Caterpillar reported second-quarter 2026 revenue of $20.5 billion, up 24% year over year, while its pipeline reached a record $72 billion, up $35 billion in a year. The Motley Fool credits AI-related demand but flags a trailing P/E above 35.
Caterpillar also reported profit per share of $7.77. The article cited an average analyst price target of $975, compared with shares trading around $800, and said AI demand offers multiyear revenue visibility and reduces reliance on the traditional construction cycle.
The Motley Fool argued that multiyear demand could justify Caterpillar’s valuation, although the company was not among the 10 stocks its Stock Advisor team selected for its current list.
