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Caterpillar Sales Top $20B as Power Demand From Data Centers Rises

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Caterpillar stock gained 94% over 12 months as Q2 2026 sales and revenues topped $20 billion for the first time. Power generation sales rose 72%, with Power & Energy booking $8.2 billion amid surging demand for large gensets and turbines for data centers. Lead times extend to late 2028 and some orders run to 2030, but a slowdown would show up in sales gradually.

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