$PCAR · PACCAR INC
PACCAR reported Q3 2026 results via 8-K Item 2.02, with net income of $847.5M ($1.61 diluted EPS) on consolidated revenues of $7.94B. Truck segment pretax income surged to $454.5M from $102.5M a year ago on 40,100 global deliveries. PACCAR Parts hit record quarterly revenues of $1.78B, and PACCAR Financial Services pretax income rose 9.4% to $138.1M. The company guided 2026 capex of $650–$700M and R&D of $440–$460M.
- Q3 net income of $847.5M ($1.61 diluted EPS) vs $590.0M ($1.12) a year ago — a 44% increase.
- Consolidated revenues hit $7.94B, up 19% YoY from $6.67B, driven by a 28% jump in Truck segment sales to $5.60B.
- Truck segment pretax profit soared to $454.5M from $102.5M in Q3 2025 — a 343% increase.
- Global truck deliveries rose to 40,100 units vs 31,900 last year, with U.S./Canada up 6,700 units.
- PACCAR Parts posted record quarterly revenues of $1.78B, though pretax profit dipped slightly to $404.4M from $410.0M.
Stock down 2.42% in pre-market to $104.37 despite the strong beat, though extended-hours last trade at $105.03 (+0.63% vs regular close) suggests some after-hours recovery. The pre-market decline may reflect profit-taking or macro pressure given the $54.94B market cap.
PACCAR's Truck segment pretax profit quadrupling to $454.5M signals a powerful cyclical upswing in North American heavy-duty truck demand, with management forecasting sustained strength into 2027.
PACCAR's 2027 U.S./Canada Class 8 retail sales forecast of 240,000–280,000 units signals confidence in the cycle, aligning with broader infrastructure-driven demand. The PACCAR Connect telematics platform launching in early 2027 mirrors the industry shift toward connected-vehicle recurring revenue models.
Provision for losses on receivables at PACCAR Financial Services rose to $112.1M in the first nine months vs $84.0M last year, signaling potential credit deterioration in the truck financing portfolio. European litigation overhang persists with ongoing EC-related claims proceedings.