Caterpillar reported earnings per share of $7.20 against an estimate of $7.06, a beat, while revenue of $20.68 billion came in below the $20.76 billion estimate, a miss. In the session before the open, shares traded at $648.97, down 9.03% against the prior close of $713.38.
Source: Trades before the open and in the regular session, against the prior close · as of October 29, 2026 at 7:30 AM ET · Five-minute closes. Extended-hours trading is thin; the price can move a long way before the open.
| Measure | Reported | Estimate | Result |
|---|---|---|---|
| Earnings per share | $7.20 | $7.06 | Beat |
| Revenue | $20.68 billion | $20.76 billion | Missed |
Source: Company earnings report and sell-side analyst consensus estimates · as of October 29, 2026 at 7:30 AM ET · Reported before the open on Thursday, October 29, 2026.
Against the quarters before
Caterpillar has beaten EPS estimates in each of the last four quarters on the table. In August 2026 it reported EPS of $8.17 versus $6.22 expected on revenue of $20.54 billion; in April 2026, EPS of $5.54 versus $4.65 expected on revenue of $17.41 billion; in January 2026, EPS of $5.16 versus $4.71 expected on revenue of $19.13 billion; and in October 2025, EPS of $4.95 versus $4.53 expected on revenue of $17.64 billion.
Source: Company earnings reports and the consensus estimates at the time
| Reported | EPS | Estimate | Revenue | EPS result |
|---|---|---|---|---|
| August 4, 2026 | $8.17 | $6.22 | $20.54 billion | Beat |
| April 30, 2026 | $5.54 | $4.65 | $17.41 billion | Beat |
| January 29, 2026 | $5.16 | $4.71 | $19.13 billion | Beat |
| October 29, 2025 | $4.95 | $4.53 | $17.64 billion | Beat |
Source: Company earnings reports and the consensus estimates at the time
How the stock took it
Shares fell 9.03% to $648.97 before the open, against the prior close of $713.38. Benzinga's pre-market coverage noted the stock had traded as high as $732.88 the day before the report and $716.31 on the day of release, before the decline that followed. We found no direct comment from Caterpillar management in the supplied research; traders on X were, per that source, comparing expected post-report stock swings and debating whether results and guidance would surprise against circulating estimates, though that discussion should not be taken as fact.
| Measure | Value |
|---|---|
| Last close | $713.38 |
| Price | $648.97 |
| Change | -9.03% |
Source: Extended-hours trades against the regular close · as of October 29, 2026 at 7:30 AM ET · Extended-hours trading is thin; the price can move a long way before the open.
Who it buys from and sells to
Company filings list Workday and Howmet Aerospace as suppliers to Caterpillar, while Vale, American Intelligence and Power Corporation, Joule Capital Partners, and Hunt Energy Company are named as customers. This chain spans software, aerospace materials, mining, and energy, giving a sense of how Caterpillar's business connects to software services on one side and heavy equipment end-users across mining and energy on the other.
| Company | Role | Stock | Last move |
|---|---|---|---|
| Workday, Inc. | Supplier | WDAY | -0.54% |
| Howmet Aerospace | Supplier | HWM | +1.73% |
| Vale | Customer | Not listed | — |
| American Intelligence and Power Corporation | Customer | Not listed | — |
| Joule Capital Partners | Customer | Not listed | — |
| Hunt Energy Company | Customer | Not listed | — |
Source: Relationships named in company filings (Earnings call transcript); stock quotes · as of October 29, 2026 at 7:30 AM ET · Named in filings; a neighbour's move is not evidence of a link to this report.