What is Caterpillar's expected EPS for Q2 2026?

Analysts expect Caterpillar (CAT) to report consensus EPS of approximately $6.20 for Q2 2026. Estimates range from $5.75 to $6.73.

What revenue do analysts expect for Caterpillar in Q2 2026?

The consensus revenue forecast for Caterpillar (CAT) in Q2 2026 is approximately $19.2B. Forecasts range from $18.2B to $20.3B.

How many analysts cover Caterpillar?

15 analysts contribute to the Caterpillar (CAT) Q2 2026 consensus estimate.

Has Caterpillar beaten earnings estimates recently?

Caterpillar beat analyst EPS estimates in 2 of the last 2 quarters. Caterpillar beat revenue estimates in 2 of 2. In the most recent quarter (Q1 2026), Caterpillar EPS beat by 19.2% and revenue beat by 5.4%.

When does Caterpillar report Q2 2026 earnings?

Caterpillar (CAT) is expected to report Q2 2026 earnings on August 4, 2026 before market open.

CAT Q2 2026 earnings estimate

Consensus EPS · Q2 2026

$6.20

Consensus revenue · Q2 2026

$19.2B

Analysts

Expected report

Aug 4, 2026

Before open

Upcoming earnings

Locks in 11 days 13 hours · BMO: Locks 8:00 PM ET previous day

Revenue$19.2B$18.2B – $20.3B

EPS$6.20$5.75 – $6.73

What to watch

Analyst ratings: Mixed

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Analyst consensus

Based on estimates from 15 analysts.

Metric	Low	Consensus	High
Revenue	$18.2B	$19.2B	$20.3B
EPS	$5.75	$6.20	$6.73
EBITDA	$4.7B	$4.8B	$5.1B
EBIT	$4.3B	$4.5B	$4.7B
Net income	$2.8B	$2.9B	$3.1B

Revenue$19.2B
EPS$6.20
EBITDA$4.8B
EBIT$4.5B
Net income$2.9B

Historical beat/miss

Actual reported results vs. analyst consensus at the time. Positive = beat, negative = miss.

Period	Rev. actual	Rev. est.	Rev. surprise	EPS actual	EPS est.	EPS surprise
Q1 2026	$17.4B	$16.5B	+5.4%	$5.54	$4.65	+19.2%
Q4 2025	$19.1B	$17.9B	+7.2%	$5.16	$4.71	+9.5%

Q1 2026+5.4%+19.2%
Q4 2025+7.2%+9.5%

Estimate revisions

How analyst consensus estimates have changed over the past 90 days.

Collecting data

Revision trends appear once we have collected at least two daily snapshots for this period.

Community vs analysts

See how the TickerLeague crowd's forecast stacks up against Wall Street.

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No community consensus for Caterpillar (CAT) Q2 2026 yet. Make a prediction to start the crowd forecast.

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Analyst price target

Based on price targets from 3 analysts.

Low: $658.00
Consensus: $915.20
Median: $845.00
High: $1,218.00
Current: $889.31
Upside: +2.9%

Upside calculated vs most recent trading price of $889.31.

Analyst ratings

Consensus: Buy — based on 56 analyst ratings.

Buy 31Hold 21Sell 4

24-month trend

Recent analyst actions

Date	Firm	Action	From	To
May 1, 2026	Morgan Stanley	upgrade	Underweight	Equal Weight
Nov 6, 2025	HSBC Securities	upgrade	Hold	Buy
Oct 3, 2025	Erste Group	upgrade	Hold	Buy
Aug 19, 2025	Evercore ISI Group	upgrade	In Line	Outperform
Aug 7, 2025	Morgan Stanley	downgrade	Equal Weight	Underweight
Jul 9, 2025	Melius Research	upgrade	Hold	Buy
May 16, 2025	UBS	upgrade	Sell	Neutral
May 13, 2025	Baird	upgrade	Neutral	Outperform
May 1, 2025	Oppenheimer	upgrade	Perform	Outperform
May 1, 2025	Baird	upgrade	Underperform	Neutral

May 1, 2026Morgan StanleyEqual Weight
Nov 6, 2025HSBC SecuritiesBuy
Oct 3, 2025Erste GroupBuy
Aug 19, 2025Evercore ISI GroupOutperform
Aug 7, 2025Morgan StanleyUnderweight
Jul 9, 2025Melius ResearchBuy
May 16, 2025UBSNeutral
May 13, 2025BairdOutperform
May 1, 2025OppenheimerOutperform
May 1, 2025BairdNeutral

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