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12:30
Aug 04 ◎

CAT FY2026 Q2 Watch

Caterpillar, Inc. (CAT) FY2026 Q2 Earnings Call

CAT ▾

Joe Creed

Management raised full-year guidance on broad-based demand across all segments. Strong backlog growth and upcoming capacity increases support a bullish outlook. Tariff costs remain a headwind, but the company sees recoveries and believes it can manage to the midpoint of its margin range over time.

"We are increasing our full-year 2026 sales and revenues expectations to mid- to high-teens growth based on the healthy demand we are seeing across all three of our primary segments."

CAT WATCH

HIGH

12:30
Apr 30 ◎

CAT FY2026 Q1 Watch

Caterpillar, Inc. (CAT) FY2026 Q1 Earnings Call

CAT ETN VRT GEV ▾

Joe Creed

Management raised the full-year 2026 sales and revenue outlook to low double-digit growth, driven by strong backlog and resilient end markets, particularly in power and energy. The tone is confident about continued momentum across all segments.

"We now anticipate low double-digit growth for full-year 2026 sales and revenues. The increased outlook is driven by resilient end markets and solid execution by our team."

CAT WATCH

Joe Creed

Caterpillar is seeing a significant shift in its power generation mix towards prime power applications for data centers, which is a departure from its traditional backup power focus and will drive long-term service and aftermarket growth. — This trend could pressure traditional utility infrastructure players as large-scale behind-the-meter gas generation becomes a primary power source, shifting the demand landscape for grid equipment.

"we are increasing our large reciprocating engine capacity from two times 2024 levels to nearly three times 2024 levels."

ETN WATCH GEV WATCH

Joe Creed

Caterpillar is expanding its large reciprocating engine capacity to nearly three times 2024 levels, citing strong demand signals from data center customers for prime power, indicating sustained high demand for power generation equipment. — This signals a multi-year, multi-billion dollar investment cycle in power generation, creating a durable demand backdrop for electrical equipment and grid infrastructure suppliers.

"we are increasing our large reciprocating engine capacity from two times 2024 levels to nearly three times 2024 levels."

VRT WATCH

HIGH

13:30
Jan 29 ◎

CAT FY2025 Q4 Watch

Caterpillar, Inc. (CAT) FY2025 Q4 Earnings Call

VALE CAT ▾

Joe Creighton

Vale is adopting Caterpillar's autonomous haulage solution for its mixed fleet in Brazil, indicating a major win in the mining sector and deepening the relationship.

"last month, Caterpillar and Sotrac, our dealer in Brazil, announced an agreement to provide Vale an autonomy solution for a mixed fleet of more than 90 trucks."

VALE WATCH

Joe Creighton

Management expects strong growth in 2026 driven by record backlog, robust end markets, and positive price realization, despite tariff headwinds.

"we anticipate full-year sales and revenues to grow around the top of the 5% to 7% long-term compound annual growth rate target."

CAT WATCH

HIGH

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