| CAT |
Report |
Adjusted EPS (Q2 2026) |
BEAT |
pred ~$6.45 vs. cons $6.20 |
MEDIUM |
| CAT |
Report |
Total revenue (Q2 2026) |
BEAT |
pred ~$19.6B vs. cons $19.2B |
MEDIUM |
| CAT |
Report |
Power & Energy segment sales (Q2 2026) |
BEAT |
pred ~$7.3B vs. cons ~$7.0B |
MEDIUM |
| CAT |
Guide |
Total backlog (end-Q2 2026) |
BETTER |
guide ~$66B vs. cons ~$63B (Q2-end, vs Q1 record $63B) |
MEDIUM |
| CAT |
Guide |
FY2026 sales growth outlook |
BETTER |
guide ~low-double-digit ~11% vs. cons ~10% (FY2026) |
MEDIUM |
| CAT |
Guide |
Q2 tariff cost headwind |
UNCHANGED |
guide ~$700M vs. cons ~$700M (Q2 2026) |
MEDIUM |
| CAT |
Guide |
Resource Industries segment margin |
LOWER |
guide ~10-11% vs. cons ~12% (Q2 2026, down Y/Y) |
MEDIUM |
| CAT |
Guide |
ME&T free cash flow |
BETTER |
guide >$9.5B vs. cons ~$9.5B (FY2026) |
LOW |
| CAT |
Return |
Day-1 residual (stock − beta × S&P 500) |
+3.5% |
— |
MEDIUM |
| CAT |
Return |
5-day cumulative residual |
+1.5% (FADE) |
Expect a relief rally on day 1: EPS/revenue beat plus a continued backlog build off the record $63B and reassuring data-center commentary against cooled, post-22%-pullback expectations. But the stock still trades ~33x FY26 EPS with an active AI/data-center regulatory overhang (Baird cut to $900), CI dealer-inventory tailwind reversing, ~$700M tariff drag and lower RI margins. Out-period math is only modestly accretive — a beat doesn't push FY estimates up much once CI normalization and tariffs are baked in — so the initial pop partially fades as profit-taking and valuation skepticism reassert into day 5. |
LOW |