Earnings
Home›Earnings›Results›Caterpillar posts record quarter and raises guidance o…
Caterpillar posts record quarter and raises guidance on datacenter demand
Caterpillar reported record Q2 revenue of $20.5 billion, raised Q2 guidance from the low double digits to the mid-to-high teens, and nearly 75% adjusted EPS growth.
Caterpillar delivered a record Q2, with revenue rising to $20.5 billion as demand linked to AI data center construction boosted orders and backlog, MarketBeat Ratings reports. The company also logged a record backlog above $72 billion, which supported confidence in the current and upcoming quarters.
Segment results showed strength across major divisions, with Construction Industries sales up 35%, Resource Industries sales up 20%, and Power and Energy sales up 17%. MarketBeat Ratings said the top line exceeded consensus by more than 650 basis points, alongside order and backlog growth.
Caterpillar widened margins across levels, citing revenue leverage and operational quality, which drove nearly a 400 basis-point improvement in operating profit margin. The company generated $4.4 billion in operating cash flow and reported adjusted earnings per share of $8.17, nearly 75% higher than last year and $2 above the consensus forecast, according to MarketBeat Ratings.
Guidance was a key driver for the outlook, with Caterpillar lifting its forecast from the low double digits to the mid-to-high teens, a 500- to 700-basis-point improvement at the midpoint. MarketBeat Ratings linked the update to continued momentum in the broader datacenter buildout and said the results reinforced expectations for sustained cash generation and capital returns.