Caterpillar Inc. (CAT) beat expectations in Q2 FY2026 on revenue of $20.5B versus the $19.3B estimate (+24.0% YoY) and EPS of $8.17. The next Caterpillar Inc. (CAT) earnings date is Nov 4, 2026. Below is the full Caterpillar Inc. earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
Caterpillar Inc. (CAT) Earnings Analysis — key stats
Next earnings date
Nov 4, 2026
Latest reported quarter
Q2 FY2026
Earnings verdict
Beat
EPS beat rate
4 of last 8 (quarters above estimate)
Avg next-day move
±5.0% (over the last 8 reports)
Post-earnings direction
Up 5 / Down 3 (of the last 8 reports)
Implied move (next report)
±21.6% (options-derived · into Nov 4, 2026)
Institutional ownership
233.2% (13F as of 2026-06-30)
Top 10 holders
37.0% (of shares outstanding)
Insider activity
11 buys / 0 sells (recent Form 4 filings)
Revenue
$20.5B (vs $19.3B est · +6.2% surprise · +24.0% YoY)
EPS
$8.17 (vs $6.22 est · +31.4% surprise · +68.1% YoY)
Share price
$811.02 (-2.0%)
Market cap
$373.6B
Caterpillar Inc. (CAT) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$20.5B vs $19.3B est
$8.17 vs $6.22 est
+31.4%
+4.9%
Beat
Q2 FY2026
$17.4B vs $16.5B est
$5.54 vs $4.65 est
+19.1%
+9.8%
Beat
Q1 FY2026
$19.1B vs $17.9B est
$5.16 vs $4.71 est
+9.6%
+2.2%
Beat
Q4 FY2025
$17.6B vs $16.8B est
$4.95 vs $4.53 est
+9.3%
+11.2%
Beat
Q3 FY2025
$16.6B vs $16.3B est
$4.72 vs $4.89 est
-3.5%
-1.4%
Mixed
Q2 FY2025
$14.2B vs $14.7B est
$4.25 vs $4.35 est
-2.3%
+2.1%
Miss
Q1 FY2025
$16.2B vs $16.6B est
$5.14 vs $5.06 est
+1.6%
-5.5%
Mixed
Q4 FY2024
$16.1B vs $16.4B est
$5.17 vs $5.34 est
-3.2%
-2.9%
Mixed
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
Blackrock, INC.
8.2%
38.0M
$40.5B
+2.2%
State Street Corp
7.4%
34.4M
$36.6B
-1.4%
Vanguard Capital Management LLC
6.5%
30.1M
$32.0B
-0.5%
State Farm Mutual Automobile Insurance CO
3.1%
14.5M
$15.5B
-0.4%
Vanguard Portfolio Management LLC
2.6%
12.0M
$12.8B
+2.7%
Geode Capital Management, LLC
2.4%
11.2M
$11.9B
+0.4%
Fisher Asset Management, LLC
2.1%
9.9M
$10.6B
+1.7%
Morgan Stanley
1.6%
7.5M
$8.0B
+0.1%
Jpmorgan Chase & CO
1.6%
7.3M
$7.6B
+149.1%
Bill & Melinda Gates Foundation Trust
1.4%
6.4M
$6.8B
+0.0%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
GOOD LYNN J
director
2026-08-01
Other
0
—
Epley Kyle Joseph
officer: Chief Financial Officer
2026-07-24
Buy
7
—
Epley Kyle Joseph
officer: Chief Financial Officer
2026-07-24
Buy
5
—
Kaiser Jason
officer: Group President
2026-07-24
Buy
10
—
Creed Joseph E
officer: Chief Executive Officer
2026-07-24
Buy
18
—
MacLennan David
director
2026-06-30
Buy
22
—
Kaiser Jason
officer: Group President
2026-06-26
Buy
5
—
Creed Joseph E
officer: Chief Executive Officer
2026-06-26
Buy
16
—
What you'll find
Next Caterpillar Inc. (CAT) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment Caterpillar Inc. reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in Caterpillar Inc. (CAT)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is Caterpillar Inc.'s next earnings date?
Caterpillar Inc.'s (CAT) next scheduled earnings date is Nov 4, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did Caterpillar Inc. (CAT) beat or miss earnings?
In Q2 FY2026, Caterpillar Inc. (CAT) posted beat results — revenue of $20.5B versus the $19.3B estimate (+6.2% surprise) and EPS of $8.17 versus $6.22 expected (+31.4% surprise). Magnisto decodes every Caterpillar Inc. (CAT) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Caterpillar Inc. beat earnings estimates?
Over its last 8 reported quarters, Caterpillar Inc. (CAT) beat Wall Street EPS estimates 4 times, most recently a beat result in Q3 FY2026. Magnisto tracks every Caterpillar Inc. (CAT) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does Caterpillar Inc. stock move after earnings?
Over its last 8 quarterly reports, Caterpillar Inc. (CAT) moved an average of ±5.0% the day after earnings — ranging from -5.5% (Q1 FY2025) to +11.2% (Q4 FY2025). The stock rose after 5 of those 8 reports and fell after 3. Heading into its next report on Nov 4, 2026, options-implied volatility is pricing in a move of roughly ±21.6% (derived). Magnisto tracks the realized post-earnings move for every Caterpillar Inc. (CAT) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Caterpillar Inc.?
Institutions hold about 233.2% of Caterpillar Inc.'s (CAT) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Blackrock, INC. (8.2%), State Street Corp (7.4%), Vanguard Capital Management LLC (6.5%). Magnisto lists Caterpillar Inc.'s (CAT) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Caterpillar Inc. (CAT)?
In the most recent Form 4 filings Magnisto tracks, Caterpillar Inc. (CAT) insiders recorded 11 purchases and 0 sales — net buying. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for Caterpillar Inc. (CAT) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Caterpillar Inc. (CAT), anchored to the current $811.02 share price, so you can weigh the bull, base and bear cases for Caterpillar Inc. side by side.
Is Caterpillar Inc. (CAT) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether Caterpillar Inc. fits your own thesis and risk profile. This is research, not investment advice.