CAT

EX-99.1

2 ex991toformcat2q2026earnin.htm

EX-99.1

Document

Exhibit 99.1

Caterpillar Inc.

2Q 2026 Earnings Release

FOR IMMEDIATE RELEASE

Caterpillar Reports Second-Quarter 2026 Results

Second Quarter

($ in billions except profit per share)20262025

Sales and Revenues$20.5$16.6

Profit Per Share$7.77$4.62

Adjusted Profit Per Share$8.17$4.72

Please see a reconciliation of GAAP to non-GAAP financial measures in the appendix on pages 12 and 13.

●Second-quarter 2026 sales and revenues increased 24% to $20.5 billion

●Second-quarter 2026 profit per share of $7.77; adjusted profit per share of $8.17

●Deployed $2.2 billion of cash for share repurchases and dividends in the second quarter

IRVING, Texas, Aug. 4, 2026 – Caterpillar Inc. (NYSE: CAT) announced second-quarter 2026 results.

“This is the first time in company history that we have generated over $20 billion in sales and revenues in a single quarter,” said Caterpillar Chairman and CEO Joe Creed. “This milestone underscores both the essential work our customers do every day and the dedication of Caterpillar employees worldwide to solving our customers’ toughest challenges. Strong order rates and a growing backlog reflect broadening momentum across all three of our primary segments.”

Sales and revenues for the second quarter of 2026 were $20.5 billion, a 24% increase compared with $16.6 billion in the second quarter of 2025. The increase was primarily due to higher sales volume of $3.1 billion and favorable price realization of $595 million.

Operating profit margin was 20.9% for the second quarter of 2026, compared with 17.3% for the second quarter of 2025. Adjusted operating profit margin was 21.9% for the second quarter of 2026, compared with 17.6% for the second quarter of 2025. Second-quarter 2026 profit per share was $7.77, compared with second-quarter 2025 profit per share of $4.62. Adjusted profit per share in the second quarter of 2026 was $8.17, compared with second-quarter 2025 adjusted profit per share of $4.72. For the second quarter of 2026 and 2025, adjusted operating profit margin and adjusted profit per share excluded restructuring costs.

For the second quarter of 2026, enterprise operating cash flow was $4.4 billion, and the company ended the second quarter with $6.7 billion of enterprise cash. In the quarter, the company deployed $1.5 billion of cash for repurchases of Caterpillar common stock and $0.7 billion of cash for dividends.

(more)

2

CONSOLIDATED RESULTS

Consolidated Sales and Revenues

The chart above graphically illustrates reasons for the change in consolidated sales and revenues between the second quarter of 2025 (at left) and the second quarter of 2026 (at right). Caterpillar management utilizes these charts internally to visually communicate with the company’s board of directors and employees.

Total sales and revenues for the second quarter of 2026 were $20.543 billion, an increase of $3.974 billion, or 24%, compared with $16.569 billion in the second quarter of 2025. The increase was primarily due to higher sales volume of $3.1 billion and favorable price realization of $595 million. Higher sales volume was mainly driven by higher sales of equipment to end users.

Sales were higher across the three primary segments.

Sales and Revenues by Segment

(Millions of dollars)Second Quarter 2025Sales VolumePrice RealizationCurrencyInter-Segment / OtherSecond Quarter 2026$ Change% Change

Power & Energy$7,037 $736 $212 $53 $200 $8,238 $1,201 17%

Construction Industries6,190 1,755 309 74 18 8,346 2,156 35%

Resource Industries3,886 639 75 65 (17)4,648 762 20%

All Other Segment85 1 1 — (3)84 (1)(1%)

Corporate Items and Eliminations(1,524)(18)(2)7 (198)(1,735)(211)

Machinery, Power & Energy15,674 3,113 595 199 — 19,581 3,907 25%

Financial Products Segment1,042 — — — 103 1,145 103 10%

Corporate Items and Eliminations(147)— — — (36)(183)(36)

Financial Products Revenues895 — — — 67 962 67 7%

Consolidated Sales and Revenues$16,569 $3,113 $595 $199 $67 $20,543 $3,974 24%

(more)

3

Sales and Revenues by Geographic Region

North AmericaLatin AmericaEAMEAsia/PacificExternal Sales and RevenuesInter-SegmentTotal Sales and Revenues

