Caterpillar Stock Trades Firm at $856.57 Amid Record Backlog and Strong Growth Prospects

Caterpillar's stock continues to perform well in mid-August 2026, trading at $856.57 on the New York Stock Exchange after a strong second-quarter 2026 results and record order backlog.

The company's $72 billion Q2 2026 backlog represents a 92% growth compared to the prior-year period, with approximately 59% of this total expected to convert into revenue within the next twelve months.

This significant acceleration in customer demand is reflected in consensus expectations that Caterpillar's earnings for 2026 will grow by 39.4% and revenue will increase by 15.5%, indicating improved profitability.