Caterpillar Power & Energy Segment Tracks Record Growth on Data Center Demand
Caterpillar’s Power & Energy segment, its largest by sales, reported $28.6 billion in 2025 revenue and saw operating margins rise to 26.3% from 16.4% in 2020. Momentum continued into 2026 with $15.3 billion in first-half revenue, up 19% year over year, record second-quarter margins of 29.8%. Growth is supported by demand for engines and turbines for data centers and longer-term services.