(Millions of dollars)$% Chg$% Chg$% Chg$% Chg$% Chg$% Chg$% Chg

Second Quarter 2026

Power & Energy$4,182 30%$373 (16%)$1,348 3%$892 9%$6,795 17%$1,443 16%$8,238 17%

Construction Industries5,065 50%676 25%1,456 23%1,064 3%8,261 35%85 27%8,346 35%

Resource Industries2,230 34%671 13%713 22%954 1%4,568 21%80 (18%)4,648 20%

All Other Segment9 50%1 —%2 100%3 (50%)15 15%69 (4%)84 (1%)

Corporate Items and Eliminations(51)1 (1)(7)(58)(1,677)(1,735)

Machinery, Power & Energy11,435 39%1,722 10%3,518 15%2,906 4%19,581 25%— —%19,581 25%

Financial Products Segment765 9%122 16%137 9%121 12%1,145 10%— —%1,145 10%

Corporate Items and Eliminations(106)(23)(30)(24)(183)— (183)

Financial Products Revenues659 7%99 16%107 (1%)97 11%962 7%— —%962 7%

Consolidated Sales and Revenues$12,094 37%$1,821 10%$3,

EX-99.1

2 ex991toformcat1q2026earnin.htm

EX-99.1

Document

Exhibit 99.1

Caterpillar Inc.

1Q 2026 Earnings Release

FOR IMMEDIATE RELEASE

Caterpillar Reports First-Quarter 2026 Results

First Quarter

($ in billions except profit per share)20262025

Sales and Revenues$17.4$14.2

Profit Per Share$5.47$4.20

Adjusted Profit Per Share$5.54$4.25

Please see a reconciliation of GAAP to non-GAAP financial measures in the appendix on pages 12 and 13.

●First-quarter 2026 sales and revenues increased 22% to $17.4 billion

●First-quarter 2026 profit per share of $5.47; adjusted profit per share of $5.54

●Deployed $5.7 billion of cash for share repurchases and dividends in the first quarter

IRVING, Texas, Apr. 30, 2026 – Caterpillar Inc. (NYSE: CAT) announced first-quarter 2026 results.

“Our team delivered a strong start to the year, driven by resilient end markets and disciplined execution in a dynamic operating environment,” said Caterpillar Chairman and CEO Joe Creed. “Solid sales and revenues growth, combined with robust order activity, demonstrate the strength of our business and our focus on solving our customers’ toughest challenges. A record backlog provides a strong foundation for continued positive momentum.”

Sales and revenues for the first quarter of 2026 were $17.4 billion, a 22% increase compared with $14.2 billion in the first quarter of 2025. The increase was primarily due to higher sales volume of $2.3 billion and favorable price realization of $426 million.

Operating profit margin was 17.7% for the first quarter of 2026, compared with 18.1% for the first quarter of 2025. Adjusted operating profit margin was 18.0% for the first quarter of 2026, compared with 18.3% for the first quarter of 2025. First-quarter 2026 profit per share was $5.47, compared with first-quarter 2025 profit per share of $4.20. Adjusted profit per share in the first quarter of 2026 was $5.54, compared with first-quarter 2025 adjusted profit per share of $4.25. For the first quarter of 2026 and 2025, adjusted operating profit margin and adjusted profit per share excluded restructuring costs.

For the first quarter of 2026, enterprise operating cash flow was $1.9 billion, and the company ended the first quarter with $4.1 billion of enterprise cash. In the quarter, the company deployed $5.0 billion of cash for repurchases of Caterpillar common stock and $0.7 billion of cash for dividends.

(more)

2

CONSOLIDATED RESULTS

Consolidated Sales and Revenues

The chart above graphically illustrates reasons for the change in consolidated sales and revenues between the first quarter of 2025 (at left) and the first quarter of 2026 (at right). Caterpillar management utilizes these charts internally to visually communicate with the company’s board of directors and employees.

Total sales and revenues for the first quarter of 2026 were $17.415 billion, an increase of $3.166 billion, or 22%, compared with $14.249 billion in the first quarter of 2025. The increase was primarily due to higher sales volume of $2.3 billion and favorable price realization of $426 million. Higher sales volume was mainly driven by the impact from changes in dealer inventories and higher sales of equipment to end users. Dealer inventory increased more during the first quarter of 2026 than during the first quarter of 2025.

