Caterpillar Stock Surpasses Earnings Expectations with 23.7 Percent Revenue Growth
Caterpillar Inc., the machinery maker, reported its second-quarter earnings on September 21, 2026. The company's stock closed at $816.50 on the NYSE, up 0.93 percent from the previous close.
The quarterly results showed a significant increase in revenue, with $20.54 billion in Q2 fiscal 2026, a 23.7 percent rise year over year. Earnings per share came in at $8.17, beating estimates by $1.95 and exceeding the consensus estimate of $6.22.
The company's operating scale and profitability are key factors in its valuation, with a profit margin of 17.49 percent. Caterpillar's stock remains below its yearly high of $1,073.46 but above its 52-week low of $459.58.
MarketBeat reported a consensus price target of $994.17 and a Moderate Buy rating based on 14 research reports during the previous 90 days. However, Caterpillar's valuation is also subject to caution due to its trailing price-to-earnings ratio of 35.17, which is above the industrials-sector average.