Caterpillar Reports First-Quarter 2026 Results

About this update from Caterpillar, Inc.

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","length":102,"tagName":"p","attribs":{}}]}]}],"length":102},{"type":"text","content":" IRVING, Texas , April 30, 2026 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) announced first-quarter 2026 results.","length":112,"tagName":"p"},{"type":"image","alt":"Caterpillar Inc (PRNewsfoto/Caterpillar Inc.)","displaySize":"","headline":null,"caption":"Caterpillar Inc (PRNewsfoto/Caterpillar Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":62,"url":"https://media.zenfs.com/en/prnewswire.com/28b15b8f0ac82b6a42408cae731a5551"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/wB.2SveFe2GCzQc_26JiFQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEwOQ--/https://media.zenfs.com/en/prnewswire.com/28b15b8f0ac82b6a42408cae731a5551","width":400,"height":62}},"href":"https://mma.prnewswire.com/media/1978047/Caterpillar_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Our team delivered a strong start to the year, driven by resilient end markets and disciplined execution in a dynamic operating environment," said Caterpillar Chairman and CEO Joe Creed. "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."","length":464,"tagName":"p"},{"type":"text","content":"Sales and revenues for the first quarter of 2026 were $17.4 billion, a 22% increase compared with $14.2 billion in the first quarter of 2025. The increase was primarily due to higher sales volume of $2.3 billion and favorable price realization of $426 million.","length":260,"tagName":"p"},{"type":"text","content":"Operating profit margin was 17.7% for the first quarter of 2026, compared with 18.1% for the first quarter of 2025. Adjusted operating profit margin was 18.0% for the first quarter of 2026, compared with 18.3% for the first quarter of 2025. First-quarter 2026 profit per share was $5.47, compared with first-quarter 2025 profit per share of $4.20. Adjusted profit per share in the first quarter of 2026 was $5.54, compared with first-quarter 2025 adjusted profit per share of $4.25. For the first quarter of 2026 and 2025, adjusted operating profit margin and adjusted profit per share excluded restructuring costs.","length":615,"tagName":"p"},{"type":"text","content":"For the first quarter of 2026, enterprise operating cash flow was $1.9 billion, and the company ended the first quarter with $4.1 billion of enterprise cash. In the quarter, the company deployed $5.0 billion of cash for repurchases of Caterpillar common stock and $0.7 billion of cash for dividends.","length":299,"tagName":"p"},{"type":"text","content":" CONSOLIDATED RESULTS ","length":20,"tagName":"p"},{"type":"text","content":" Consolidated Sales and Revenues ","length":31,"tagName":"p"},{"type":"text","content":" Consolidated Sales and Revenues Comparison First Quarter 2026 vs. First Quarter 2025 ","length":104,"tagName":"p"},{"type":"text","content":" To access this chart, go to  https://investors.caterpillar.com/financials/quarterly-results/default.aspx  for the downloadable version of Caterpillar first-quarter 2026 earnings.  ","length":196,"tagName":"p"},{"type":"readMore"},{"type":"text","content":"The chart above graphically illustrates reasons for the change in consolidated sales and revenues between the first quarter of 2025 (at left) and the first quarter of 2026 (at right). Caterpillar management utilizes these charts internally to visually communicate with the company's board of directors and employees.","length":320,"tagName":"p"},{"type":"text","content":"Total sales and revenues for the first quarter of 2026 were $17.415 billion, an increase of $3.166 billion, or 22%, compared with $14.249 billion in the first quarter of 2025. The increase was primarily due to higher sales volume of $2.3 billion and favorable price realization of $426 million. Higher sales volume was mainly driven by the impact from changes in dealer inventories and higher sales of equipment to end users. Dealer inventory increased more during the first quarter of 2026 than during the first quarter of 2025.","length":529,"tagName":"p"},{"type":"text","content":"Sales were higher across the three primary segments.","length":52,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"16","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;","val":[{"type":"text","content":" Sales and Revenues by Segment ","length":29,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:LEFT;","val":[{"type":"text","content":" (Millions   of   dollars) ","length":31,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:CENTER;","val":[{"type":"text","content":" First Quarter 2025 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