Sales were higher across the three primary segments.

Sales and Revenues by Segment

(Millions of dollars)First Quarter 2025Sales VolumePrice RealizationCurrencyInter-Segment / OtherFirst Quarter 2026$ Change% Change

Power & Energy$5,783 $840 $108 $111 $189 $7,031 $1,248 22%

Construction Industries5,184 1,459 356 143 19 7,161 1,977 38%

Resource Industries3,661 85 (39)78 12 3,797 136 4%

All Other Segment70 1 — — 6 77 7 10%

Corporate Items and Eliminations(1,320)(67)1 19 (226)(1,593)(273)

Machinery, Power & Energy13,378 2,318 426 351 — 16,473 3,095 23%

Financial Products Segment1,007 — — — 89 1,096 89 9%

Corporate Items and Eliminations(136)— — — (18)(154)(18)

Financial Products Revenues871 — — — 71 942 71 8%

Consolidated Sales and Revenues$14,249 $2,318 $426 $351 $71 $17,415 $3,166 22%

(more)

3

Sales and Revenues by Geographic Region

North AmericaLatin AmericaEAMEAsia/PacificExternal Sales and RevenuesInter-SegmentTotal Sales and Revenues

(Millions of dollars)$% Chg$% Chg$% Chg$% Chg$% Chg$% Chg$% Chg

First Quarter 2026

Power & Energy$3,500 33%$278 (15%)$1,141 11%$794 17%$5,713 23%$1,318 17%$7,031 22%

Construction Industries4,292 48%650 29%1,199 38%961 11%7,102 38%59 48%7,161 38%

Resource Industries1,836 14%572 (6%)560 10%742 (14%)3,710 3%87 16%3,797 4%

All Other Segment7 (13%)— —%3 200%2 —%12 9%65 10%77 10%

Corporate Items and Eliminations(55)— (4)(5)(64)(1,529)(1,593)

Machinery, Power & Energy9,580 34%1,500 5%2,899 21%2,494 4%16,473 23%— —%16,473 23%

Financial Products Segment741 9%111 12%133 9%111 7%1,096 9%— —%1,096 9%

Corporate Items and Eliminations(91)(19)(24)(20)(154)— (154)

Financial Products Revenues650 8%92

cat-202601290000018230false00000182302026-01-282026-01-280000018230us-gaap:CommonStockMember2026-01-282026-01-280000018230cat:A5.3DebenturesDueSeptember152035Member2026-01-282026-01-28

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM8-K

Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):January 29, 2026

CATERPILLAR INC.

(Exact name of registrant as specified in its charter) Delaware1-76837-0602744 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S Employer Identification No.)

5205 N. O'Connor Blvd.,Suite 100,Irving,Texas75039 (Address of principal executive offices)(Zip Code) Registrant’s telephone number, including area code:(972)891-7700 Former name or former address, if changed since last report:N/A

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol (s)Name of each exchange which registered Common Stock ($1.00 par value)CATThe New York Stock Exchange 5.3% Debentures due September 15, 2035CAT35The New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Indicate by check mark whether the registrant is an emerging growth company as defined by Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Item 2.02. Results of Operations and Financial Condition. On January 29, 2026, Caterpillar Inc. issued a press release reporting its financial results for the quarter ended December 31, 2025. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated into this Item 2.02 by reference. Item 7.01. Regulation FD Disclosure.

Caterpillar Inc. is furnishing supplemental information concerning (i) retail sales of machines to end users and (ii) retail sales of power systems (including reciprocating and turbine engines and locomotives) to end users and Original Equipment Manufacturers ("OEMs"). This supplemental information is attached hereto as Exhibit 99.2 and incorporated into this Item 7.01 by reference.

The information in this Current Report on Form 8-K, including Exhibit 99.1, is being furnished in accordance with the provisions of General Instruction B.2 of Form 8-K.

Item 9.01. Financial Statements and Exhibits.

(d)Exhibits: The following is furnished as an exhibit to this report: 99.1Caterpillar Inc. press release dated January 29, 2026

99.2Retail Statistics

104The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CATERPILLAR INC.

January 29, 2026 By:/s/ Derek Owens Derek Owens Chief Legal Officer and General Counsel