Caterpillar Stock Hits Near-Record Highs on Strong Q2 Earnings
Caterpillar Inc.'s stock price has gained momentum as the company's strong second-quarter results and margin expansion continue to support its valuation.
The Q2 2026 earnings report showed that Caterpillar delivered earnings per share of $8.17, exceeding analyst expectations by a wide margin, with revenue reaching $20.54 billion, a 23.7% year-over-year increase.
The company's net margin stood at 14.51%, and its return on equity was 55.53%. The record-breaking quarterly revenue and all-time high order backlog of $72 billion underscore the robust demand for Caterpillar's equipment and services.
The stock price, currently trading around $796.72 USD, has gained 87.7% over the past year, outperforming its peers in the manufacturing construction and mining industry.