"Caterpillar's Q1 2026 earnings report revealed a revenue of $17.41 billion, a 22% increase year over year, with Power Generation revenue soaring 41% to $2.82 billion due to demand for large engines and turbines."
"GE Vernova's Q1 2026 report showed a 16% revenue rise to $9.3 billion, with adjusted EBITDA margin expanding by 390 basis points and orders increasing 71% organically to $18.3 billion."
Caterpillar and GE Vernova have seen substantial stock price increases in 2026, driven by the demand for power infrastructure essential for AI. Caterpillar's Q1 2026 earnings showed a 22% revenue increase to $17.41 billion, with a 41% rise in Power Generation revenue. GE Vernova reported a 16% revenue increase to $9.3 billion, with a 71% surge in orders. Both companies are positioned to capitalize on the growing need for electricity in data centers, despite facing some operational challenges.
Read at 24/7 Wall St.
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