Stock AnalizCaterpillar (CAT) earnings for the quarter ended September 2026: EPS beats estimates
Caterpillar reported results for the quarter ended September 2026 on October 29, 2026. Adjusted earnings per share came in at $7.20 against the analysts’ average forecast of $7.03, a beat of 2.4%.
Revenue for the quarter was $20.68 billion, up 17.3% from $17.64 billion in the same quarter a year earlier.
The market’s verdict: the stock fell 9.2% on the first trading day after the report.
The last four quarters
Caterpillar has beaten the analysts’ EPS forecast in 4 of the last 4 quarters.
| Quarter | EPS | Forecast | Surprise | Revenue growth | Price reaction |
|---|---|---|---|---|---|
| Sep 2026 | $7.20 | $7.03 | +2.4% | +17% | −9.2% |
| Jun 2026 | $8.17 | $6.20 | +31.8% | +24% | +5.0% |
| Mar 2026 | $5.54 | $4.64 | +19.3% | +22% | +9.8% |
| Dec 2025 | $5.16 | $4.71 | +9.5% | +18% | +2.2% |
What comes next
Analysts expect EPS of $6.44 for the next quarter on average and $27.11 for the fiscal year ending December 31, 2026.
The average analyst price target is $823.41, 37% above the current price of $600.20.
Valuation and score
Caterpillar scores 3.4 out of 5 overall on Stock Analiz (good, with some weak spots), trades at a trailing P/E of about 23.5, and its intrinsic value under moderate assumptions is about 6% above the current market value. Full Caterpillar analysis with 10 years of financials
Frequently asked questions
What was Caterpillar’s EPS for the quarter ended September 2026?
$7.20 adjusted per share, against an analyst consensus of $7.03.
How much revenue did Caterpillar report?
$20.68 billion, up 17.3% year over year.
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This report was written automatically from the published numbers within hours of the release. It is information, not investment advice.