Highlights

  • Third quarter 2026 net income was $847.5 million, or $1.61 per diluted share, compared with $590.0 million, or $1.12, a year earlier.
  • Consolidated net sales and revenues for the third quarter were $7.94 billion, and global truck deliveries were 40,100 units.
  • PACCAR Parts pretax income was $404.4 million in the third quarter, compared with $410.0 million in the third quarter of 2025.
  • PACCAR projects 2026 capital expenditures of $650 million to $700 million and research and development expenses of $440 million to $460 million.

PACCAR Inc (NASDAQ: PCAR) shares were trading at USD 101.50 on October 27, 2026, down 2.75%, with a relative volume at time of 4.41. The truck maker issued its third quarter 2026 earnings release on October 27, 2026, announced plans for a parts distribution center in France, and gave 2026 and 2027 estimates for truck markets, capital expenditures and research and development.

PACCAR is a Delaware corporation with principal executive offices at 777 106th Avenue NE in Bellevue, Washington. It designs, manufactures and supports light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. It also designs and manufactures powertrains, provides financial services and information technology, and distributes truck parts. Its reported segments are Truck, Parts and Financial Services. The release states that PACCAR Financial Services supports truck sales in 26 countries on four continents.

Third Quarter 2026 Results

PACCAR reported net income of $847.5 million, or $1.61 per diluted share, for the third quarter of 2026, against $590.0 million, or $1.12 per diluted share, in the same period last year. Third quarter revenues were $7.94 billion, against $6.67 billion in the third quarter of 2025. Income taxes were $233.5 million.

Global truck deliveries were 40,100 units, compared with 31,900 units. United States and Canada deliveries were 23,800, Europe 10,400 and Other 5,900. Truck pretax profit was $454.5 million, compared with $102.5 million a year earlier.

PACCAR Parts revenues were $1.78 billion, and pretax income was $404.4 million, compared with $410.0 million in the third quarter of 2025. PACCAR Financial Services pretax income was $138.1 million, compared with $126.2 million, while its revenues were $558.9 million, compared with $565.3 million.

For the first nine months of 2026, net income was $2.20 billion, or $4.18 per diluted share, against $1.82 billion, or $3.45 per diluted share. The prior year period included a $264.5 million after-tax charge related to civil litigation in Europe. Nine month revenues were $22.26 billion, compared with $21.62 billion. Parts pretax income for the nine months was $1.22 billion, compared with $1.25 billion.

Cash Flow, Balance Sheet and Capital

Cash generated from operations was $847.7 million in the third quarter and $2.52 billion in the first nine months. Capital investments were $137.6 million and research and development expenses were $108.9 million in the third quarter. At September 30, 2026, truck, parts and other cash and marketable securities were $9,238.2 million, and stockholders' equity was $20,929.7 million. Cash dividends paid in the nine months were $1,278.0 million. PACCAR Financial Services issued $2.38 billion of medium-term notes in the first nine months.

Developments

PACCAR introduced PACCAR Connect for Kenworth and Peterbilt trucks, an integrated vehicle display platform that it said will be available in Class 8 trucks beginning in early 2027. It also plans to add a parts distribution center in France to support DAF dealers. PACCAR Parts currently has 21 global parts distribution centers.

Outlook and Estimates

PACCAR estimates that United States and Canada Class 8 truck industry retail sales in 2026 will be in a range of 240,000 to 260,000 vehicles, and expects 2027 sales in a range of 240,000 to 280,000 trucks. It estimates European registrations above 16 tonnes at 300,000 to 320,000 trucks this year, with a similar range in 2027. It projects the South American market at 100,000 to 105,000 trucks this year and 105,000 to 115,000 in 2027.

The chief financial officer said 2026 capital expenditures are projected at $650 million to $700 million and research and development expenses at $440 million to $460 million. For 2027, PACCAR estimates $650 million to $700 million in capital expenditures and $460 million to $500 million in research and development expenses. These are forward-looking statements and actual results may differ.