Caterpillar hits record $20.5B quarterly revenue, boosted by AI-driven power equipment demand.

Caterpillar reported a record quarterly revenue of $20.5 billion, a 24% increase driven by strong demand for power-generation equipment linked to artificial intelligence infrastructure. This surpassed analyst expectations of $19.3 billion and marked the company's first quarter with revenue above $20 billion. Adjusted earnings per share soared 73% to $8.17, and operating margins improved significantly. The company also generated $4.4 billion in operating cash flow and returned $2.2 billion to shareholders through buybacks and dividends, signaling robust financial health and growth potential.