IEEPA Tariff Recoveries Boost Q2 Profits
Caterpillar recorded $392 million in expected IEEPA tariff recoveries from claims submitted through CBP's CAPE system, boosting operating profit and profit per share by about $0.61.
At the archive date, CATERPILLAR INC was expected to release its Q3 2026 10-Q filing on October 27, 2026, before market open. Last quarter: Caterpillar's Q2 FY2026 results surged on broad demand strength and a one-time tariff recovery, with EPS jumping 68% to $7.77, though rising dealer inventories and ongoing tariff costs present headwinds.
EPS Estimate
$7.03
Revenue Estimate
$20.68B
Analyst consensus captured from Finnhub and Financial Modeling Prep. This archived preview is no longer updated with later results; see the CAT page for retained reports.
Drawn from management commentary in the Q2 2026 10-Q:
Caterpillar recorded $392 million in expected IEEPA tariff recoveries from claims submitted through CBP's CAPE system, boosting operating profit and profit per share by about $0.61.
Management now expects full-year 2026 sales and revenues to grow in the mid-to-high teens, with strong growth across all primary segments driven by higher volume and pricing.
Total dealer inventory increased $600 million in Q2, including a $400 million build in Construction Industries, whereas a year ago it decreased; full-year dealer inventory is expected to be higher at year-end 2026 vs 2025.
Revenue
$20.54B
+23.98% YoY
EPS (Diluted)
$7.77
+68.18% YoY
Operating Income
$4.29B
+50.17% YoY
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