Caterpillar reported its biggest quarter ever in Q2 2026, with revenue surpassing $20 billion and net income up nearly 65% year over year, fueled by strong demand for AI data center infrastructure. The company's backlog grew to $72 billion, with orders extending to 2030, especially in Power Generation, which grew 72% due to data center needs. Analysts see potential for shares to surpass $1,000 if growth continues, though tariff costs and regional softness pose risks. Caterpillar is positioned as a key player in AI infrastructure beyond chips, benefiting from the ongoing buildout of data centers.
Five Dividend Aristocrats—Caterpillar, Emerson Electric, AspenTech, Honeywell Technologies, NextEra Energy, and Realty Income—are leveraging artificial intelligence to boost growth and maintain reliable dividends. These companies, known for raising d...
Piper Sandler's Craig Johnson highlights a market rotation from traditional AI leaders to industrials like Caterpillar, driven by rising 10-year Treasury yields nearing 5%. This shift reflects a broader move where industries with heavy labor and low ...
Caterpillar is experiencing unprecedented demand driven by data center power needs shifting from backup to primary power generation. The company's backlog now exceeds 2.4 times last year's revenues, with orders extending through 2030, providing stron...
