Power & Energy
Q2 2026 segment sales rose 17% to $8.2 billion, and power generation is the part of the business tied to data-center demand.
The numbers
What it is
Engines, gas turbines (Solar Turbines) and generator sets for prime power, standby power and grid support. Customers include data-center developers that need power before grid connections are ready.
Why it matters to the stock. Power generation is the fastest-growing part of the business and the one most tied to AI-driven electricity demand, so its order and capacity trends drive the stock more than the older equipment lines.
News
Caterpillar Q2 2026: sales up 24% to $20.5 billion, adjusted EPS $8.17
Caterpillar reported second-quarter 2026 sales and revenues of $20.5 billion, up 24% from a year earlier, with power generation for data centers and construction equipment leading the growth.
Caterpillar Q1 2026: sales up 22% to $17.4 billion, EPS $5.47
Caterpillar reported first-quarter 2026 sales and revenues of $17.415 billion, up 22% from $14.249 billion, with profit per share of $5.47 against $4.20.
Caterpillar Q4 2025: sales up 18% to $19.1 billion, record backlog
Caterpillar reported fourth-quarter 2025 sales and revenues of $19.1 billion, up 18% from $16.2 billion a year earlier.