$PCAR · PACCAR INC
PACCAR Inc filed its Q3 2026 10-Q, reporting net income of $847.5 million ($1.61 diluted EPS) on worldwide net sales and revenues of $7.94 billion, representing 19% year-over-year revenue growth. Truck segment income before tax surged to $454.5 million from $102.5 million in Q3 2025, while Parts contributed $404.4 million in pretax income. The company declared a $0.35 quarterly dividend and ended the quarter with $6.15 billion in cash and equivalents.
- Q3 net income of $847.5M ($1.61 diluted EPS) vs $590.0M ($1.12) a year ago — a 43.6% jump.
- Worldwide net sales and revenues hit $7.94B, up 19% YoY, driven by truck sales of $5.60B vs $4.38B.
- Truck segment income before tax soared to $454.5M from $102.5M in Q3 2025 — a 343% increase.
- Parts segment delivered $404.4M in pretax income on $1.78B sales, maintaining strong aftermarket profitability.
- Nine-month operating cash flow was $2.52B, down from $3.27B YoY, pressured by $617M increase in trade receivables and $426M inventory build.
Extended-hours trading shows PCAR at $107.55, up 5.01% from the regular-session close of $102.42, indicating strong positive reaction to the Q3 beat. The $53.91B market-cap truck maker's 44% net income surge and truck segment margin recovery are driving the after-hours bid.
PACCAR's truck segment pretax income quadrupling signals a powerful cyclical upswing in North American heavy-duty truck demand, with the Parts business providing a stable $400M+ quarterly earnings floor.
PACCAR's Q3 results reflect a strong North American heavy-duty truck cycle, with U.S./Canada and Mexico deliveries driving the truck revenue surge. The Parts segment's steady 23%+ pretax margins continue to provide a counter-cyclical buffer that peers without large aftermarket businesses lack.
Provision for losses on Financial Services receivables rose to $112.1M for the nine months (vs $84.0M YoY), signaling credit deterioration in the finance portfolio. Tariffs, fuel prices, geopolitical events, and freight tonnage are cited as unquantifiable factors that could pressure results.