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Caterpillar shares drop 7% despite earnings beat due to cautious sales outlook.

29 Oct 2026, 17:58 WIB
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Bearish
Caterpillar shares drop 7% despite earnings beat due to cautious sales outlook.

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, disappointing investors and causing a 7% stock drop. Caterpillar's premium valuation and concerns about AI spending and tariff costs weigh on the stock. The next key test will be the 2027 outlook and dealer inventory trends.

Caterpillar's market cap stands at $327.92 billion as of Oct 29, 2026, 22:12 WIB, with a 1-day decline of 7.32% on Pluang reflecting the stock's sharp drop. The stock's dividend yield is 0.91%, and trading volume reached 3,414,875 shares. Meanwhile, Deere & Company, with a market cap of $172.74 billion, saw a 2.36% gain, and PACCAR's market cap is $53.92 billion with a minor 0.09% dip, showing mixed investor reactions within the industrials sector on Pluang.

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