Caterpillar Erupts As Quarterly Sales Top $20 Billion For First Time Amid AI Data Center Boom

Caterpillar posts record $20.5B quarter as AI data center demand supercharges industrial giant

Caterpillar posted record Q2 2026 revenue of $20.5B (+24% YoY), propelled by $3.1B in data center power generator sales and $62.7B order backlog. The boom signals hyperscale AI infrastructure is reshaping industrial supply chains—teams planning data center projects should expect tighter lead times and supply constraints ahead.