Caterpillar Stock Holds Elevated Level Amid Record Q2 Backlog
Caterpillar Inc.'s stock has been trading at an elevated level in mid-August 2026, around $854 per share. This comes as investors weigh a record second-quarter backlog and sharply higher earnings guidance for the rest of the year.
The company's recent earnings summary dated August 13, 2026, reported Q2 2026 revenue of $20.54 billion, an increase of 23.7% year over year. Adjusted EPS reached $8.17 for the quarter, up from $4.72 a year earlier.
Caterpillar's board approved an increase in the quarterly dividend to $1.63 per share, reinforcing the company's status as an income-focused industrial name.