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Caterpillar and Cummins cite record-quarter momentum as data-center power demand expands with AI
The Apex Times

THE APEX TIMES

Business/The Apex Times/Aug 19, 11:12 PM EDT

Caterpillar and Cummins cite record-quarter momentum as data-center power demand expands with AI

A Yahoo Finance report connects stronger performance at Caterpillar and Cummins with rising electricity needs tied to artificial intelligence, as grids face capacity limits and backup power demand grows.

By The Apex Times Newsroom2 min readAI-assisted Apex article

Caterpillar and Cummins are pointing to record-quarter momentum as energy demand from data centers accelerates alongside the buildout of artificial intelligence infrastructure, according to a Yahoo Finance market update published Tuesday.

The article frames the backdrop as a rapid rise in electricity consumption by the world’s data centers. It says global data center energy use is expected to climb 26% by 2026 to 565 terawatt-hours, while overall data-center power demand is forecast to increase 27% to 132 gigawatts.

With utilities and local grids constrained by capacity limits, the report argues that power reliability needs will intensify. That dynamic, it says, is pushing demand for equipment that can help cover shortfalls or sustain operations when the grid cannot respond quickly enough.

The same update ties that trend to how diesel engines and related power systems fit into a broader data-center energy strategy, particularly where customers seek backup generation or resilient power. In that context, it highlights that both Caterpillar and Cummins posted record quarters, positioning them as direct beneficiaries of the spending cycle around data-center power.

Caterpillar is one of the largest suppliers of heavy equipment and engines used across energy, construction, and industrial operations, including power generation equipment that can be deployed for projects requiring dependable electricity. Cummins is a major provider of diesel engines and power generation solutions used in standby power and grid support applications, among other uses.

While the article emphasizes AI-driven demand, it does not, in the excerpt provided for this review, break out specific drivers behind each company’s quarter. It also does not provide the numerical results, the exact segment contributions, or management commentary beyond the overall characterization that quarters were record-setting.

What is clear from the article’s framing is the causal chain it draws: higher data-center electricity consumption and higher power demand create pressure on power infrastructure, which in turn increases the value of generating and reliability equipment. Still, the precise magnitude of how much of Caterpillar’s or Cummins’ results are attributable specifically to data centers, versus other industrial or energy markets, is not detailed in the excerpt.

Investors and industry watchers will likely focus next on whether the companies quantify the data-center portion of demand in future updates, and whether they cite any constraints such as component availability, lead times, pricing, or customer project timing that could affect how long record-quarter conditions can be sustained.

Why It Matters

  • If the forecasted growth in data-center power demand holds, engine and power-generation equipment makers could see sustained end-market pressure for reliability-focused solutions.
  • Grid constraints can shift buying toward capacity that can bridge shortfalls, potentially supporting demand for diesel-powered generation systems.
  • Record quarters at both companies suggest the spending cycle is not limited to a single supplier, though the excerpt does not quantify how much is driven by data centers.

Sources

Key Facts

  • A Yahoo Finance report links stronger performance at Caterpillar and Cummins to rising electricity needs from data centers tied to AI.
  • The article forecasts global data-center energy use rising 26% by 2026 to 565 terawatt-hours.
  • The article forecasts overall data-center power demand rising 27% by 2026 to 132 gigawatts.
  • The report says grid capacity limits are expected to become a major constraint, which can increase demand for backup or resilient power solutions.
  • The article states that both Caterpillar and Cummins delivered record quarters, though the excerpt does not provide the specific figures or segment breakdowns.

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Caterpillar and Cummins cite record-quarter momentum as data-center power demand expands with AI | The Apex Times