Caterpillar Q3 FY2026: sales up 17.0%, EPS $7.13, margin at 20.4%
Caterpillar's fiscal 2026 third quarter beat on revenue and on adjusted profit, with sales up 17.0% and operating margin up 2.5 points to 20.4%. Adjusted EPS of $7.20 cleared the $7.1552 consensus, while GAAP EPS of $7.13 fell a few cents short. Read it as a volume-and-price story, then check the working-capital build and tariff costs.
1 · Expected vs. Actual
Free preview belowGAAP profit per share was $7.13 versus $4.88 a year ago, and adjusted profit per share was $7.20 after stripping out $41 million of restructuring costs. Against a consensus estimate of $7.1552, the adjusted figure was slightly above and the GAAP figure slightly below, so this is close to a match rather than a clear beat. The wider swing is in operating margin, which went from 17.3% to 20.4%.
Revenue of $20.682 billion rose 17.0% from $17.638 billion a year earlier, and volume did most of the work: $2.2 billion from higher sales volume and $663 million from price realization. All three primary segments grew, with Power & Energy and Construction Industries both up 18.0% and Resource Industries up 15.0%. Power Generation alone jumped 30.0% on turbines and large reciprocating engines for data center applications.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-05
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