Caterpillar (NYSE:CAT) exceeds Q3 2026 expectations but stock drops

Caterpillar (CAT) shares dropped 7.94% despite Q3 adjusted EPS of $7.20, beating estimates, on $20.68B revenue, slightly missing expectations. Sales rose 17%, and order backlog hit a record $78.1B. The company maintained its full-year outlook, expecting mid-to-high-teens sales growth and stable margins.

Caterpillar (CAT) shares fell 7.11% to $662.63 on October 29, despite strong cash flow. The company reported $4.4B in quarterly operating cash flow, with $2B spent on buybacks and dividends. Revenue was $20.7B, with a 20.4% operating margin. GuruFocus gives CAT a GF Score of 91, noting high growth and profitability but lower financial strength and valuation metrics.

Caterpillar (CAT) reported Q3 2026 sales of $20.7B, up 17% YoY, with record backlog of $78B. Adjusted EPS was $7.20, up 45%. Growth driven by Power & Energy, Construction Industries, and Resource segments. Company expects mid- to high-teens revenue growth for 2026, with margins near the bottom of target range.

Caterpillar (CAT) shares fell 8.3% after reporting Q3 2026 revenue of $20.7B, up 17% YoY, and EPS of $7.20, beating estimates. The company cited strong end markets and a record backlog, while deploying $1.2B for share repurchases and $700M for dividends. The stock is down 38.4% from its 52-week high.

Caterpillar reported Q3 sales of $20.7B, up 17%, and EPS of $7.13. Shares fell 8% despite strong margins of 20.4%. Growth was driven by power equipment, but tariff recoveries boosted profits. No full-year outlook was provided.

Caterpillar reported Q3 2026 net sales of $20.7B, up 17% YoY, and profit of $3.3B, up 43% YoY. The company cited strong demand for data centers, construction, and mining. Its backlog reached $78B, nearly double YoY. Power and energy division sales grew 18%, led by power generation. Construction industries sales rose 18%, with North America as the top region.