Caterpillar Inc. (CAT) shares surged 5.80% in pre-market trading on Tuesday after the industrial giant reported second-quarter earnings that crushed analyst expectations.
The company posted adjusted earnings per share of $8.17, significantly outpacing the consensus estimate of $6.20. The massive beat was driven by robust demand for its construction and power generation equipment, especially as the AI-driven buildup of data centers continues to fuel orders for its backup power solutions.
With the stock already up about 45% year-to-date, the latest results reinforced investor confidence in Caterpillar’s ability to capitalize on major infrastructure and technology trends, sending shares sharply higher ahead of the regular trading session.