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Caterpillar backlog tops $72B as capacity ramp targets power demand

Caterpillar logoCaterpillar
Sig3.13Sen+5.35Env-0.55Soc+0.10Gov+0.50

Caterpillar posted strong second-quarter results as its backlog rose 92% year over year to more than $72 billion. Growth is tied to the AI boom and data centers, with Power & Energy customers ordering equipment through 2030. With capacity limiting shipments, Caterpillar plans to restart its 10-megawatt gas engine platform, adding 1.5 gigawatts of capacity and beginning shipments before year-end.

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