Caterpillar reported third-quarter results on October 29, 2026, with adjusted EPS of $7.20 beating the $7.04 consensus, while revenue of $20.68 billion was nearly in line with the $20.69 billion estimate. The stock still fell 9% before the open to $647.90, after dropping 13% in the month before the report. Revenue rose 17.3%, and Power Generation sales reached $3.421 billion, up 30%, driven by turbines and large reciprocating engines sold to data centers; operating profit included $128 million of IEEPA tariff refunds. The company gave no numeric guidance and no dollar figure for its record backlog, only repeating the $72 billion cited in August. The article notes that Vertiv and GE Vernova also slipped before the open despite big beats on October 28, when Vertiv had risen 16% after raising its full-year revenue guidance.
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Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/28/2026 | 215.39 |
| Change that session | -1.17% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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