Caterpillar Reports Strong Q3 2026 Results Driven by Data Center Demand and Record Backlog
Caterpillar (CAT) reported robust third-quarter 2026 financial results, highlighted by a 17% increase in revenue to $20.7 billion and a significant jump in adjusted profit per share to $7.20, up 45% year-over-year. The company achieved a record backlog of $78 billion, nearly doubling from the previous year, signaling sustained demand across its primary business segments. The Power and Energy segment emerged as a major growth driver, with sales rising 18% to $8.8 billion due to intense demand for data center applications and large reciprocating engines. While Construction Industries also saw strong double-digit growth, management noted that supply constraints in the power sector remain a primary pacing factor for future expansion. Despite facing approximately $600 million in tariff costs and some regional challenges in the Middle East, Caterpillar maintains a positive full-year sales outlook in the mid-to-high teens. The company is aggressively expanding capacity, including a $1 billion investment in North Carolina to bolster compact construction equipment manufacturing.
Tickers: $CAT
Topics: Backlog Capital Deployment Free Cash Flow Profit Per Share Revenue Growth