CAT · 10-Q · 2026Q3 · Full report
Revenue Performance and Mix
CATERPILLAR INC · 2026-11-04 · Importance 54 · Surprise 40 · In source text
Third-quarter 2026 sales and revenues rose 17% year over year to $20.682 billion, as volume added $2.2 billion and favorable price realization added $663 million. For the nine months ended September 30, 2026, sales and revenues increased 21% to $58.640 billion, driven by $7.6 billion of higher volume and $1.7 billion of favorable price realization. Higher equipment sales to end users were the principal volume driver in both periods, and nine-month dealer inventory increased $3.5 billion versus $900 million in the prior-year period.
Key facts
- For the nine months ended September 30, 2026, total sales and revenues were $58.640 billion, up $10.184 billion or 21% from $48.456 billion in the comparable 2025 period. source
- Third-quarter 2026 total sales and revenues were $20.682 billion, up $3.044 billion or 17% from $17.638 billion in third-quarter 2025. source
- Third-quarter 2026 sales rose primarily due to $2.2 billion of higher sales volume and $663 million of favorable price realization. source
- Sales growth for the nine months ended September 30, 2026 was primarily due to $7.6 billion of higher sales volume and $1.7 billion of favorable price realization. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +49.2% | For the nine months ended September 30, 2026, total sales and revenues were $58.640 billion, up $10.184 billion or 21% from $48.456… |
| revenue | positive | realized | +45.0% | Sales growth for the nine months ended September 30, 2026 was primarily due to $7.6 billion of higher sales volume and $1.7 billion of… |