CAT · News · 20260808N
Guidance / Outlook
CATERPILLAR INC · 2026-08-08 · Importance 79 · Surprise 76 · In source text
Caterpillar raised its 2026 revenue-growth outlook to the mid-to-high teens percentage range from previously expected low-double-digit growth. Management cited stronger demand for power-generation and construction equipment associated with AI data-center development, alongside a record $72.1 billion order backlog. The company also raised its long-term annual growth target to 6%–9% through 2030, with orders reportedly extending into 2029 and 2030.
Key facts
- CEO Joe Creed raised the long-term annual growth target to between 6% and 9% through 2030 source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | — | CEO Joe Creed raised the long-term annual growth target to between 6% and 9% through 2030 |