**What happened: **Caterpillar (CAT) stock jumped 10% in premarket trading on Tuesday. What's behind the move: The heavy equipment maker reported second quarter sales and revenues increased 24% to $20.5 billion.
"This is the first time in company history that we have generated over $20 billion in sales and revenues in a single quarter," Caterpillar CEO Joe Creed said.
The results were powered by strong order rates and a growing backlog across all three of the company's primary segments.
Caterpillar's backlog rose to $72.1 billion, up 92% from the same time last year.
**What else you need to know: **Caterpillar has become a winner of the AI trade by providing the massive power infrastructure required to keep data centers running.
Operating profit margin was 20.9% for the second quarter of 2026, compared with 17.3% for the second quarter of 2025.
The stock is up 38% year to date, helping buoy the Dow Jones Industrial Average (DJI) to record highs.
Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre.
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