PACCAR Reports Q3 2026 Financial Results: 19% Revenue Growth and 44% Surge in Net Income

Summary of Filing

On October 27, 2026, PACCAR Inc filed a Form 8-K under Item 2.02 (Results of Operations and Financial Condition) and Item 9.01 (Financial Statements and Exhibits), reporting its financial results for the third quarter ended September 30, 2026.

Key Financial Highlights

Q3 2026 vs. Q3 2025:

• Consolidated Net Sales and Revenues: $7.94 billion, up 19.0% compared to $6.67 billion in Q3 2025.
• Consolidated Net Income: $847.5 million ($1.61 per diluted share), an increase of 43.6% compared to $590.0 million ($1.12 per diluted share) in Q3 2025.
• Global Truck Deliveries: 40,100 units.
• Operating Cash Flow: Generated $847.7 million during the quarter.
• Capital Investments & R&D: $137.6 million in capital expenditures and $108.9 million in research and development.

First Nine Months 2026 vs. 2025:

• Revenues: $22.26 billion compared to $21.62 billion in 2025.
• Net Income: $2.20 billion ($4.18 per diluted share), up from $1.82 billion ($3.45 per diluted share) in 2025 (which included a $264.5 million after-tax civil litigation charge in Europe).
• Operating Cash Flow: $2.52 billion.

Segment Performance

• PACCAR Parts: Set quarterly revenue records at $1.78 billion with pretax income of $404.4 million (nine-month revenues reached $5.24 billion and pretax income totaled $1.22 billion). The company announced plans to expand its distribution infrastructure by adding a new PDC in France.
• PACCAR Financial Services (PFS): Pretax profits rose 9.4% to $138.1 million on revenues of $558.9 million for the quarter, supported by steady finance margins and an improving used truck market. PFS issued $2.38 billion of medium-term notes year-to-date.

Industry Outlook

• U.S. & Canada Class 8 Retail Sales: Estimated at 240,000–260,000 units for 2026, expanding to 240,000–280,000 units in 2027.
• European Heavy-Duty Market (>16-tonne): Estimated at 300,000–320,000 registrations for 2026, with similar projected levels in 2027.
• South American Heavy-Duty Market (>16-tonne): Projected at 100,000–105,000 units in 2026, growing to 105,000–115,000 in 2027.