Caterpillar Posts Record $20.5B Quarter, Power Unit Surges on AI Demand
Caterpillar reported its first-ever $20 billion-plus sales quarter, with revenue reaching $20.5 billion and operating profit just over $2 billion. The power and energy division delivered more than $8.2 billion in the second quarter, nearly matching the traditional construction segment, with demand linked to AI data center infrastructure. The company also launched a new Arkansas workforce commitment worth up to $3 million.