CATERPILLAR INC is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: CAT delivered strong Q1 FY2026 results with revenue surging 22.2% YoY to $17.4B and EPS jumping 30.3% to $5.50, driven by robust demand across its business segments, though operating margin edged slightly lower and aggressive share buybacks of $5.0B highlight continued capital returns to shareholders.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue grew 22.2% YoY to $17.4B in Q1 FY2026 (from $14.2B in Q1 FY2025), reflecting strong end-market demand. This top-line acceleration suggests broad-based strength in Caterpillar's construction, resource, and energy & transportation segments.
Cost of Revenue rose 26.1% YoY to $11.3B, outpacing revenue growth of 22.2%, which compressed gross margins. This cost acceleration likely reflects higher material, manufacturing, and supply chain costs that partially offset the benefit of higher sales volumes.
Operating income grew 19.6% YoY to $3.1B, but operating margin declined modestly from 18.1% to 17.7%, indicating that while absolute profitability improved, cost pressures are creating a slight headwind to margin expansion.
Revenue
$17.41B
++22.22% YoY
EPS (Basic)
$5.50
++30.33% YoY
Operating Income
$3.08B
++19.62% YoY
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