Caterpillar reported a record $20.5 billion in sales for Q2 2026, a 24% increase from the previous year, fueled by strong demand for power and construction equipment used in AI data center projects. Sales grew across all segments, with power and energy up 17%, construction industries up 35%, and resources industries up 20%. The company's order backlog surged 92% to $72 billion, signaling sustained growth. Caterpillar expects continued strong sales growth in Q3 and mid-to-high teens growth for the full year, driven by ongoing AI infrastructure investments.
US stocks surged with the Dow up 2% and the Nasdaq rising 2.4% after Treasury Secretary Scott Bessent indicated a potential deal with Iran to reopen the Strait of Hormuz, easing oil supply concerns and causing oil prices to fall over 5%. Palantir's s...
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 ...
US stock futures rose ahead of a busy earnings day, with the S&P 500 futures up 0.2%, nearing a new record high. The rally was supported by a 4.2% drop in oil prices after US Treasury hinted at a potential deal to reopen the Strait of Hormuz, easing ...
Caterpillar reported a record $20.5 billion in sales and revenues for Q2 2026, a 24% increase from the previous year, driven by higher sales volume and favorable pricing. Profit per share rose significantly to $7.77, reflecting strong operational per...
Wall Street is expected to start August mostly higher with Dow Jones futures up 1% and S&P 500 gaining 0.5%, while Nasdaq futures remain flat following a recent tech rebound. Last month, technology stocks struggled, notably the Philadelphia Semicondu...
