sessions

Management maintained its full-year outlook for mid- to high-teens revenue growth, with margin near the bottom of its target range.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Freight, material and tariff costs may pressure manufacturing expense.
  • Dealer inventory drawdown could create a fourth-quarter sales headwind.
  • Capacity ramp-up challenges may affect large mining trucks and engine production.

Questions analysts left open

  • How quickly margins improve as new capacity scales.
  • Whether dealer inventory and destocking weigh on fourth-quarter sales.
  • Whether backlog growth and order composition remain durable beyond 2028–2030.

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Recent CAT quarters

All CAT earnings
-9.3%FY2026 Q3+5.6%FY2026 Q2+9.9%FY2026 Q1+3.4%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.