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Caterpillar earnings surpass $20B, stock up 6%
Caterpillar announced record results for the second quarter of 2026, surpassing $20 billion in revenue for the first time and increasing by 24% to $20.5 billion, driven by strong demand and a backlog reaching $72.1 billion, a 92% increase compared to last year. The company's stock rose by 6%, and its results showed an operating margin of 20.9%. These outcomes confirm that the company achieved strong financial performance, reflected in a 60% rise in its stock price since the beginning of the year, supporting the Dow Jones Industrial Average.
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