PACCAR Achieves Excellent Quarterly Revenues and Profits
PACCAR INC (PCAR) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 PACCAR Inc Public Affairs Department P.O. Box 1518 Bellevue, WA 98009 Contact: Ken Hastings (425) 468-7530 ken.hastings@paccar.com FOR IMMEDIATE RELEASE PACCAR Achieves Excellent Quarterly Revenues and Profits October 27, 2026, Bellevue, Washington – “PACCAR achieved
How this was made
The 30-second read
Why it matters
Earnings beat may trigger analyst upgrades and short‑covering, lifting the stock.
Market read
First‑hand earnings data with material revenue and profit growth, likely to move the stock.
What to watch
Potential supply‑chain constraints or macro‑economic slowdown could temper growth.
PACCAR Achieves Excellent Quarterly Revenues and Profits
Third-quarter consolidated net sales and revenues were $7,936.5 million versus $6,671.8 million, while net income was $847.5 million versus $590.0 million. Truck pretax profit increased to $454.5 million from $102.5 million, PACCAR Parts delivered record revenue, and PACCAR Financial Services pretax income increased to $138.1 million from $126.2 million.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Consolidated net sales and revenues, three months ended September 30, 2026GAAP | $7.94B | – | 19% |
| Consolidated net sales and revenues, nine months ended September 30, 2026GAAP | $22.26B | – | – |
| Truck, Parts and Other net sales and revenues, three months ended September 30, 2026GAAP | $7.38B | – | – |
| Truck, Parts and Other net sales and revenues, nine months ended September 30, 2026GAAP | $20.61B | – | – |
| Cost of sales and revenues, three months ended September 30, 2026GAAP | $6.31B | – | – |
| Cost of sales and revenues, nine months ended September 30, 2026GAAP | $17.72B | – | – |
| Research and development expense, three months ended September 30, 2026GAAP | $108.9M | – | – |
| Research and development expense, nine months ended September 30, 2026GAAP | $332.3M | – | – |
| Selling, general and administrative expense, Truck, Parts and Other, three months ended September 30, 2026GAAP | $125.3M | – | – |
| Selling, general and administrative expense, Truck, Parts and Other, nine months ended September 30, 2026GAAP | $413.5M | – | – |
| Interest and other (income) expenses, net, Truck, Parts and Other, three months ended September 30, 2026GAAP | −$26.5M | – | – |
| Interest and other (income) expenses, net, Truck, Parts and Other, nine months ended September 30, 2026GAAP | −$64.1M | – | – |
| Truck, Parts and Other income before income taxes, three months ended September 30, 2026GAAP | $858.9M | – | – |
| Truck, Parts and Other income before income taxes, nine months ended September 30, 2026GAAP | $2.21B | – | – |
| Financial Services income before income taxes, three months ended September 30, 2026GAAP | $138.1M | – | 9.4% |
| Financial Services income before income taxes, nine months ended September 30, 2026GAAP | $377.7M | – | – |
| Investment income, three months ended September 30, 2026GAAP | $84M | – | – |
| Investment income, nine months ended September 30, 2026GAAP | $250.4M | – | – |
| Total income before income taxes, three months ended September 30, 2026GAAP | $1.08B | – | – |
| Total income before income taxes, nine months ended September 30, 2026GAAP | $2.84B | – | – |
| Income taxes, three months ended September 30, 2026GAAP | $233.5M | – | – |
| Income taxes, nine months ended September 30, 2026GAAP | $634M | – | – |
| Net income, three months ended September 30, 2026GAAP | $847.5M | – | 44% |
| Net income, nine months ended September 30, 2026GAAP | $2.20B | – | – |
| Basic net income per share, three months ended September 30, 2026GAAP | $1.61 per share | – | – |
| Diluted net income per share, three months ended September 30, 2026GAAP | $1.61 per share | – | – |
| Basic net income per share, nine months ended September 30, 2026GAAP | $4.18 per share | – | – |
| Diluted net income per share, nine months ended September 30, 2026GAAP | $4.18 per share | – | – |
| Weighted average diluted shares outstanding, three months ended September 30, 2026GAAP | 527.7M | – | – |
| Weighted average diluted shares outstanding, nine months ended September 30, 2026GAAP | 527.6M | – | – |
| Dividends declared per share, three months ended September 30, 2026GAAP | $.35 per share | – | – |
| Dividends declared per share, nine months ended September 30, 2026GAAP | $1.03 per share | – | – |
| Adjusted net income, nine months ended September 30, 2025non-GAAP | $2.08B | – | – |
| Adjusted net income per diluted share, nine months ended September 30, 2025non-GAAP | $3.95 per diluted share | – | – |
| Cash generated from operations, three months ended September 30, 2026other | $847.7M | – | – |
| Net cash provided by operating activities, nine months ended September 30, 2026GAAP | $2.52B | – | – |
| Capital investments, three months ended September 30, 2026other | $137.6M | – | – |
| Capital investments, nine months ended September 30, 2026other | $411.8M | – | – |
| Global truck deliveries, three months ended September 30, 2026other | 40,100 units | – | – |
| Global truck deliveries, nine months ended September 30, 2026other | 111,900 units | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| Truck, three months ended September 30, 2026Truck pretax profit was $454.5 million, compared to $102.5 million in the third quarter of 2025; management cited higher truck segment margins. | $5.60B | – | – |
| Parts, three months ended September 30, 2026PACCAR Parts reported record quarterly revenues; pretax profit was $404.4 million compared to $410.0 million. | $1.78B | – | – |
| Financial Services, three months ended September 30, 2026Pretax income was $138.1 million compared to $126.2 million; management cited steady finance margins and an improving used truck market. | $558.9M | – | – |
| Truck, nine months ended September 30, 2026Pretax profit was $991.2 million compared to $776.2 million. | $15.38B | – | – |
| Parts, nine months ended September 30, 2026Pretax profit was $1,223.7 million compared to $1,253.0 million. | $5.24B | – | – |
| Financial Services, nine months ended September 30, 2026Pretax profit was $377.7 million compared to $370.5 million. | $1.65B | – | – |
2026 and 2027 outlook
- Note2026 U.S. and Canada Class 8 truck industry retail sales are estimated to be in a range of 240,000–260,000 vehicles.
