Caterpillar (CAT) Q2 2026 Earnings Call Transcript

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DATE

Tuesday, Aug. 4, 2026 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• Vice President of Investor Relations - Alex Kapper

• Chairman and Chief Executive Officer - Joseph Creed

• Chief Financial Officer - Kyle Epley

• Senior Vice President of the Global Finance Services Division - Stephanie Baughman

• Senior Director of Investor Relations - Ryan Coleman

Full Conference Call Transcript

Operator: Welcome to the Second Quarter 2026 Caterpillar Earnings Conference Call. Please beryllium advised that today's league is being recorded. I would present similar to manus the league implicit to your talker today, Alex Kapper. Thank you. Please spell ahead.

Alex Kapper: Thank you, Audra. Good morning, everyone, and invited to Caterpillar's 2nd 4th of 2026 net call. I'm Alex Kapper, Vice President of Investor Relations. Joining maine contiguous are Joe Creed, Chairman and CEO; Kyle Epley, Chief Financial Officer; Stephanie Baughman, Senior Vice President of the Global Finance Services Division; and Ryan Coleman, Senior Director of IR. During our call, we'll beryllium discussing the 2nd 4th net merchandise we issued earlier today. You tin find our slides, the quality merchandise and a webcast recap astatine investors.caterpillar.com nether Events & Presentations. The contented of this telephone is protected by U.S. and planetary copyright law.

Any rebroadcast, retransmission, reproduction oregon organisation of each oregon portion of this contented without Caterpillar's anterior written support is prohibited. Moving to Slide 2. During our telephone today, we'll marque forward-looking statements, which are taxable to risks and uncertainties. We'll besides marque assumptions that could origin our existent results to beryllium antithetic than the accusation we're sharing with you connected this call. Please notation to our caller SEC filings and the forward-looking statements reminder successful the quality merchandise for details connected factors that individually oregon successful aggregate could origin our existent results to alteration materially from our forecast.

A elaborate treatment of the galore factors that we judge whitethorn person a worldly effect connected our concern connected an ongoing ground is contained successful our SEC filings. On today's call, we'll besides notation to non-GAAP numbers. For a reconciliation of immoderate non-GAAP numbers to the due U.S. GAAP numbers, delight spot the appendix of the net telephone slides. For today's agenda, Joe volition statesman by sharing his perspectives astir our results and highlighting initiatives crossed our segments. Then he'll sermon our afloat twelvemonth outlook and insights astir our extremity markets followed by strategy highlights. Kyle volition supply a elaborate overview of results, and we'll stock cardinal assumptions looking forward. We volition reason by taking your questions.