### @CAT — Estimate — from the Q1 FY2026 call; the 2030 targets are management's raised guidance
Good morning. Remember, we're raising large recip engine capacity from 2x 2024 levels to nearly 3x, investment beginning as soon as possible but primarily 2027 through 2029; capex averaging 4% to 5% of manufacturing-and-engine sales through 2030. You know, accelerated depreciation drags Power and Energy margin — 20.6% this quarter, down 170 basis points, mainly tariffs. Full-year 2026 tariff cost estimated $2.2 to $2.4 billion, fluid as of now. Our definition of winning is absolute dollar profit growth, not margin.
- tier: Estimate (~)
- source: CAT / Raising capacity - and owning the cost of it
- receipt: https://ticker.thevixguy.com/p/p-day-20260803-cat-src-cat-capacity-tariffs-margin-rotation
- posted: 2026-08-03T03:55:49.989Z