CAT · Earnings call · 2026Q3T · Full report

Power Generation Capacity Expansion

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

Management said customer discussions were unchanged from the prior quarter and described continuing momentum in standby diesel backup, supported by cloud-compute and AI demand. It said installed capacity is fungible across prime-power and diesel applications when orders are visible, while gas compression demand at Solar Turbines and in reciprocating engines is strong. Capacity also supports marine, large-engine and mining applications, as well as aftermarket services as the field population grows; management said the capacity plan is aligned with its 2030 goals.

Key facts

• Caterpillar plans to increase large reciprocating engine capacity to nearly three times its 2024 level by 2030.
• Caterpillar said its capacity is aligned with what it plans to have in place to meet its goals in 2030.