CAT | Weekly | Haru Insights

Caterpillar’s Power & Energy segment reported a 17% year-over-year revenue increase to $8.2 billion in Q2 2026, with a margin expansion to 24.6%, driven by a 72% surge in demand for data center power generation, backed by multi-year order books extending into 2030.
The company confirmed the restart of a 10-MW medium-speed gas reciprocating platform and plans for a total of 1.5 GW of additional output, signaling a major, committed infrastructure push into AI-driven energy needs, while also revealing a $1 billion new plant and $10 million workforce investment in North Carolina.

Caterpillar is becoming the backbone of the AI infrastructure wave, with its power generation solutions seeing explosive demand, proving its ability to transform industrial capabilities into scalable, high-margin revenue streams.
The company’s $1 billion plant investment in North Carolina reflects a bold, long-term commitment to domestic industrial leadership, aligning perfectly with national economic and energy security goals.
Record backlog extending into 2030 demonstrates not just current momentum, but a self-sustaining engine of growth, turning strategic foresight into real, trackable execution.
CAT’s margin expansion to 24.6% in Power & Energy signals operational excellence, proving that scale and innovation are compounding returns rather than diluting them.
Its digital integration and electrification roadmap are not just incremental upgrades—they’re redefining how heavy industry powers the future, positioning CAT as a leader beyond machinery.

Caterpillar Inc. (CAT)[Tv]