Overview
- Caterpillar reported on Tuesday that second‑quarter revenue rose 24% to a record $20.5 billion and adjusted earnings per share of $8.17 beat analyst estimates.
- The company said operating profit climbed about 50% and operating margin widened to roughly 20.9%, driven by higher volumes, pricing and operational leverage.
- Management reported a company‑record order backlog of $72.1 billion and raised full‑year sales growth guidance to the mid‑to‑high teens.
- Power & Energy was a key driver as demand for large generators, engines and related services from AI and hyperscale data‑center projects lifted segment sales and margins.
- Caterpillar generated strong cash flow in the quarter, returned about $2.2 billion to shareholders through buybacks and dividends, and its results highlight both upside from concentrated hyperscaler spending and the risk that that backlog‑driven growth may not be permanent.