Earnings Releases·Oct 29, 2026, 6:33 AM ET

Caterpillar Inc. — Third Quarter 2026 Earnings Summary

Consolidated revenues rose 17% year-over-year to $20.7 billion, while profit per share increased to $7.13 (up from $4.88) and operating profit surged 38% to $4.214 billion, driven by $2.2 billion in sales volume growth and favorable pricing.
All three primary business segments (Power & Energy, Construction Industries, Resource Industries) delivered double-digit revenue and profit growth, with North America and Latin America showing particularly strong performance despite currency headwinds in Asia/Pacific.
Management highlighted a record backlog and strong order rates as indicators of market durability, though unfavorable manufacturing costs including tariffs and higher freight partially offset margin expansion.
The company returned $2.0 billion to shareholders via $1.2 billion in share repurchases and $0.7 billion in dividends, while ending the quarter with $7.9 billion in enterprise cash and no specific numerical full-year guidance provided.