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Caterpillar Earnings Calls
| Release date | Apr 30, 2026 |
| EPS estimate | $4.65 |
| EPS actual | $5.54 |
| EPS Surprise | 19.14% |
| Revenue estimate | 16.527B |
| Revenue actual | 17.415B |
| Revenue Surprise | 5.38% |
| Release date | Jan 29, 2026 |
| EPS estimate | $4.71 |
| EPS actual | $5.16 |
| EPS Surprise | 9.55% |
| Revenue estimate | 17.851B |
| Revenue actual | 19.133B |
| Revenue Surprise | 7.18% |
| Release date | Oct 29, 2025 |
| EPS estimate | $4.53 |
| EPS actual | $4.95 |
| EPS Surprise | 9.27% |
| Revenue estimate | 16.773B |
| Revenue actual | 17.638B |
| Revenue Surprise | 5.16% |
| Release date | Aug 05, 2025 |
| EPS estimate | $4.89 |
| EPS actual | $4.72 |
| EPS Surprise | -3.48% |
| Revenue estimate | 16.302B |
| Revenue actual | 16.569B |
| Revenue Surprise | 1.64% |
Last 4 Quarters for Caterpillar
Below you can see how CAT performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 05, 2025 |
| Price on release | $434.23 |
| EPS estimate | $4.89 |
| EPS actual | $4.72 |
| EPS surprise | -3.48% |
| Date | Price |
|---|---|
| Jul 30, 2025 | $434.12 |
| Jul 31, 2025 | $438.02 |
| Aug 01, 2025 | $428.69 |
| Aug 04, 2025 | $433.70 |
| Aug 05, 2025 | $434.23 |
| Aug 06, 2025 | $427.72 |
| Aug 07, 2025 | $417.12 |
| Aug 08, 2025 | $416.52 |
| Aug 11, 2025 | $408.54 |
| 4 days before | 0.0253% |
| 4 days after | -5.92% |
| On release day | -1.50% |
| Change in period | -5.89% |
| Release date | Oct 29, 2025 |
| Price on release | $585.49 |
| EPS estimate | $4.53 |
| EPS actual | $4.95 |
| EPS surprise | 9.27% |
| Date | Price |
|---|---|
| Oct 23, 2025 | $520.50 |
| Oct 24, 2025 | $522.73 |
| Oct 27, 2025 | $527.07 |
| Oct 28, 2025 | $524.47 |
| Oct 29, 2025 | $585.49 |
| Oct 30, 2025 | $583.15 |
| Oct 31, 2025 | $577.26 |
| Nov 03, 2025 | $570.59 |
| Nov 04, 2025 | $547.58 |
| 4 days before | 12.49% |
| 4 days after | -6.47% |
| On release day | -0.400% |
| Change in period | 5.20% |
| Release date | Jan 29, 2026 |
| Price on release | $665.24 |
| EPS estimate | $4.71 |
| EPS actual | $5.16 |
| EPS surprise | 9.55% |
| Date | Price |
|---|---|
| Jan 23, 2026 | $626.60 |
| Jan 26, 2026 | $635.92 |
| Jan 27, 2026 | $638.91 |
| Jan 28, 2026 | $643.28 |
| Jan 29, 2026 | $665.24 |
| Jan 30, 2026 | $657.36 |
| Feb 02, 2026 | $690.91 |
| Feb 03, 2026 | $702.89 |
| Feb 04, 2026 | $691.82 |
| 4 days before | 6.17% |
| 4 days after | 4.00% |
| On release day | -1.18% |
| Change in period | 10.41% |
| Release date | Apr 30, 2026 |
| Price on release | $890.11 |
| EPS estimate | $4.65 |
| EPS actual | $5.54 |
| EPS surprise | 19.14% |
| Date | Price |
|---|---|
| Apr 24, 2026 | $830.79 |
| Apr 27, 2026 | $828.79 |
| Apr 28, 2026 | $818.09 |
| Apr 29, 2026 | $810.05 |
| Apr 30, 2026 | $890.11 |
| May 01, 2026 | $889.67 |
| May 04, 2026 | $874.78 |
| May 05, 2026 | $904.59 |
| May 06, 2026 | $926.93 |
| 4 days before | 7.14% |
| 4 days after | 4.14% |
| On release day | -0.0494% |
| Change in period | 11.57% |
Caterpillar Earnings Call Transcript Summary of Q1 2026
Caterpillar delivered a strong start to 2026 with Q1 sales of $17.4 billion (up 22% YoY), adjusted EPS of $5.54 (up 30%), record backlog of $63 billion (up 79% YoY) and an all‑time record quarter of orders. All three primary segments contributed to backlog growth. Sales to users rose across most end markets, led by Power & Energy (notably large gensets and turbines for data centers), Construction Industries, and Resource Industries (though RI was slightly below expectations due to timing). The company deployed $5.7 billion to shareholders in the quarter (dividends and accelerated buybacks) and produced nearly $600 million of MP&E free cash flow. Management raised full‑year 2026 sales and revenues guidance to low double‑digit growth and expects full‑year adjusted operating margin to be higher than their January view (but, including tariffs, near the bottom of their progressive target range). Key strategic actions: announced an increase in large reciprocating engine capacity from ~2x to nearly 3x 2024 levels (primarily 2027–2029) to serve accelerated demand—especially from data centers—and completed the RPMGlobal acquisition to bolster mining software/capabilities. Tariff impacts remain a headwind but were favorable in the quarter (Q1 tariff costs about $600M vs. prior $800M estimate); full‑year 2026 tariff costs are now estimated at $2.2–$2.4 billion (down from $2.6B prior). MP&E free cash flow is now expected to be higher than 2025 and CAPEX for 2026 remains ~ $3.5 billion; MP&E CapEx through 2030 is expected to average roughly 4–5% of MP&E sales to fund capacity expansions. Leadership transition: Kyle Epley will succeed Andrew Bonfield as CFO effective immediately.
