Caterpillar Inc

Company facts

Industry

Construction Machinery & Equip

Headquarters

Irving, Texas

Most recent report

8-K, filed Sep 1, 2026

Incorporated

Delaware

Filings on record

1,002+ filings

On EDGAR

CIK 18230

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 11 sections worth reading, with 7 positive, 9 notable, and 1 negative flags.

• Financial Statements (Item 1)

  Core financial results with strong profit growth and key disclosures on IEEPA refunds and buybacks.
  Notable

  • Recorded $392 million of IEEPA tariff recoveries as probable in Q2 2026; remaining $600+ million uncertain.
  • Contract liabilities (customer advances) surged to $7.28 billion at June 30, 2026, from $4.68 billion at year-end 2025.
  • Entered ASR agreements for $5.50 billion total in H1 2026; $1.60 billion still unsettled at June 30.
  • Supplier finance program obligations rose to $1.15 billion at June 30, 2026 from $936 million at year-end 2025.
  • Acquired RPMGlobal for $733 million, adding $546 million goodwill and $200 million intangible assets in Resource Industries.

• Management's Discussion (Item 2)

  MD&A with detailed Q2 results, segment profits, tariff recovery, dividend raise, and outlook.
  Positive

  • Q2 2026 sales $20.543B, +24% YoY, driven by higher volume (+$3.1B) and price (+$595M).
  • Q2 2026 operating profit margin 20.9% vs 17.3% YoY; adjusted margin 21.9%.
  • Q2 2026 GAAP EPS $7.77 (adjusted $8.17) vs $4.62 ($4.72) YoY – profit more than doubled.
  • H1 2026 sales $37.958B (+23%), operating margin 19.4% vs 17.6% YoY.
  • H1 2026 GAAP EPS $13.23 (adjusted $13.70) vs $8.82 ($8.97) YoY.
  • H1 2026 enterprise operating cash flow $6.2B, up $1.83B YoY.
  • Board approved 8% dividend increase to $1.63 per share in June 2026.
  Notable

  • Full-year 2026 sales growth forecast raised to mid-to-high teens (from low double digits).
  • Recorded $392M expected IEEPA tariff recoveries in Q2 via CAPE system – a one-time benefit.
  • $6.522B stock repurchases in H1; $8.415B remained of $20B authorization at June 30.
  • Order backlog $72.1B at Q2 end, up $9.4B from Q1, led by Power & Energy.
  Negative

  • Resource Industries H1 profit fell 10% to $1.071B, hit by $376M in tariff costs.

What changed: Jun 2026 vs. Mar 2026

About 16% of CAT's Jun 2026 10-Q is new information. 86 paragraphs were added, 188 changed, and 34 removed. Below are the most important lines SECSift identified.

• Item 2 144
• Item 1 63
• Item 6 4
• Item 4 1
• Item 5 1