CAT · 10-Q · 2026Q2 · Full report

Geographic Revenue Shift

CATERPILLAR INC · 2026-08-05 · Importance 58 · Surprise 56 · In source text

North America was the strongest reported region, with second-quarter sales up 39% and six-month sales up 37%, supported by higher equipment sales to end users, favorable price realization and dealer inventory changes. Latin America sales increased 10% in the quarter and 7% year to date, primarily from higher end-user equipment volume. EAME sales rose 15% in the quarter and 17% year to date, while Europe was expected to remain stable and Africa construction activity was projected to remain strong. Asia/Pacific sales increased 4% in the quarter and year to date, although the company described softer conditions outside China and moderate conditions in China, with growth expected in China’s above-10-ton excavator industry.

Key facts

• Six months North America sales increased 37% primarily due to higher sales volume and favorable price realization; dealer inventory increased more during the six months ended June 30, 2026 than during the six months ended June 30, 2025. source
• Six months EAME sales increased 17% primarily due to higher sales volume and favorable currency impacts mainly related to the euro; dealer inventory increased more during the six months ended June 30, 2026 than during the six months ended June 30, 2025. source
• North America sales increased 39% in Q2 2026 due to higher sales volume and favorable price realization. source
• Sales increased 10% in Latin America in Q2 2026 primarily due to higher sales volume. source
• EAME sales increased 15% in Q2 2026 mainly due to higher sales volume and favorable currency impacts primarily related to the euro. source
• Asia/Pacific sales increased 4% in Q2 2026 primarily due to favorable currency impacts mainly related to the Australian dollar and favorable price realization. source

Impact estimates