Caterpillar second-quarter profit jumps on strong power, construction equipment demand

Caterpillar lifts 2026 sales growth forecast as AI buildout powers on

Caterpillar raised 2026 guidance on Q2 beat: revenue +24% to $20.54B, backlog record $72.1B—driven by AI data center construction and power demand. Results confirm durable enterprise capex for infrastructure, reshaping IT leaders' vendor and capex strategies.