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Sentiment · FY2026 Q1
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Jamie Cook | Truist Securities | 6 | 0% |
| Tami Zakaria | JPMorgan | 6 | 17% |
| Dave Raso | Evercore ISI | 6 | 50% |
| Rob Wertheimer | Melius Research | 6 | 0% |
| Mike Feniger | Bank of America | 6 | 0% |
| Kyle Menges | Citigroup | 5 | 0% |
| Mig Dobre | Robert W. Baird | 5 | 0% |
| Kristen Owen | Oppenheimer | 5 | 0% |
| Jerry Revich | Wells Fargo | 4 | 0% |
| Angel Castillo | Morgan Stanley | 4 | 25% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Bank of America | 1 | 6 | 0% |
| Evercore ISI | 1 | 6 | 50% |
| JPMorgan | 1 | 6 | 17% |
| Melius Research | 1 |
| 6 |
| 0% |
| Truist Securities | 1 | 6 | 0% |
| Oppenheimer | 1 | 5 | 0% |
| Robert W. Baird | 1 | 5 | 0% |
| Citigroup | 1 | 5 | 0% |
Caterpillar delivered Q1 sales of $17.4 billion up 22% with adjusted EPS of $5.54, well above expectations. Backlog grew to a record $63 billion, up 79% year-over-year, with all-time record orders driven by Power Generation data center demand. The full-year outlook was raised to low double-digit sales growth from the prior approximately 7% guide. Large engine capacity expansion to nearly 3x was underway to meet surging demand.
Demand | Pricing | Margin | Capex Investment | Trade Tariffs | Competitive Dynamics | Revenue Growth | Guidance Reliability | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 6 | 4 | 3 | 2 | 1 | 2 | 1 | |
| 2025Q1 | 5 | 4 | 1 | 2 | 4 | 1 | 2 | |
| 2025Q2 | 5 | 4 | 4 | 2 | 3 | 2 | 1 | |
| 2025Q3 | 5 | 2 | 2 | 2 | 2 | 3 | 3 | 1 |
| 2025Q4 | 8 | 1 | 2 | 1 | 2 | 1 | ||
| 2026Q1 | 3 | 1 | 3 | 3 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 6 | 5 | 5 | 5 | 8 | 3 |
| Pricing | 4 | 4 | 4 | 2 | 1 | 1 |
| Margin | 3 | 1 | 4 | 2 | 3 | |
| Capex Investment | 2 | 2 | 2 | 2 | 2 | 3 |
| Trade Tariffs | 1 | 4 | 3 | 2 | 1 | |
| Competitive Dynamics | 1 | 2 | 3 | 2 | 2 | |
| Revenue Growth | 2 | 3 | 1 | 1 | ||
| Guidance Reliability | 1 | 2 | 1 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
CAT Caterpillar Inc. | 9 | +22.2% | |
| DE Deere & Company | 6 | +6.7% | |
| PCAR Paccar | 1 | -16.2% |