Caterpillar Inc. Reports Q3 2026 Financial Results with 17% Revenue Growth

Executive Summary

On October 29, 2026, Caterpillar Inc. filed a Current Report on Form 8-K under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure), announcing its financial results for the third quarter ended September 30, 2026.

Key Financial Highlights

• Sales and Revenues: Totaled $20.682 billion, up 17% ($3.044 billion) compared to $17.638 billion in Q3 2025. Growth was driven by $2.2 billion in higher sales volume (increased equipment demand by end users) and $663 million in favorable price realization.
• Earnings Per Share (EPS):
  • GAAP Profit Per Share: $7.13 (up 46% from $4.88 in Q3 2025).
  • Adjusted Profit Per Share: $7.20 (up 45% from $4.95 in Q3 2025), excluding restructuring costs.
• Operating Margins:
  • Operating profit margin reached 20.4% vs. 17.3% in Q3 2025.
  • Adjusted operating profit margin was 20.6% vs. 17.5% in Q3 2025.
• Cash Flow & Capital Allocation:
  • Enterprise operating cash flow was $4.4 billion for the quarter.
  • Ended Q3 2026 with $7.9 billion in enterprise cash.
  • Deployed $2.0 billion to shareholders: $1.2 billion in common stock repurchases and $0.7 billion in dividends.

Segment Performance

• Power & Energy: Sales of $8.784 billion, up 18% YoY (+$1.321 billion).
• Construction Industries: Sales of $7.983 billion, up 18% YoY (+$1.223 billion).
• Resource Industries: Sales of $4.615 billion, up 15% YoY (+$616 million).
• Financial Products: Revenues of $1.028 billion, up 13% YoY (+$116 million).

Filing Items & Exhibits

• Item 2.02: Results of Operations and Financial Condition.
• Item 7.01: Regulation FD Disclosure (Supplemental retail statistics for machines and power systems).
• Exhibit 99.1: Q3 2026 Earnings Press Release.
• Exhibit 99.2: Retail Statistics Supplemental Information.