Caterpillar forecasts 2026 sales, revenue growth in mid-to-high teens
CAT•Second-quarter performance and backlog
The outlook follows 2Q 2026 sales and revenues of $20.5 billion, up 24%, with order backlog at $72 billion, up 92%.
2026 outlook lifted
Caterpillar lifted its full-year 2026 sales and revenues outlook to mid-to-high teens growth versus 2025.
Adjusted operating profit margin is seen near the bottom of its annual target range, excluding IEEPA tariff recoveries.
Tariff costs are forecast at around $2.2 billion for 2026, excluding IEEPA tariff recoveries.
MP&E free cash flow is expected in the top half of the $6 billion to $15 billion annual target range.
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