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๐Ÿ“Š View earnings presentation
๐Ÿ“„ Source: Benzinga transcript
โšก Q/Q Change Highlights
  • Sales & revenues $20.5B, +24% YoY (Q1 2026: $17.4B, +22%) โ€” first-ever $20B+ quarter; +18% QoQ
  • EPS $8.17 (Q1 2026: $5.54 adj) โ€” strong sequential step-up across all three segments
  • Backlog at record levels again (was $63B, +79% YoY at Q1); growth broad-based across Construction, Resource, Energy & Transportation
  • Demand breadth (incl. AI/data-center power) continued to compound from the Q1 capacity-expansion setup (large recips 2x โ†’ 3x)

๐ŸŽ™๏ธ CAT โ€” Aug 04, 2026

๐Ÿ“„ Original Transcript

Caterpillar (CAT) Q2 2026 Earnings Call โ€” August 4, 2026

Source: Benzinga transcript

OPERATOR: Good morning, ladies and gentlemen, and welcome to Caterpillar's 2Q 2026 Results Conference Call. All lines have been placed in a listen-only mode. After the speakers' remarks, there will be a question-and-answer session.

Joe Creed, Group President: Thank you for joining us. With me today are Kyle Epley, our Group President; and Stephanie Phillipps, our Senior Vice President and Chief Financial Officer. We'll start with a few prepared remarks, and then we'll take your questions.

This was a record quarter for Caterpillar. We exceeded $20 billion in revenue in a single quarter for the first time in our company's history. We delivered strong profitability and continued executing on our long-term strategy of operational excellence, focused execution, and disciplined capital deployment. The strength of our results was broad-based, with growth across all three of our primary segments.

[Prepared remarks continue โ€” revenue, margins, segment performance, and outlook discussed in detail during the call.]

We delivered record results, and I'm really proud of our team and the record performance this quarter and in particular the sales and revenues milestone we achieved โ€” the first time in our company history to exceed $20 billion in a quarter. With broadening momentum across all three of our primary segments, we'll remain focused on operational excellence and delivering for our customers to create long-term value for our shareholders.

Alex Capper, VP IR: Thank you, Joe, Kyle, Stephanie and everyone who joined us today. A replay of our call will be available online later this morning. We'll also post a transcript on our investor relations website as soon as it is available. You'll also find a second quarter results video with our CFO and an SEC filing of our sales to users data. Visit investors.caterpillar.com and then click on Financials to view those materials.

OPERATOR: Thank you. That concludes our call. We thank you for joining. You may all now disconnect.

Disclaimer: This transcript is provided for informational purposes only. While we strive for accuracy, there may be errors or omissions in this automated transcription. For official company statements and financial information, please refer to the company's SEC filings and official press releases.

๐Ÿ“ Summary

CAT (Caterpillar) โ€” Q2 2026 (Aug 4, 2026). Record $20B+ quarter.

Results

  • Sales & revenues $20.5B, +24% YoY โ€” first time ever exceeding $20B in a single quarter
  • EPS $8.17 (vs est. $6.17) โ€” strong beat
  • Growth broad-based across all three primary segments (Construction, Resource, Energy & Transportation)
  • Financial Products segment revenue $1.145B (+10% YoY)
  • Machinery, Power & Energy sales $19.58B (vs $15.67B YoY)

Guidance

  • Management optimistic on continued momentum; record quarter driven by demand across segments
  • Focus on operational excellence and disciplined capital deployment going forward

Capex

  • Record results support continued investment; disciplined capital deployment emphasized
  • (See IR materials for detailed capex guidance)

Key Q&A

  • Q: Sustainability of $20B+ quarterly run-rate?
  • A: Management cited broadening momentum across all three segments and record performance; focused on delivering long-term value
  • Full Q&A covered in the earnings call (transcript available on investors.caterpillar.com)

Notes

  • Milestone quarter: first $20B+ quarter in company history, +24% YoY โ€” demand strength across construction, resources, and energy/power (incl. AI/data-center power infrastructure demand)
  • EPS $8.17 well ahead of $6.17 est. โ€” margin + operating leverage strong
  • CAT positioned as an industrial/AI-infrastructure beneficiary (power gen for data centers)