# Caterpillar stock pops 9% on record quarterly revenue > Source: > Published: 2026-08-04 12:05:56+00:00 **What happened: **Caterpillar ([CAT](https://finance.yahoo.com/quote/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 ([DJ](https://finance.yahoo.com/quote/%5EDJI/)I) to record highs. *Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at **@ines_ferre**.* **Click here for an in-depth analysis of the latest stock market news and events moving stock prices** **Read the latest financial and business news from Yahoo Finance**