Caterpillar stock pops 9% on record quarterly revenue

What happened: Caterpillar (CAT) banal jumped 10% successful premarket trading connected Tuesday.

What's down the move: The dense instrumentality shaper reported 2nd 4th income and revenues accrued 24% to $20.5 billion.

"This is the archetypal clip successful institution past that we person generated implicit $20 cardinal successful income and revenues successful a azygous quarter," Caterpillar CEO Joe Creed said.

The results were powered by beardown bid rates and a increasing backlog crossed each 3 of the company's superior segments.

Caterpillar's backlog roseate to $72.1 billion, up 92% from the aforesaid clip past year.

What other you request to know: Caterpillar has go a victor of the AI commercialized by providing the monolithic powerfulness infrastructure required to support information centers running.

Operating nett borderline was 20.9% for the 2nd 4th of 2026, compared with 17.3% for the 2nd 4th of 2025.

The banal is up 38% twelvemonth to date, helping buoy the Dow Jones Industrial Average (DJI) to grounds highs.

Ines Ferre is simply a elder concern newsman for Yahoo Finance. Follow her connected X astatine @ines_ferre.

Click present for an in-depth investigation of the latest banal marketplace quality and events moving banal prices

Read the latest fiscal and concern quality from Yahoo Finance