PACCAR Inc Q3 2026 Earnings Recap

PACCAR’s shares were roughly flat, down 0.6% after earnings. The quarter showed higher revenue and profit year over year, while third-quarter deliveries were constrained by supplier availability; management expects deliveries to rise in Q4 and truck gross margins to remain in the 14%–15% range.

Key Takeaways

• Q3 revenue was $7.94 billion, up 19% year over year, and net income was $847.5 million, up 44%.
• PACCAR delivered 40,100 trucks in Q3; management attributed some of the volume limitation to supply constraints and forecasts 41,000–43,000 deliveries in Q4.
• Q3 trucks, parts and other gross margin was 14.5%; the company expects Q4 gross margin of 14%–15%.
• PACCAR Parts posted record Q3 revenue of $1.78 billion. PACCAR Financial Services reported $138 million in pretax income, up 9.4% year over year.
• Management projects the 2027 U.S. and Canadian Class 8 market at 240,000–280,000 trucks and plans $650 million–$700 million in capital spending and $460 million–$500 million in R&D.