Inferra AI / Company / CAT / Slides
Caterpillar Inc. — EARNINGS PRESENTATION (2026 Q2)
Caterpillar Inc. (CAT) · 29 slides · Filed Oct 21, 2026
Every slide of this earnings presentation, with the text as published. Open the original deck ↗ · All CAT deck slides
Slide 1 — F I N A N C I A L R E V I E W
F I N A N C I A L R E V I E W August 4, 2026 SECOND QUARTER 2026
Slide 2 — FORWARD
2 Financial Review | Second Quarter 2026 FORWARD - LO KING STATEMENTS Certain statements in this financial review relate to future events and expectations and are forward - loking statements within t he meaning of the Private Securities Litigation Reform Act of 1995. Words such as èbelieve,ê èestimate,ê èwill be,ê èwill,ê t,ê ètarget,ê èguide,ê èproject èshouldê or other similar words or expressions often identify forward - loking statements. Al statements other than statements o f historical fact are forward - loking statements, including, without limitation, statements regarding our outlok, projections, forecasts or trend descriptions. Th ese statements do not guarante future performance and speak only as of the date they are made, and we do not undertake to update our forward - loking statements. Caterpillarés actual results may differ materially from those described or - loking statements based on a number of factors, including, but not limited to: ( i ) global and regional economic conditions and economic conditions in the industries we serve; (i) comodity price changes, m ate rial price increases, fluctuations in demand for our products or significant shortages of material; (i) government monetary or fiscal policies; (iv) political an d e conomic risks, comercial instability and events beyond our control in the countries in which we operate; (v) international trade policies and their impact on demand for our pro ducts and our competitive position, including the imposition of new tarifs or changes in existing tarif rates; (vi) our ability to develop, produce and market quality pr odu cts that meet our customer impact of the highly competitive environment in which we operate on our sales and pricing; (vi) information technology secu rit y threats and computer crime; (ix) inventory management decisions and sourcing practices of our dealers and our OEM customers; (x) a failure to realize, or a delay in rea liz ing, al of the anticipated benefits of our acquisitions, joint ventures or divestitures; (xi) union disputes or other employe relations isues; (xi) adverse efects o f u nexpected events; (xi) disruptions or volatility in global financial markets limiting our sources of liquidity or the liquidity of our customers, dealers and supliers; (xiv) fa ilu re to maintain our credit ratings and potential resulting increases to our cost of borowing and adverse efects on our cost of funds, liquidity, competitive position and ac ces s to capital markets; (xv) our Financial Products segmentés risks associated with the financial services industry; (xvi) chan ns; (xvi) an increase in delinquencies, reposesions or net loses of Cat Financialés customers; (xvi) curency fluctuations; (xix) our or Cat Financialés compliance with financial and other restrictive covenants in debt agrements; (x) increased pension plan funding obligations; (xi) aleged or actual violations of trade or anti - coruption laws and regulations; (xi) aditional tax expense or exposure, including the impact of U.S. tax reform; (xi) significant legal procedings, claims, lawsuits or government inve sti gations; (xiv) new regulations or changes in financial services regulations; (xv) compliance with environmental laws and regulations; (xvi) catastrophic events, includi ng global pandemics such as the COVID - 19 pandemic; and (xxvii) other factors described in more detail in Caterpillar - Q, 10 - K and other filings with the Securi ties and Exchange Comision. A reconciliation of non - GAP financial information can be found in our pres release describing second - quarter 2026 financial re sults which is available on our website at w.caterpilar.com/earnings .
Slide 3 — FINANCIAL RESULTS
3 Financial Review | Second Quarter 2026 2Q 2026 Sales & Revenues $20.5B +24% OperatingProfit 1 $4.3B +50% AdjustedOperatingProfit 1, 2 $4.5B +54% ProfitPerShare 3 $7.7 +68% AdjustedProfitPerShare 3, 4 $8.17 +73% MP&EOperatingCashFlow $5.7B +94% MP&EFreCashFlow 5 $5.1B +18% FINANCIAL RESULTS SECOND QUARTER 2026 VS. SECOND QUARTER 2025 1 IEPA tarif recoveries in the second quarter of 2026 were $392 milion. Excluding IEPA tarif recoveries, tarif costs were ab out $40 milion in the second quarter of 2026, which was lower than expectations of about $70 milion. 2 Adjusted operating profit is a non - GAP measure and a reconciliation to the most directly comparable GAP measure is included in the apendix. 3 Second íquarter 2026 profit per share and adjusted profit per share included an IEPA tarif recoveries impact of about $0.65 per share. 4 Second íquarter 2026 adjusted profit per share excluded restructuring costs of $0.40 per share. Second - quarter 2025 adjusted prof it per share excluded restructuring costs of $0.10 per share. 5 Machinery, Power & Energy (MP&E) fre cash flow represents MP&E operating cash flow les capital expenditures, excluding discretionary pension contributions. A reconciliation of MP&E net cash provided by operating activities to MP&E fre cash flow is included in the apendix. $20.5B SALES&REVENUES FIRSTIMEINCOMPANYHISTORY OVER$20BINASINGLEQUARTER $72B ORDER BACKLOG UP 92% YEAR OVERYEAR $5.1B MP&EFRECASH FLOW 5 DEPLOYED$2.2BTOSHAREHOLDERS
Slide 4 — G20CM34
4 Financial Review | Second Quarter 2026 SEGMENT HIGHLIGHTS RESOURCE INDUSTRIES CONSTRUCTION INDUSTRIES POWER & ENERGY G20CM34