CAT · 10-Q · 2026Q3 · Full report

Order Backlog and Book-to-Bill

CATERPILLAR INC · 2026-11-04 · Importance 61 · Surprise 32 · In source text

At September 30, 2026, Caterpillar’s firm order backlog was approximately $78.1 billion, about $6.0 billion higher than at the end of the second quarter of 2026. Backlog increased across all three primary segments, with the largest increase in Power & Energy. Approximately $32.6 billion of the September 30 backlog was not expected to be filled in the following twelve months.

Key facts

• Caterpillar's firm order backlog was approximately $78.1 billion at the end of the third quarter of 2026, about $6.0 billion higher than at the end of the second quarter. source
• Approximately $32.6 billion of Caterpillar's backlog at September 30, 2026 was not expected to be filled in the following twelve months. source
• Caterpillar expects strong order rates across its three primary segments to drive backlog growth in 2026. source
• Caterpillar's backlog increased across the three primary segments, with the largest increase in Power & Energy. source

Impact estimates