CAT · News · 20261106N

Order Backlog and Book-to-Bill

CATERPILLAR INC · 2026-11-06 · Importance 69 · Surprise 64 · In source text

Caterpillar’s Q3 2026 order backlog reached a record $78 billion, described as nearly double its prior level. The report said sales growth slowed in the quarter but gave no revenue growth rate or backlog-to-sales conversion schedule. Caterpillar plans to nearly triple large-engine capacity by 2030 to address capacity limits.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
revenuepositiveprobable—Caterpillar's order backlog nearly doubled to a record $78 billion.