Caterpillar Smashes Q2 Sales with Record $20.5 Billion Revenue

Caterpillar Inc., a leading global manufacturer of heavy equipment and machinery, reported record-breaking sales of $20.5 billion in its second quarter of 2026, surpassing expectations.

The company's adjusted earnings per share climbed to $8.17, marking a 73% increase from the same period last year.

Caterpillar's backlog reached an all-time high of $72 billion, providing significant revenue visibility and supporting continued high factory utilization.

The company's strong performance has led management to raise its sales outlook for 2026 to mid-to-high teens percentage growth range, making it one of the strongest growth phases in the company's recent history.