The Zhitong Finance App learned that on Thursday, Caterpillar (CAT.US) opened more than 10% lower. As of press release, the decline had narrowed to 8%, and the stock price fell 40% from the June record high. According to the news, Caterpillar's results for the third quarter of 2026 announced in advance of the US stock market showed that sales and revenue for the quarter were US$20.68 billion, up 17% year on year; adjusted earnings per share were US$7.20, higher than market expectations of US$7.03, compared to US$4.95 in the same period last year; GAAP earnings per share were US$7.13. Operating profit was US$4.21 billion, up 38% year on year, and operating margin 20.4%; adjusted operating margin was 20.6%, up 3.1 percentage points from the same period last year. The quarter's operating profit included tariff rebates of US$128 million. However, the company predicted sales growth in the fourth quarter to be at a “moderate” level — a forecast that disappointed investors even though its largest division directly supplies power equipment to AI data centers.

The Zhitong Finance App learned that on Thursday, Caterpillar (CAT.US) opened more than 10% lower. As of press release, the decline had narrowed to 8%, and the stock price fell 40% from the June record high. According to the news, Caterpillar's results for the third quarter of 2026 announced in advance of the US stock market showed that sales and revenue for the quarter were US$20.68 billion, up 17% year on year; adjusted earnings per share were US$7.20, higher than market expectations of US$7.03, compared to US$4.95 in the same period last year; GAAP earnings per share were US$7.13. Operating profit was US$4.21 billion, up 38% year on year, and operating margin 20.4%; adjusted operating margin was 20.6%, up 3.1 percentage points from the same period last year. The quarter's operating profit included tariff rebates of US$128 million. However, the company predicted sales growth in the fourth quarter to be at a “moderate” level — a forecast that disappointed investors even though its largest division directly supplies power equipment to AI data centers.