CAT · Q2 FY26 · Apr 1 – Jun 30, 2026
Caterpillar Q2 FY26: where the revenue came from and where it went
Caterpillar Q2 FY26: revenue $20.5B (+24% year over year). Net profit $3.6B. Largest cohort Power & energy $5.7B. The whole income statement as a sankey diagram from the SEC filing.
- Period
- Apr 1 – Jun 30, 2026
- Reported
- May 6, 2026
Tap the diagram to enlarge · figures in billions of dollars
Revenue$20.5B
+24% year over year
Gross profit$7.8B
38% margin
Operating profit$4.3B
21% margin
Net profit$3.6B
17% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 20.5 | 100% | +24% |
| Power & energy | 5.7 | 28% | |
| Resource industries | 3.7 | 18% | |
| Mining, HC & Q&A | 3.0 | 14% | |
| Power generation | 2.8 | 14% | |
| Other | 1.7 | 8% | |
| Industrial | 1.5 | 7% | |
| Oil & gas | 1.4 | 7% | |
| Rail | 0.8 | 4% | |
| Cost of revenue | −12.8 | 62% | |
| Gross profit | 7.8 | 38% margin | +3pp |
| R&D | −0.6 | 3% | +0pp |
| SG&A | −2.0 | 10% | +0pp |
| Other | −0.8 | 4% | +0pp |
| Operating profit | 4.3 | 21% margin | +4pp |
| Tax | −1.1 | ||
| Net profit | 3.6 | 17% | +4pp |
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