Caterpillar (CAT) Revenue — Quarter Ended Mar 31, 2026
Revenue declined from the prior quarter but increased significantly from the year-ago period. The year-over-year growth was supported by higher sales across both Machinery, Power & Energy and Financial Products segments.
Key takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue declined from the prior quarter but increased significantly from the year-ago period. The year-over-year growth was supported by higher sales across both Machinery, Power & Energy and Financial Products segments.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$17.4B
Revenue reported for this quarter.
Quarter-over-quarter
-9.0%
Change from the immediately preceding quarter.
Year-over-year
+22.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$70.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2025 | $16.6B | -0.7% |
| Sep 30, 2025 | $17.6B | +9.5% |
| Dec 31, 2025 | $19.1B | +18.0% |
| Mar 31, 2026 | $17.4B | +22.2% |
Revenue performance
The quarter's revenue was lower than the preceding quarter, reversing the upward trend seen in recent periods.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased. Compared to the same quarter one year earlier, revenue rose substantially.
What to watch
Operating cash flow for the current quarter increased compared to the same period last year, as noted in the liquidity discussion.