Caterpillar stock reports 23.7 percent revenue growth

Published on 09/29/2026 at 10:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Caterpillar stock posted adjusted EPS of USD 8.17 in Q2 2026 against USD 6.22 consensus. The shares were last at USD 819.95 on September 28.

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Caterpillar stock (ISIN US1491231015) was last at USD 819.95 on the NYSE on September 28, 2026, down 0.20 percent from the previous close. The latest quarterly figures remain the central reference point, with revenue growth and an earnings beat shaping the analyst debate around the equipment maker.

Second quarter beats expectations

According to StockTitan, Caterpillar reported second-quarter 2026 sales and revenues of USD 20.543 billion on August 4, 2026. The figure was up 24 percent from USD 16.569 billion in the same quarter of 2025, while operating profit reached USD 4.295 billion and operating margin was 20.9 percent.

The filing summary also reported GAAP diluted EPS of USD 7.77 and adjusted EPS of USD 8.17 for Q2 2026. Adjusted EPS was higher than the USD 6.22 consensus cited by MarketBeat, a difference of USD 1.95 per share.

Analysts split over valuation

MarketBeat reported on September 26, 2026, that Wall Street Zen downgraded Caterpillar from buy to hold. The same report cited a Moderate Buy consensus and an average 12-month price target of USD 994.38.

The target implies a premium of 21.27 percent to the USD 819.95 reference price. That gap puts valuation at the center of the debate: the quarterly numbers show operating leverage, while the share price remains below its 52-week high of USD 1,073.46.

Stock remains below yearly high

Caterpillar traded between USD 808.24 and USD 827.57 during the September 28 session, with volume of 2,152,841 shares. Its 52-week range was USD 467.46 to USD 1,073.46, and the market capitalization stood at USD 377.7 billion on the same date.

For investors, the key comparison is the combination of a 23.7 percent year-over-year revenue increase cited by MarketBeat and the stock's 0.20 percent daily decline. Caterpillar's next valuation signal will depend on whether earnings growth continues to offset the premium reflected in the analyst target range.