Caterpillar Inc. (CAT) Announced Q1 2026 Earnings on April 30, 2026, Reporting "Sales and revenues were $17.4 billion".

For the first quarter, Caterpillar Inc. reported that "Sales and revenues were $17.4 billion," which was an increase of 22% versus the previous year.

The first quarter adjusted operating profit margin was 18.0%.

Adjusted profit per share was $5.54 for the quarter.

During the first quarter, the company deployed $5.7 billion to shareholders through share repurchases and dividends.

First quarter profit for Power and Energy was $1.5 billion, Construction Industries was $1.5 billion, and Resource Industries was $378 million.

During the quarter, the company's backlog grew to a record level of $63 billion.

Caterpillar announced an increase to its large reciprocating engine capacity from 2x 2024 levels to nearly 3x 2024 levels, with the additional investment primarily occurring from 2027 through 2029.

The company completed the acquisition of RPMGlobal in February to bring a leader in mining software technology into its portfolio.

The company also announced that Kyle Epley will succeed Andrew Bonfield as CFO.Looking ahead, management stated, "We now anticipate low double-digit growth for full year 2026 sales and revenues". For the full year, the adjusted operating profit margin is estimated to remain near the bottom of the target range.

The company anticipates full year 2026 tariff costs in the range of $2.2 billion to $2.4 billion and expects restructuring costs of approximately $300 million to $350 million in 2026.

For the second quarter, the company anticipates another quarter of strong sales growth versus the prior year.In product announcements, Caterpillar launched CAT compact, which is designed for small contractors and growing businesses.

The company also announced an opportunity to provide up to 2.1 gigawatts of large gas generator sets for prime power generation in support of data center, oil and gas, and industrial applications.