Caterpillar's Order Backlog Hit a Record $63 Billion. Will Tuesday's Report Show AI Power Demand Still Filling It?
The maker of bulldozers and mining trucks has become a power supplier to the AI build-out. Tuesday tests how long the orders can keep coming.
Overview
Most investors probably still think of Caterpillar (NYSE: CAT) as a construction-equipment company -- bulldozers, excavators, mining trucks. But the order book tells a different story.
Caterpillar ended the first quarter with a record backlog of $63 billion, up $28 billion, or 79%, from the first quarter of 2025, with all three of its primary segments contributing. Indeed, almost $12 billion of that arrived in the quarter itself.
Details
And a big share of the new demand behind that number has little to do with construction sites. It comes from data centers.
Source
Originally published at www.fool.com.
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