- Note2027 U.S. and Canada Class 8 truck industry retail sales are expected to be in a range of 240,000–280,000 trucks.
- NoteEuropean truck industry registrations in the above 16-tonne segment are estimated to be in the range of 300,000–320,000 trucks this year, and a similar range in 2027.
- NoteThe South American above 16-tonne truck market is projected to be in a range of 100,000–105,000 trucks this year, and in a range of 105,000–115,000 vehicles in 2027.
- NoteIn 2026, capital expenditures are projected to be in the range of $650–$700 million.
- NoteIn 2026, research and development expenses are estimated to be in the range $440–$460 million.
- NoteIn 2027, PACCAR estimates that it will invest $650–$700 million in capital expenditures.
- NoteIn 2027, PACCAR estimates that it will invest $460–$500 million in research and development expenses.
Capital returns
- Dividends declared per share were $.35 for the three months ended September 30, 2026, compared to $.33 for the three months ended September 30, 2025.
- Dividends declared per share were $1.03 for the nine months ended September 30, 2026, compared to $.99 for the nine months ended September 30, 2025.
- Payments of cash dividends were $(1,278.0) million for the nine months ended September 30, 2026, compared to $(2,093.7) million for the nine months ended September 30, 2025.
- Purchases of treasury stock were $(5.6) million for the nine months ended September 30, 2026, compared to $(35.2) million for the nine months ended September 30, 2025.
What drove it
- Management attributed the increase in quarterly profits to higher truck segment margins and strong overall business performance.
- PACCAR Parts reported record third-quarter 2026 revenues of $1.78 billion.
- PFS cited steady finance margins and an improving used truck market.
- Global truck deliveries were 40,100 units in the third quarter of 2026, compared to 31,900 units in the third quarter of 2025.
- U.S. and Canada third-quarter deliveries were 23,800 units, compared to 17,100 units; Europe deliveries were 10,400 units, compared to 10,100 units; Other deliveries were 5,900 units, compared to 4,700 units.
- PACCAR Connect will be available in Kenworth and Peterbilt Class 8 trucks beginning in early 2027.
Concerns
- PACCAR Parts pretax profit was $404.4 million in the third quarter of 2026, compared to $410.0 million in the third quarter of 2025, despite record quarterly revenue.
- Financial Services revenue was $558.9 million in the third quarter of 2026, compared to $565.3 million in the third quarter of 2025.
- Net cash provided by operating activities was $2,520.3 million in the first nine months of 2026, compared to $3,271.5 million in the first nine months of 2025.
- The first nine months of 2025 included a $350.0 million charge related to civil litigation in Europe, equal to $264.5 million after tax.
- Other geographic revenue was $1,216.7 million in the third quarter of 2026, compared to $1,014.9 million in the third quarter of 2025; nine-month Other geographic revenue was $3,302.8 million compared to $3,351.5 million.
What to watch
- 2027 U.S. and Canada Class 8 truck industry retail sales expected in a range of 240,000–280,000 trucks.
- 2027 European above-16-tonne truck registrations expected in a similar range to 300,000–320,000 trucks.
- 2027 South American above-16-tonne truck market projected in a range of 105,000–115,000 vehicles.
- 2026 capital expenditures projected to be in the range of $650–$700 million and research and development expenses estimated to be in the range $440–$460 million.
- PACCAR Connect availability in Kenworth and Peterbilt Class 8 trucks beginning in early 2027.
- PFS issued $2.38 billion of medium-term notes during the first nine months of the year in support of growing market share.
Balance sheet and cash flow
- Cash and marketable securities were $9,238.2 million at September 30, 2026, compared to $9,253.7 million at December 31, 2025.
- Financial Services Assets were $22,475.9 million at September 30, 2026, compared to $22,803.4 million at December 31, 2025.
- Financial Services Liabilities were $16,559.6 million at September 30, 2026, compared to $17,181.3 million at December 31, 2025.
