Caterpillar Shares Jump 10% After Record $20.5 Billion Quarter
Updated
Updated · Yahoo Finance · Aug 4
Caterpillar Shares Jump 10% After Record $20.5 Billion Quarter
3 articles · Updated · Yahoo Finance · Aug 4
Summary
Caterpillar stock rose as much as 10% Tuesday after the company posted its first-ever quarter above $20 billion in sales and revenue.
Q2 revenue climbed 24% to $20.5 billion as strong order rates lifted backlog across all three main segments, pushing the order book to a record $72.1 billion, up 92% from a year earlier.
Profitability also improved, with operating margin expanding to 20.9% from 17.3% a year ago, reinforcing the earnings beat and the company's higher 2026 sales outlook.
AI data center buildouts have become a key demand driver for Caterpillar's power infrastructure and equipment, helping make the stock a standout industrial winner this year.
The shares are now up 60% year to date, adding support to the Dow Jones Industrial Average's run to record highs.