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Caterpillar Inc Q2 2026 · Story

Read the quarter card by card, ready to share.

CATQ2 20261/5

Estimate vs Actual

Earnings per Share

$8.17

+ 32.0% vs Estimate

Surprise as recorded in the analysis; the estimate itself is not on the calendar.

CATQ2 20262/5

Guidance

2026 Sales Growth (Full Year)

Company Guidance
15% – 19%

Revised Up ▲ · ~6 Points

2026 Tariff Cost

Company Guidance
2.2 billion

Low End of Range · 4.3% Lower ▼

ME&T Free Cash Flow (Annual Range)

Company Guidance
6 – 15 billion

Top Half of Range ▲ · Above $10.5B

CATQ2 20264/5

In 30 Seconds

Sales and revenues rose 24% year over year to $20.54 billion; adjusted EPS of $8.17 beat expectations by roughly 32%.

  • Construction Industries sales grew 35% year over year, and the company raised its 2026 sales growth outlook to 15-19%.
  • The stock rose 5.6% on results day, but gave back part of the gain over the next two sessions as much of the good news was already priced in.

First point of the analysis's “In 30 Seconds”.

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