# AI electricity demand drives Caterpillar's largest sales business

_Published Thursday, October 29, 2026 at 12:05 PM EDT · Infrastructure, Products · Latest · Tier 2 — Notable_

Caterpillar posted quarterly earnings above Wall Street expectations as demand for power-generation equipment continued to drive sales, Bloomberg reported.

The company's power and energy segment has become its largest business by sales, driven by technology companies' need for infrastructure to meet AI's electricity demand. The segment's ranking reflects sales rather than profit.

## Sources

- [Bloomberg Technology](https://www.bloomberg.com/news/videos/2026-10-29/eli-lilly-ebay-climb-on-results-stock-movers-video)

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Canonical: https://techandbusiness.org/newswire/iTXxU3GVukDFXa8YxKH9yK
Published: 2026-10-29T16:05:39.768Z
Story chronology: 2026-10-29T14:29:50.000Z
Retrieved: 2026-10-29T18:45:36.507Z
Publisher: Tech & Business (techandbusiness.org)