Caterpillar Inc.: EPS $7.20 vs $7.06 expected; revenue $20.7B vs $20.8B
Key Facts
Q3 FY2026 results
| Metric | Actual | Estimate | Surprise | Year ago |
|---|---|---|---|---|
| EPS (USD) | 7.20 | 7.06 | +2.0% | 4.95 |
| Revenue (USD bn) | 20.68 | 20.76 | −0.4% | 17.64 |
Recent reports: actual vs estimate
| Reported | Period | EPS (USD) | Estimate | Surprise | Revenue (USD bn) | Estimate | Surprise |
|---|---|---|---|---|---|---|---|
| Oct 29, 2026 | Q3 FY2026 | 7.20 | 7.06 | +2.0% | 20.68 | 20.76 | −0.4% |
| Aug 4, 2026 | Q2 FY2026 | 8.17 | 6.22 | +31.4% | 20.54 | 19.34 | +6.2% |
| Apr 30, 2026 | Q1 FY2026 | 5.54 | 4.65 | +19.1% | 17.42 | 16.53 | +5.4% |
| Jan 29, 2026 | Q4 FY2025 | 5.16 | 4.71 | +9.6% | 19.13 | 17.85 | +7.2% |
| Oct 29, 2025 | Q3 FY2025 | 4.95 | 4.53 | +9.3% | 17.64 | 16.77 | +5.2% |
| Aug 5, 2025 | Q2 FY2025 | 4.72 | 4.89 | −3.5% | 16.57 | 16.30 | +1.6% |
| Apr 30, 2025 | Q1 FY2025 | 4.25 | 4.35 | −2.3% | 14.25 | 14.72 | −3.2% |
| Jan 30, 2025 | Q4 FY2024 | 5.14 | 5.06 | +1.6% | 16.22 | 16.61 | −2.4% |
Source: Figures from the EL7 database. Estimates are the analyst consensus carried by our data vendor (FMP), not official figures.
Caterpillar Inc. results: EPS $7.20 vs $7.06 expected; revenue $20.7B vs $20.8B. The results cover the company's Q3 FY2026. EPS came in above analysts' estimate by 2.0%; revenue below the estimate by 0.4%.
Revenue was up 17.3% from $17.6 billion a year earlier (Q3 FY2025). EPS was up 45.5% from $4.95 a year earlier. On its record, EPS topped analysts' estimates in 5 of 7 earlier comparable reports.
What the results mean
Caterpillar Inc. combines construction and mining equipment with power and propulsion systems, linking its business to customer spending on projects and machinery. Interpreting the results therefore requires understanding the contribution of these different activities, since construction equipment demand has different drivers from mining and power generation needs.
The business also includes components, fleet management and autonomous operating solutions alongside equipment sales. This variety makes the product and service mix relevant to profitability, but the available information does not identify each activity's contribution or the reasons for changes in performance.
What to watch on the earnings call: Listen for management's discussion of demand for construction and mining equipment and power systems, and how customer spending decisions affect equipment purchases. Its explanation of how the product and service mix and costs shape margins also deserves attention.
For the full analysis of Caterpillar Inc. stock — valuation, scores and financial statements — see the stock page linked with this story.