Overview
- Quarterly results topped estimates with revenue of $19.1 billion and adjusted earnings of $5.16 per share on strong data center generator demand.
- Power and Energy division sales rose 23% and became the company’s largest unit as orders increased for prime-power systems used in AI facilities.
- Operating profit fell 9% to $2.66 billion after $1.03 billion in unfavorable manufacturing costs largely tied to higher tariffs.
- Caterpillar projected about $2.6 billion in tariff expense for 2026, including roughly $800 million in the first quarter.
- The order backlog reached a record $51.2 billion and the stock closed at a record above $665, as guidance called for similar sales trends in 2026 with margins near the low end of targets.