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Did Caterpillar Beat Earnings?
Caterpillar (CAT) reported Q1 '26 revenue of $17.4B, up 22.2% year-over-year, with reported EPS of $5.47. That topped the $4.57 analyst estimate by 19.7% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Caterpillar’s job postings, web traffic, and employee business outlook. See the full CAT stock analysis or the earnings calendar for upcoming reports.
CAT Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q1 '26 | $4.57 | $5.47 | Beat +19.7% |
| Q4 '25 | $4.71 | $5.16 | Beat +9.6% |
| Q3 '25 | $4.52 | $4.95 | Beat +9.5% |
| Q2 '25 | $4.79 | $4.62 | Missed -3.5% |
| Q1 '25 | $4.34 | $4.20 | Missed -3.2% |
| Q4 '24 | $5.03 | $5.14 | Beat +2.2% |
Caterpillar Quarterly Financial Trends
| Metric | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16.7B | 16.1B | 16.2B | 14.2B | 16.6B | 17.6B | 19.1B | 17.4B |
| Gross margin | 37.3% | 35.4% | 34.3% | 34.8% | 33.0% | 33.8% | 28.6% | 35.1% |
| Operating margin | 20.9% | 19.5% | 18.0% | 18.1% | 17.6% | 17.3% | 13.9% | 17.7% |
| Net income | 2.68B | 2.46B | 2.79B | 2B | 2.18B | 2.29B | 2.4B | 2.55B |
| Net margin | 16.1% | 15.3% | 17.2% | 14.1% | 13.2% | 13.0% | 12.5% | 14.6% |
| EPS | $5.99 | $5.17 | $5.14 | $4.20 | $4.62 | $4.95 | $5.16 | $5.47 |
Caterpillar Earnings Trend Analysis
Over the eight quarters from Q2 '24 to Q1 '26, Caterpillar’s quarterly revenue moved from $16.7B to $17.4B. Net margin compressed from 16.1% to 14.6%, against a 35.1% gross margin in the most recent quarter — a read on whether revenue growth is translating into profit. Caterpillar has beaten Wall Street EPS estimates in 5 of its last 8 reported quarters.
When Is Caterpillar’s Next Earnings Date?
Caterpillar reports earnings on a quarterly schedule. Its most recent report covered Q1 '26. For the confirmed upcoming date — and every other company reporting soon — see the CAT earnings calendar.
Frequently Asked Questions: Caterpillar Earnings
Caterpillar's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Caterpillar reported Q1 '26 EPS of $5.47 on revenue of $17.4B (+22.2% YoY). Caterpillar beat estimates, reporting $5.47 vs. the $4.57 estimate.
Caterpillar reported Q1 '26 revenue of $17.4B, up 22.2% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the CAT AI Score.
