Stocks
Caterpillar Stock Rises on Record Backlog and Earnings Growth
Caterpillar stock surged on September 17, 2026, closing at $798.57, up 2.02% from the previous session.
This gain was in response to a strong industry outlook and robust order backlog, according to Zacks.
As of the end of Q2 2026, Caterpillar's backlog stood at a record $72 billion, representing a 92% increase year-over-year.
Zacks also highlighted that the consensus estimate for Caterpillar's fiscal 2026 earnings has increased by 10% over the past 60 days and now implies year-over-year earnings growth of 43.6%, with a Zacks Rank of 1 Strong Buy.