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Caterpillar CAT Q1 2026 earnings

Reported April 30, 2026 · Before market open

Revenue$17.4BBeat by $888.5M
EPS$5.54Beat by $0.89
Revenue estimate$16.5B
EPS estimate$4.65
“Our team delivered a strong start to the year, driven by resilient end markets and disciplined execution in a dynamic operating environment, Solid sales and revenues growth, combined with robust order activity, demonstrate the strength of our business and our focus on solving our customers’ toughest challenges. A record backlog provides a strong foundation for continued positive momentum.”
Caterpillar Chairman

Next report

Nov 4, 2026 (in a month)
Revenue estimate$20.5B
EPS estimate$6.95

Financials

Q1 2026

Income statement

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Revenue$17.4B+22.2%
Gross profit$6.1B+15.6%
Operating income$3.1B+19.6%
Net income$2.5B+27.2%
EPS (diluted)$5.47+30.2%

Balance sheet

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Cash & equivalents$4.1B+14.3%
Total assets$95.6B+12.4%

Cash flow

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Operating cash flow$1.9B+45.1%
CapEx$728.0M+2.5%
Free cash flow$1.1B+97.2%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$329.64B+109%
P/E35×+19.1×
P/S4.7×+2.2×

Profitability

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Gross margin96.6%-4.4pp
Operating margin16.5%-2.7pp
Net margin13.3%-2.4pp
FCF margin13.4%-0.9pp

Returns & leverage

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Current ratio1.4×0.0×

Segments

By segment

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Construction Industries$7.2B+38.1%
Power & Energy$7.0B—
Resource Industries$3.8B+3.7%
Financial Products Segment$1.1B+8.8%
All Other Segment$77.0M+10.0%

By geography

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North
 America$10.2B+32.2%
EAME$3.0B+20.0%
Asia/
 Pacific$2.6B+3.8%
Latin
 America$1.6B+5.1%

By product

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Sales of Machinery, Power & Energy$16.5B—
Financial Products$942.0M+8.2%

FAQ

When did Caterpillar report Q1 2026 earnings?
Caterpillar (CAT) reported Q1 2026 earnings on April 30, 2026 before market open.
What were Caterpillar's Q1 2026 revenue and EPS?
Caterpillar reported revenue of $17.4B and eps of $5.54 for Q1 2026.
Did Caterpillar beat estimates in Q1 2026?
Revenue beat the consensus estimate of $16.5B by $888.5M. EPS beat the consensus estimate of $4.65 by $0.89.
How did Caterpillar's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 22.2% from $14.2B a year earlier and eps grew 30.4% from $4.25.
Where can I find Caterpillar's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000018230-26-000017) and the 10-Q periodic report (0000018230-26-000021) directly on SEC EDGAR. The filing index links above go to sec.gov.