Caterpillar Order Backlog Reaches Record $63 Billion Ahead of Earnings

Caterpillar's order backlog reached a record high of $63 billion as investors prepare for the company's upcoming financial report scheduled for Tuesday.

Market participants are paying close attention to whether demand for power generation driven by artificial intelligence applications continues to support backlog growth.

The upcoming report is expected to provide further details on Caterpillar's overall performance and order trends across its core business segments.