Caterpillar's record second quarter revenue of $20.5B and EPS of $8.17 beat estimates, driven by a 35% surge in Construction sales.

Caterpillar announced record second-quarter 2026 results, with sales and revenues rising 24% year-over-year to $20.5 billion, surpassing the company's previous quarterly high. The company's adjusted profit per share was $8.17, a 73% increase from $4.72 in the same period last year.

Key Highlights

• Revenue growth was driven by a $3.1 billion increase in sales volume and $595 million in favorable price realization.
• The Construction Industries segment was a key driver, with sales surging 35% to $8.3 billion on strong end-user demand, particularly in North America where sales grew 50%.
• The company returned $2.2 billion to shareholders through $1.5 billion in share repurchases and $0.7 billion in dividends during the quarter.