- Stockholders' equity was $20,929.7 million at September 30, 2026, compared to $19,264.0 million at December 31, 2025.
- Trade and other receivables, net were $2,589.7 million at September 30, 2026, compared to $1,981.1 million at December 31, 2025.
- Inventories, net were $2,571.0 million at September 30, 2026, compared to $2,187.5 million at December 31, 2025.
- Property, plant and equipment, net were $4,515.6 million at September 30, 2026, compared to $4,505.3 million at December 31, 2025.
- Payments for property, plant and equipment were $(429.4) million for the nine months ended September 30, 2026, compared to $(553.1) million for the nine months ended September 30, 2025.
- Acquisitions of equipment for operating leases were $(703.9) million for the nine months ended September 30, 2026, compared to $(467.2) million for the nine months ended September 30, 2025.
- Net cash used in investing activities was $(826.8) million for the nine months ended September 30, 2026, compared to $(1,513.4) million for the nine months ended September 30, 2025.
- Net decrease in debt and other was $(596.3) million for the nine months ended September 30, 2026, compared to $(590.0) million for the nine months ended September 30, 2025.
- Cash and cash equivalents at end of period were $6,151.7 million for the nine months ended September 30, 2026, compared to $6,303.9 million for the nine months ended September 30, 2025.
Analysis
PACCAR reported third-quarter consolidated net sales and revenues of $7,936.5 million, compared with $6,671.8 million in the third quarter of 2025. GAAP net income was $847.5 million, compared with $590.0 million, and diluted net income per share was $1.61, compared with $1.12. Management said revenue increased by 19% and net income increased by 44% compared with the same period last year.
The Truck segment generated $5,602.4 million of third-quarter revenue and $454.5 million of pretax profit, compared with $4,381.4 million and $102.5 million, respectively. Management attributed the profit increase to higher truck segment margins and strong overall business performance. Global truck deliveries were 40,100 units versus 31,900 units, with United States and Canada deliveries of 23,800 units versus 17,100 units.
PACCAR Parts recorded $1,780.0 million of third-quarter revenue and $404.4 million of pretax profit, compared with $1,724.6 million and $410.0 million. Financial Services produced $558.9 million of revenue, compared with $565.3 million, while pretax income rose to $138.1 million from $126.2 million. PFS cited steady finance margins and an improving used truck market, and reported a portfolio of 222,000 trucks and trailers with total assets of $22.5 billion.
For the first nine months, net cash provided by operating activities was $2,520.3 million, compared with $3,271.5 million, while payments for property, plant and equipment were $(429.4) million and acquisitions of equipment for operating leases were $(703.9) million. PACCAR paid $(1,278.0) million of cash dividends and purchased $(5.6) million of treasury stock. Cash and marketable securities were $9,238.2 million at September 30, 2026, while stockholders' equity was $20,929.7 million.
Management projected 2026 capital expenditures of $650–$700 million and research and development expenses of $440–$460 million, and gave 2027 ranges of $650–$700 million and $460–$500 million, respectively. The company expects 2027 U.S. and Canada Class 8 industry retail sales of 240,000–280,000 trucks, European above-16-tonne registrations in a similar range to 300,000–320,000 trucks, and a South American above-16-tonne market of 105,000–115,000 vehicles. PACCAR Connect is planned to be available in Kenworth and Peterbilt Class 8 trucks beginning in early 2027.
Management, verbatim
PACCAR achieved excellent results in the third quarter of 2026. Revenues increased by 19% and net income increased by 44% compared to same period last year.
Preston Feight, chief executive officer
We are experiencing a good year of truck demand in 2026 and we anticipate this to continue next year, supported by U.S. economic growth and continued investments in infrastructure.
John Rich, PACCAR executive vice president and chief technology officer
PFS achieved very good third quarter results due to steady finance margins and an improving used truck market.
Craig Gryniewicz, PACCAR vice president
Not in the filing
stated, not guessed- Third-quarter and nine-month gross margin were not reported.
- GAAP operating income was not reported as a line item.
- Non-GAAP measures for the third quarter of 2026 and the first nine months of 2026 were not reported.
- Free cash flow was not reported.
- Prior-quarter comparisons were not reported.
- Revenue, gross-margin, operating-expense and tax-rate guidance were not reported.
- A previous-release outlook was not provided, so guidance comparisons cannot be made.
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
The filing is a standard 8‑K earnings release for PACCAR, a US‑listed manufacturer of Kenworth and Peterbilt trucks.
Ticker impact
PACCAR reported Q3 2026 revenue up 19% to $7.94B and net income up 44% to $847.5M in its 8‑K filing.
upward pressure as market prices in the earnings beat and higher margins.
Quarterly results exceed prior year by a wide margin; margins improved and parts revenue hit a record, suggesting continued demand.
Market effects
Positive for the Class 8 truck manufacturing sector and related parts suppliers.
May boost US transportation and logistics equities.
Highlights strength in North American heavy‑truck demand, supporting global industrial sentiment.
Counterpoint
If guidance falls short of expectations, the rally could be short‑lived.
Key entities
- CompanyPACCAR Inc.
Truck manufacturer reporting Q3 2026 results.
