CAT's Construction Revenues Up 35% in Q2: Can It Maintain This Pace?

CAT's Construction Industries segment posted revenue growth exceeding 35% in Q2 2026, following a similar 30%-plus gain in Q1, according to Zacks Investment Research. The momentum stems from higher sales volumes and favorable pricing across the division. The company has set a target to increase sales to end users by 1.25x by 2030, supported by expansion in digital, rental, and autonomous solutions.

CAT faces direct competition from KMTUY and DE, both of which are pursuing parallel strategies in automation and digitalization. The competitive landscape intensifies as all three manufacturers race to capture market share in next-generation construction technology.

The back-to-back quarters of 30%-plus revenue growth mark a significant acceleration for CAT's Construction Industries unit, which represents a core earnings driver. The 2030 sales target provides a clear benchmark for measuring execution over the next four years.