PACCAR Inc Earnings Recaps
Q2 2026
Aug 2, 2026
PACCAR’s stock saw minimal movement (+0.3%) following a quarter that largely met expectations with stable margins and steady guidance, reflecting a balanced view from the market without meaningful surprises.
Key takeaways
- Second quarter revenues reached $7.5 billion, with net income of $752 million, up 24% sequentially, driven primarily by truck division performance.
- PACCAR Parts hit record quarterly revenues of $1.75 billion and pre-tax income of $417 million, with gross margins improving to 29.8%.
- Truck deliveries increased to 38,700 units with an estimated 42,000 units projected for Q3 despite normal European seasonal shutdowns.
- Truck parts gross margins rose from 13.1% to 14.4%, with expectations for continued margin expansion in Q3 and Q4.
- Management reiterated full-year market outlook for truck sales and ongoing investments in technology and manufacturing capabilities without signaling any material changes to guidance.
Q3 2025
Oct 21, 2025
PACCAR reported solid third-quarter 2025 results, driven by strong performance in truck sales and parts, and reaffirmed positive outlook amid evolving market conditions.
Key takeaways
- Revenues reached $6.7 billion, reflecting stable demand for premium trucks and robust performance across PACCAR Parts and Financial Services.
- Net income for the quarter was $590 million, supported by record parts revenue of $1.72 billion and an increase in pre-tax income from Financial Services by 18% to $126 million.
- Truck deliveries totaled 31,900, with expectations for approximately 32,000 in Q4, despite seasonally adjusted production days.
- Anticipated improvements in the US and European truck markets for 2026, with estimates suggesting increased demand amid tariff clarifications and market stabilization.
- PACCAR's strategic investments in technology and infrastructure highlight its commitment to long-term growth and customer service excellence.