CAT · Earnings call · 2026Q3T · Full report

Operating Expense Trends

CATERPILLAR INC · 2026-10-29 · Importance 32 · Surprise 24

Construction Industries reported higher SG&A and R&D expenses in the third quarter, related to digital and technology investments. For the fourth quarter, Caterpillar expects enterprise SG&A and R&D expenses to be higher year over year as it continues strategic investment aligned with its 2030 goals. Full-year 2026 SG&A and R&D are also expected to be higher, alongside manufacturing costs tied to capacity expansion and freight.