Caterpillar reports record second-quarter revenue, growth in construction equipment sales

Caterpillar reported second-quarter 2026 sales and revenues of $20.5 billion, up 24% from the same period a year earlier, marking the first quarter in the company’s history to exceed $20 billion in sales and revenue. Profit per share increased to $7.77 from $4.62 in the second quarter of 2025.

For the quarter ended June 30, Caterpillar said higher equipment sales to end users and favorable pricing contributed to the increase in revenue. Operating profit rose 50% year over year to $4.3 billion, while the operating profit margin increased to 20.9% from 17.3%. The company also reported enterprise operating cash flow of $4.4 billion and ended the quarter with $6.7 billion in cash. During the quarter, Caterpillar used $1.5 billion for share repurchases and about $700 million for dividends.

For the outdoor power equipment and landscaping industry, Caterpillar’s Construction Industries segment posted the strongest growth among the company’s primary business units.

Construction Industries sales increased 35% to $8.35 billion from $6.19 billion in the second quarter of 2025. The company attributed the increase primarily to higher equipment sales volume and favorable pricing, with higher sales of equipment to end users driving growth across all geographic regions. North American sales rose 50% year over year. Segment profit increased 57% to $1.95 billion.

Across the company, sales increased in all three primary business segments. Construction Industries sales rose 35%, Resource Industries increased 20% and Power & Energy increased 17%. Overall sales and revenues totaled $20.54 billion, compared with $16.57 billion a year earlier.

Construction Industries accounted for $8.26 billion of external sales during the quarter, with North America representing the largest regional market at just over $5 billion.

Power & Energy sales increased to $8.24 billion, driven by demand for power generation equipment, including large reciprocating engines, turbines and turbine-related services used in data center applications. Resource Industries sales rose to $4.65 billion, supported by higher equipment sales to mining, heavy construction and quarry and aggregates customers.