Caterpillar stock pops 9% on record quarterly revenue
Ines Ferré· Senior Business Reporter
Tue, August 4, 2026 at 5:35 PM GMT+5:30
1 min read
- CAT
+1.87% - ^DJI
+1.32%
What happened:Caterpillar (CAT) stock jumped 10% in premarket trading on Tuesday
What’s behind the move: The heavy equipment maker reported second quarter sales and revenues increased 24% to $20.5 billion
“This is the first time in company history that we have generated over $20 billion in sales and revenues in a single quarter,” Caterpillar CEO Joe Creed said
The results were powered by strong order rates and a growing backlog across all three of the company’s primary segments
Caterpillar’s backlog rose to $72.1 billion, up 92% from the same time last year
(CAT)
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830.03+15.22(+1.87%)
At close: August 3 at 4:00:02 PM EDT
What else you need to know:Caterpillar has become a winner of the AI trade by providing the massive power infrastructure required to keep data centers running
Operating profit margin was 20.9% for the second quarter of 2026, compared with 17.3% for the second quarter of 2025
The stock is up 38% year to date, helping buoy the Dow Jones Industrial Average (DJI) to record highs
Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at@ines_ferre
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