Caterpillar reported second-quarter 2026 sales and revenues of approximately $20.5 billion, up 24% year over year and exceeding $20 billion for the first time in the company's history, while its order backlog surged 92% to a record $72 billion. Adjusted operating margin expanded to 21.9% from 17.4% a year ago, and operating cash flow rose 94% to around $5.7 billion. The company raised its full-year 2026 revenue growth forecast to the mid-to-high teens from low-double digits, citing healthy demand across all three primary segments, and said 59% of the backlog is expected to be delivered over the next 12 months. Following the results, analysts raised earnings estimates for both 2026 and 2027, with the Zacks Consensus Estimate now projecting 38% earnings growth in 2026 and 21.8% in 2027. The stock currently carries a Zacks Rank #1, or Strong Buy.
Astec Industries Inc
Terex CorporationCaterpillar IncRecord Q2 sales, raised 2026 outlook, and analyst estimate increases.
