CAT · News · 20260904N

Power Generation and Data Centers

CATERPILLAR INC · 2026-09-04 · Importance 82 · Surprise 82

Third-party reporting describes unprecedented demand for Caterpillar power-generation equipment as AI data centers increase electricity requirements. Demand is reportedly shifting from backup-generation applications toward prime power, broadening the opportunity in the data-center market. Caterpillar’s backlog is described as more than 2.4 times the prior year’s revenue, with orders extending to 2030. The reports identify Power & Energy as a growing contributor to demand and emphasize multi-year order visibility.

Key facts

• One report said Caterpillar had fallen nearly 30% from its recent high. source