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Caterpillar Erupts As Quarterly Sales Top $20 Billion For First Time Amid AI Data Center Boom
Caterpillar Erupts As Quarterly Sales Top $20 Billion For First Time Amid AI Data Center Boom
Caterpillar shares jumped in pre-market trading after reporting a second-quarter beat, driven by strong growth in its heavy machinery, power and energy business amid the data center buildout, reshoring, and other activities reindustrializing the nation under the Trump administration.
Revenue soared 24% from one year ago to $20.54 billion, exceeding the $19.01 billion Bloomberg consensus estimate. Machinery, power and energy revenue climbed 25% to $19.58 billion, while operating income surged 51% to $4.21 billion, well...
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