Caterpillar (CAT) Q3 2026 Earnings

Yes. Caterpillar reported Q3 2026 earnings of $7.20 a share on Oct 29, 2026, beating the $7.03 consensus estimate by 2.4%. Revenue was $20.7B against a $20.7B estimate.

Caterpillar delivered a confident third quarter for fiscal 2026, beating adjusted earnings estimates for the fourth consecutive quarter as robust demand across its segments drove results well ahead of expectations. The company posted adjusted EPS of $7.20, clearing the $7.04 consensus by 2.37%, while GAAP diluted EPS came in at $7.13 after excluding $0.07 per share in restructuring costs. Revenue of $20.68 billion rose 17.3% year over year, landing just a hair under the $20.69 billion estimate, a negligible variance that did little to dim the broader story. The single most material driver was a $2.20 billion surge in sales volume tied to equipment demand from end users, amplified by $663 million in favorable price realization and $128 million in IEEPA tariff recoveries that bolstered operating profit. Power Generation was a standout, with turbine and large reciprocating engine sales climbing 30%, fueled in part by accelerating data center buildout, a theme echoed broadly across the industrial sector this quarter. CEO Joe Creed pointed to strong order rates and a record backlog as reasons for confidence heading into the fourth quarter, though the company stopped short of providing numeric guidance.