Caterpillar (CAT.US) Q3 results beat expectations, yet plunges nearly 10% premarket

Zhitong Finance APP has learned that Caterpillar (CAT.US) reported its third-quarter 2026 results before the U.S. market opened on October 29, showing that driven by higher sales volume and price realization, sales and revenue for the quarter were $20.68 billion, up 17% year over year; adjusted earnings per share were $7.20, above the market expectation of about $7.03 and compared with $4.95 in the same period last year; GAAP earnings per share were $7.13. Operating profit was $4.21 billion, up 38% year over year, with an operating margin of 20.4%; the adjusted operating margin was 20.6%, up 3.1 percentage points from the same period last year. Operating profit for the quarter included $128 million in tariff refunds.