PACCAR earnings: October 27, 2026
The next PACCAR results are expected on October 27, 2026. Watch whether stronger orders become profitable deliveries while margins remain intact.
What has PACCAR guided for the year?
Management’s 2026 heavy-duty market ranges are 230,000–270,000 trucks in the U.S. and Canada and 290,000–330,000 registrations in Europe. South America’s range is 100,000–110,000. These are market forecasts, not PACCAR delivery targets. PACCAR guides to 3.0%–5.0% Parts sales growth and $700.0–$750.0 million in capital investments. R&D guidance is $450.0–$480.0 million.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Truck industry heavy-duty retail sales in the U.S. and Canada (trucks) | Year to Dec 2026 | 230,000 | 270,000 | Jul 29, 2026 |
| Truck industry registrations for over 16-tonne vehicles in Europe (trucks) | Year to Dec 2026 | 290,000 | 330,000 | Jul 29, 2026 |
| Heavy-duty truck industry registrations in South America (trucks) | Year to Dec 2026 | 100,000 | 110,000 | Jul 29, 2026 |
| PACCAR Parts sales increase (%) | Year to Dec 2026 | 3.0% | 5.0% | Jul 29, 2026 |
| Capital investments | Year to Dec 2026 | 700.0 | 750.0 | Jul 29, 2026 |
| R&D | Year to Dec 2026 | 450.0 | 480.0 | Jul 29, 2026 |
What has PACCAR's revenue and profit done lately?
Revenue was $7.55 billion in the quarter to June 2026, while net income rose to $752.0 million from $723.8 million. Diluted earnings per share rose to $1.43 from $1.37. Stronger production rates and better operating effectiveness helped, while firmer freight conditions supported truck orders.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7,546.7 | 6,776.5 | 6,820.8 | 6,671.8 | 7,510.5 | 7,441.7 | 7,907.5 | 8,239.9 |
| Net income | 752.0 | 605.3 | 556.9 | 590.0 | 723.8 | 505.1 | 872.0 | 972.1 |
| EPS, diluted | 1.43 | 1.15 | 1.06 | 1.12 | 1.37 | 0.96 | 1.66 | 1.85 |
What this means. Free cash flow includes the company's financing business, so it is not only cash from selling trucks.
What should investors watch in PACCAR's next results?
The nearest checkpoint is the third-quarter earnings call on October 27, 2026. Investors should listen for changes in order strength, production, margins, and the full-year market and spending outlook. Stronger freight rates can help carriers replace older trucks; weaker freight or higher costs can delay purchases.
Finally, PFS credit provisions should be watched alongside freight conditions. If demand becomes deliveries, the battery plan gains a credible path, and customer payments stabilize, PACCAR should be able to fund its next phase without losing sight of the risks around it.