Caterpillar, Inc.: Mixed — EPS $7.20, Revenue $20.68B
Mixed ResultQ3 2026 · Pre-market
Did Caterpillar, Inc. (CAT) beat earnings today?
It was a mixed report for Q3 2026 — Caterpillar, Inc. (CAT) beat on EPS but missed on revenue.
Earnings Per Share+2.42% surprise
$7.20Actual
Expected: $7.03
vs. year ago +45.5%
Total Revenue-0.04% surprise
$20.68BActual
Expected: $20.69B
vs. year ago +17.0%
Released Oct 29 · 6:30 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Sales and Revenues | $20.68B | $17.64B | +17.0% |
| Sales and Revenues breakdown | |||
| └─Power & Energy | $8.78B | $7.46B | +18.0% |
| └─Construction Industries | $7.98B | $6.76B | +18.0% |
| └─Resource Industries | $4.62B | $4.00B | +15.0% |
| └─Financial Products Segment | $1.18B | $1.08B | +9.0% |
| Profit per common share | $7.16 | $4.91 | +45.8% |
| Profit per common share — diluted | $7.13 | $4.88 | +46.1% |
| Adjusted Profit Per Share | $7.20 | $4.95 | +45.5% |
| Profit | $3.29B | $2.30B | +42.9% |
Business Highlights
- ➤Reported strong order rates and a record backlog.
- ➤Deployed $1.2 billion for common-stock repurchases during the quarter.
- ➤Deployed $0.7 billion for dividends during the quarter.
- ➤Power Generation sales increased in turbines, turbine-related services and large reciprocating engines for data centers.
- ➤Oil and Gas sales increased in aftermarket parts, gas-compression engines, turbines and related services.
- ➤Construction Industries equipment sales to end users increased across key markets.
- ➤Mining, Heavy Construction and Quarry & Aggregates sales benefited from dealer inventory changes.
- ➤Rail sales declined on lower international locomotive deliveries, partly offset by higher rail services.
- ➤Cat Financial past dues improved to 1.31% from 1.47% a year earlier.
Management Commentary
Joe Creed, Chairman and CEO
“Our third-quarter results reflect the durability of our end markets, with strong order rates and a record backlog. Our team continues to execute our strategic priorities in a dynamic environment, positioning us for a strong year while delivering long-term value for our customers and shareholders.”