$CAT Caterpillar Q2 Earnings
- Adj. EPS $8.17, est. $6.17
- EPS $7.77 vs. $4.62 y/y
- Backlog $72.1B
- Order backlog increased $9.4B in 2Q vs 1Q
- Order backlog increased $34.6B in 2Q y/y
- Sees mid-to-high teens growth in FY sales & rev.
- Sees 3Q adj. oper profit margin higher compared to 3Q 2025
- Sees 3Q tariff costs similar to last year
- Sees FY26 tariff costs around $2.2B, saw $2.2B to $2.4B
- Sees FY26 sales mid-to-high teens, saw low double digits
- Sees YR adj. oper profit margin near bottom of target range
- Sees restructuring costs $300M to $350M in 2026
- Shares jump 5.8% after 2Q revenue beats estimates