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 growth is slowing as manufacturing capacity expands. Despite these strong results, CAT's unchanged Q4 guidance disappointed investors expecting more optimism, leading to concerns over valuation and future growth. The stock is viewed as fairly priced near $650, with a suggested buy zone at a lower level.
As of Oct 30, 2026 18:02 WIB, Caterpillar (CAT) shares are trading at USD 638.02 on Pluang, down 1.45% for the day. Despite the recent drop, the stock remains actively traded with a volume of 8,141,539 and a market cap of $297.59 billion. Investor interest on Pluang shows a strong buy sentiment, with 92% of orders being buy and only 8% sell.
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...
Caterpillar's stock fell 7.27% following its Q3 earnings report, which showed a slight revenue miss despite an EPS beat. The company's revenue rose 17.26% year-over-year but missed expectations by a small margin, and tariff relief declined compared t...
Caterpillar reported Q3 2026 earnings of $7.20 per share, beating estimates, with revenue rising 17% to $20.68 billion. Strong sales in data center power and construction helped, but the company issued a moderate sales growth outlook for Q4, disappoi...
Caterpillar's shares dropped sharply after the company reported a slight miss in third-quarter sales. While the power and energy segment, boosted by data-center construction, showed strong growth and price gains, the broader construction industries s...
Caterpillar reported better-than-expected third-quarter earnings with adjusted EPS of $7.20, slightly beating estimates, and revenue growth of 17.3%. Despite this, its stock fell 9% premarket, reflecting a broader selloff in AI power-related stocks l...
