CAT · News · 20261104N

Order Backlog and Book-to-Bill

CATERPILLAR INC · 2026-11-04 · Importance 88 · Surprise 82 · In source text

Caterpillar reported a record $78 billion backlog, approximately 96% higher year over year. All three primary segments posted sequential backlog growth for the fourth consecutive quarter, indicating broad-based order strength. Power-generation demand is particularly strong, supported by data centers, cloud computing, and AI infrastructure. Caterpillar is accepting certain large reciprocating-engine orders into 2029 and turbine orders into 2030.

Key facts

• Caterpillar reported a record $78 billion backlog, up approximately 96% year over year. source
• The article described Caterpillar’s $78.1 billion backlog as meeting capacity constraints. source
• Caterpillar is accepting certain large reciprocating engine orders into 2029 and turbine orders into 2030. source
• All three of Caterpillar’s primary segments recorded sequential backlog growth for the fourth consecutive quarter. source
• Caterpillar’s power generation demand remains particularly strong, supported by data centers, cloud computing and artificial intelligence infrastructure. source

Impact estimates