Caterpillar posts Q3 earnings beat but shares tumble as outlook stays unchanged
+3 new sources since this summary was written
Caterpillar reported third‑quarter 2026 revenue of $20.7 billion, a 17% year‑over‑year increase, and adjusted earnings of $7.20 per share, beating analyst estimates. The company highlighted strong power‑generation sales and a record $78.1 billion order backlog, but kept its full‑year revenue growth guidance in the mid‑to‑high teens and reiterated tariff‑cost guidance of about $2.2 billion. Despite the beat, the stock fell roughly 8‑10% in pre‑market trading.
Why it matters
The company’s unchanged full‑year outlook and reiterated tariff‑cost guidance prompted investors to sell, causing the stock to drop despite the earnings beat (as noted by analysts and the company’s commentary).
Key facts
- 1Q3 2026 revenue was $20.7 billion. aol.com
- 2Adjusted earnings per share were $7.20. aol.com
- 3Revenue grew 17% year‑over‑year. aol.com
- 4Power Generation sales were $3.421 billion, up 30%. 247wallst.com
- 5Order backlog reached a record $78.1 billion. tradingpedia.com
- 6The company reiterated tariff‑cost guidance of approximately $2.2 billion. tradingpedia.com
Summary written by AlphAI AI Desk from 19 of 19 sources. Not investment advice. Figures are as stated by the linked sources.