Caterpillar reported record results for the third quarter of 2026, beating analyst estimates for both revenue and earnings. Performance was driven by double-digit growth across all primary segments, with particular strength in power generation and North American construction equipment.
Key Highlights
- Construction Industries revenue rose 18% year-over-year to $7.98 billion, supported by strong equipment demand from end users in North America.
- Power & Energy sales climbed 18% to $8.78 billion, specifically fueled by large reciprocating engines utilized in global data center applications.
- Adjusted operating profit margin expanded to 20.6% from 17.5% in the prior-year period, resulting from higher sales volume and $663 million in favorable price realization.
- The company reported a record order backlog and returned $2.0 billion to shareholders through $1.2 billion in share repurchases and $0.7 billion in dividends.