Caterpillar 8-K
PositiveEarningsRestructuring
Higher volume and pricing lifted all three segments; Power & Energy led retail growth alongside strong orders and a growing backlog.
Filed 2026-08-04 06:31 ET
- 2.02 Results of Operations
- 7.01 Regulation FD Disclosure
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results. Sales and revenues rose 24% to $20.5B, the first quarter in Caterpillar’s history above $20B, with higher volume and pricing driving growth across its three primary segments. Strong order rates and a growing backlog reflected broadening momentum.
Key Figures
| Metric | Q2 2026 | Q2 2025 | Y/Y |
|---|---|---|---|
| Sales and revenues | $20.5B | $16.6B | +24% |
| Operating profit | $4.30B | $2.86B | +50% |
| Operating profit margin | 20.9% | 17.3% | +360 bp |
| Adjusted operating profit margin, non-GAAP | 21.9% | 17.6% | +430 bp |
| Profit attributable to common shareholders | $3.59B | $2.18B | +65% |
| Diluted EPS | $7.77 | $4.62 | +68% |
| Adjusted profit per share, non-GAAP | $8.17 | $4.72 | +73% |
- Sales growth was driven by $3.1B of higher sales volume and $595M of favorable price realization. Operating profit included $392M of expected IEEPA tariff recoveries; restructuring costs totaled $202M, including $139M related to divestitures of certain non-U.S. entities.
- Enterprise operating cash flow was $4.4B and quarter-end enterprise cash was $6.7B. Caterpillar repurchased $1.5B of shares and paid $0.7B in dividends; diluted weighted-average shares declined 1.9% Y/Y to 462.5M from 471.5M.
- Dealer-reported retail sales were up 25% overall: Power & Energy rose 33% (Power Generation +72%), Construction Industries rose 22% in price-neutral unit sales, and Resource Industries rose 17% (Rail +272%).
Guidance
No guidance in this filing.
Investor Takeaways
- Next-quarter retail sales and backlog trends will indicate whether end-user demand and the broad-based volume momentum continue.
The summary is written by an AI model reading the filing.
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