Caterpillar reported strong operational results for Q3 2026, driven by a $78 billion backlog fueled by AI infrastructure demand, extending revenue visibility into 2029-2030. Despite this, shares have dropped 29% due to concerns over valuation and the long timeline to convert backlog into revenue. Analysts expect revenue growth of 17.8% in 2026 and 10.8% in 2027, with margins improving as scale grows. The stock rating was upgraded to hold from strong sell, noting that a further 10% price drop would make it more attractive for investors.
Caterpillar shares trade at USD 636.12 on Pluang as of Oct 30, 2026, down 1.74% in the last day. The stock's market cap stands at $297.59 billion, with a dividend yield of 1.01%. Most Pluang users hold Caterpillar for about 96 days, showing moderate-term interest despite recent price drops.
Caterpillar announced a 17% increase in revenue for the third quarter, showing continued growth but at a slower pace compared to the 24% growth in the prior quarter. Despite strong topline results, the growth rate may disappoint some investors given ...
Both Boeing and Caterpillar reported Q3 earnings recently, with Boeing missing estimates and Caterpillar beating them yet both stocks fell. Caterpillar shows stronger income, cash flow, and shareholder returns, including rising dividends and steady b...
Caterpillar's stock has fallen nearly 40% from its 52-week high due to cost pressures and a cautious earnings report, despite beating EPS estimates. However, two major Wall Street firms, HSBC and Wells Fargo, see significant upside potential of up to...
Caterpillar (CAT) shares fell sharply after reporting strong Q3 results, driven by its Power & Energy division's growth fueled by data center demand. The company reported a record $78 billion backlog, up 96% year-over-year, though sequential backlog ...
Alphabet and Microsoft both fell short of their AI capital expenditure expectations for Q3, signaling a slowdown in AI infrastructure investment. Caterpillar's 22% inventory rise suggests overproduction, reinforcing the thesis of a cooling AI capex m...
