Caterpillar reported second-quarter sales and revenues of $20.5 billion on Tuesday, a 24% increase from $16.6 billion a year earlier and the first time the company has surpassed $20 billion in a single quarter, the company said.
Adjusted profit per share came in at $8.17, up from $4.72 in the second quarter of 2025
That exceeded analyst expectations of $6.20 per share, according to CNBC. Caterpillar shares were up 9% in premarket trading. The Construction Industries segment was the primary growth driver, with sales up 35% to $8.3 billion; within that, North American construction demand surged 50%, the company said.
The Power & Energy segment added 17% revenue growth to reach $8.2 billion, with power generation sales — predominantly tied to data center projects — climbing 29%. Between them, the two segments represented 81% of the company’s total revenue, according to CNBC. Operating profit rose 50% to $4.3 billion, and operating profit margin expanded to 20.9% from 17.3% a year earlier.