Cat Surges to Record Quarterly Revenue on AI-Fueled Demand

Caterpillar reported a record quarterly revenue of $20.5 billion, a 24% increase from last year driven by strong demand for power-generation equipment tied to artificial intelligence infrastructure.

This surpasses analyst expectations of $19.3 billion and marks the company's first quarter with revenue above $20 billion.

Caterpillar's adjusted earnings per share soared 73% to $8.17, and operating margins improved significantly.

The company also generated $4.4 billion in operating cash flow and returned $2.2 billion to shareholders through buybacks and dividends, signaling robust financial health and growth potential.