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Caterpillar Inc Q3 2026 · Story

Read the quarter card by card, ready to share.

CATQ3 20261/4

Estimate vs Actual

Earnings per Share

$7.20

+ 1.7% vs Estimate

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

CATQ3 20262/4

Guidance

2026 Sales Growth

Company Guidance
15% – 19%
Market Estimate
18%

1 Point Below Estimate ▼

2026 Tariff Cost

Company Guidance
2.2 B

Flat

Q4 2026 Tariff Cost

Company Guidance
0.6 B

25% Lower YoY ▲

CATQ3 20263/4

In 30 Seconds

Revenue rose 17% to $20.68B but beat estimates by only 0.6%; adjusted EPS of $7.20 was 1.7% above.

  • Backlog hit a record $78B, while full-year growth guidance stayed unchanged in the mid-to-high teens.
  • The stock fell 8% intraday after management flagged only moderate fourth-quarter growth.

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

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