Paccar (PCAR) Q3 2026 Earnings
How Did PCAR Stock React to Q3 2026 Earnings?
Did PCAR Beat Earnings? Q3 2026 Results
Yes. Paccar reported Q3 2026 earnings of $1.61 a share on Oct 27, 2026, beating the $1.60 consensus estimate by 0.6%. Revenue was $7.9B against a $7.5B estimate.
PACCAR delivered a strong third quarter of 2026, with revenue climbing 19.0% year over year to $7.94 billion, beating the $7.54 billion consensus by 5.32%, while GAAP earnings per diluted share of $1.61 edged past the $1.60 estimate by 0.58%, even as some analysts had grown cautious heading into the print. The standout driver was a dramatic rebound in the Truck segment, where pretax profit vaulted to $454.50 million from just $102.50 million a year ago as global deliveries rose to 40,100 units from 31,900, fueled by accelerating fleet refreshment activity in the U.S. and Canada. Net income reached $847.50 million, up from $590.00 million in Q3 2025, underscoring the breadth of the recovery across all three operating segments. Looking ahead, PACCAR sees U.S. and Canada Class 8 retail sales in a range of 240,000 to 260,000 units for 2026 and projects the market expanding to 240,000 to 280,000 units in 2027, with capital expenditures guided at $650 million to $700 million for both years to support continued growth.
- Higher truck segment margins driving significant pretax profit improvement
- Global truck deliveries increased to 40,100 units from 31,900 year-over-year
- U.S. and Canada deliveries surged to 23,800 from 17,100 as fleet refreshment cycles accelerated
- Record PACCAR Parts quarterly revenues of $1.78 billion
- Improving used truck market benefiting PACCAR Financial Services
- Steady finance margins at PFS
“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.”
Paccar CEO, on the earnings call
What Is Paccar's Outlook?
U.S. and Canada Class 8 truck industry retail sales in 2026 are estimated at 240,000–260,000 vehicles, with 2027 expected at 240,000–280,000 trucks. European above-16-tonne registrations are estimated at 300,000–320,000 for both 2026 and 2027. South American above-16-tonne market is projected at 100,000–105,000 trucks in 2026 and 105,000–115,000 in 2027. Capital expenditures are projected at $650–$700 million for both 2026 and 2027. R&D expenses are estimated at $440–$460 million in 2026 and $460–$500 million in 2027. Fleet refreshment cycles, U.S. economic growth, and continued infrastructure investment are expected to support ongoing truck demand.
PCAR YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $7.9B | $6.7B | +19.0% |
| Gross Profit | $1.1B | $1.1B | −1.2% |
| Net Income | $847.5M | $590.0M | +43.6% |
PCAR Revenue by Segment
PCAR Revenue by Geography
When Does Paccar Report Next?
Figures from SEC filings and company reports. Not investment advice.