Caterpillar (CAT) Projected to Announce Quarterly Earnings on Tuesday

Caterpillar (NYSE:CAT) is expected to be releasing its Q2 2026 results before the market opens on Tuesday, August 4th. Analysts expect Caterpillar to announce earnings of $6.22 per share and revenue of $19.3352 billion for the quarter. Individuals can find conference call details on the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Tuesday, August 4, 2026 at 8:30 AM ET.

Caterpillar (NYSE:CAT) last released its earnings results on Thursday, April 30th. The industrial products company reported $5.54 EPS for the quarter, topping the consensus estimate of $4.65 by $0.89. Caterpillar had a net margin of 13.33% and a return on equity of 48.21%. The firm had revenue of $17.41 billion for the quarter, compared to the consensus estimate of $16.53 billion. During the same quarter in the previous year, the firm earned $4.25 earnings per share. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. On average, analysts expect Caterpillar to post $25 EPS for the current fiscal year and $31 EPS for the next fiscal year.

Caterpillar Price Performance

Shares of NYSE:CAT opened at $873.54 on Tuesday. The firm has a market cap of $402.34 billion, a price-to-earnings ratio of 43.48, a P/E/G ratio of 1.74 and a beta of 1.57. The firm has a fifty day moving average price of $929.10 and a 200 day moving average price of $807.20. Caterpillar has a fifty-two week low of $405.46 and a fifty-two week high of $1,073.46. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.81 and a current ratio of 1.35.

Caterpillar Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, July 20th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, July 20th. This is an increase from Caterpillar’s previous quarterly dividend of $1.51. Caterpillar’s dividend payout ratio is presently 32.45%.

Key Caterpillar News

Here are the key news stories impacting Caterpillar this week:

• Positive Sentiment: Data-center demand supports the growth narrative. Caterpillar’s construction and power-generation equipment may benefit from rising investment in data centers and the electrical infrastructure needed to support them, helping explain the stock’s roughly 100% one-year gain. Caterpillar Stock Is Up 100% in a Year
• Positive Sentiment: Fundamentals remain strong. Caterpillar’s latest reported quarter exceeded consensus estimates, with earnings per share of $5.54 versus expectations of $4.65 and revenue of $17.42 billion versus $16.53 billion a year earlier. Revenue increased 22.2% year over year, providing support for the long-term investment case.
• Neutral Sentiment: Investors are weighing whether the rally can continue. Caterpillar has more than doubled over the past year and gained approximately 364% over five years. Forecasts for another major advance remain optimistic, but the stock’s substantial run-up raises the bar for future earnings and cash-flow growth. Will CAT’s Rally Continue?
• Neutral Sentiment: Valuation signals are mixed. A discounted-cash-flow analysis reportedly places CAT near fair value, while earnings-based measures appear more attractive. With a reported P/E ratio above 43, valuation could limit near-term upside despite solid operating momentum. CAT Stock Looks Slightly Above Fair Value
• Negative Sentiment: Rare-earth export restrictions introduce supply-chain risk. China’s tighter controls on rare-earth materials used in magnets could raise costs or disrupt availability of components used in Caterpillar’s motors, sensors and control systems. The eventual impact is uncertain, but the issue may pressure margins or require alternative sourcing. Caterpillar Faces Rare Earth Squeeze
• Negative Sentiment: Analyst and investor caution weighed on sentiment. Erste Group Bank downgraded Caterpillar from “buy” to “hold,” while investor Michael Burry’s reported short position benefited from the recent pullback. These developments reinforce concerns that expectations may have become too optimistic after the sharp rally.

Analyst Upgrades and Downgrades

Several research analysts have commented on CAT shares. Robert W. Baird increased their price objective on shares of Caterpillar from $1,165.00 to $1,200.00 and gave the company an “outperform” rating in a report on Friday, June 26th. Wall Street Zen upgraded Caterpillar from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. JPMorgan Chase & Co. increased their price target on Caterpillar from $1,125.00 to $1,165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 17th. Argus raised their price target on Caterpillar from $820.00 to $990.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Jefferies Financial Group lifted their price objective on Caterpillar from $900.00 to $1,045.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Fourteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $980.57.

Insider Activity at Caterpillar

In other Caterpillar news, insider Denise C. Johnson sold 12,605 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $907.91, for a total transaction of $11,444,205.55. Following the transaction, the insider owned 49,825 shares in the company, valued at $45,236,615.75. The trade was a 20.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Anthony D. Fassino sold 16,283 shares of Caterpillar stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $916.80, for a total transaction of $14,928,254.40. Following the transaction, the insider directly owned 46,041 shares of the company’s stock, valued at approximately $42,210,388.80. This represents a 26.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 95,773 shares of company stock valued at $87,642,635 over the last three months. Corporate insiders own 0.33% of the company’s stock.

Institutional Trading of Caterpillar

A number of large investors have recently made changes to their positions in the stock. Ankerstar Wealth LLC bought a new stake in shares of Caterpillar during the fourth quarter valued at approximately $43,000. Strive Financial Group LLC bought a new stake in Caterpillar during the 4th quarter valued at $45,000. IFC & Insurance Marketing Inc. bought a new stake in Caterpillar during the 4th quarter valued at $46,000. Osterweis Capital Management Inc. purchased a new stake in shares of Caterpillar in the 4th quarter worth $52,000. Finally, Advocate Investing Services LLC bought a new position in shares of Caterpillar during the 4th quarter worth $57,000. 70.98% of the stock is owned by hedge funds and other institutional investors.

Caterpillar Company Profile

Caterpillar Inc is a global manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and locomotives. The company’s product portfolio includes earthmoving machines such as excavators, bulldozers, wheel loaders and off‑highway trucks, as well as a range of power generation products including generator sets and power systems for industrial and commercial use. Caterpillar serves customers across heavy construction, mining, energy, transportation and related industries with both equipment and integrated technology solutions.

In addition to manufacturing, Caterpillar provides a broad range of aftermarket parts and support services, including maintenance, repair, remanufacturing and fleet management tools.