Jun 2026 (Q2 FY26) — Jul 28, 2026
PACCAR Q2 FY26 — Strong Truck Performance and Record Parts Revenue
Read the full callPACCAR (PCAR) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
PACCAR earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 7,547 | +0.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 752 | +3.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
22 of 25 judged targets kept · 9 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Quarterly truck deliveries | 37,000 to 38,000 vehicles | Mar 2026 | In the second quarter, PACCAR's truck deliveries increased from 33,000 to 38,700. | Achieved |
| Capital expenditures (full year) | $725 million to $775 million | Sep 2025 | This year, PACCAR is planning capital investments in the range of $700 million to $750 million | Revised Up |
| PACCAR Parts sales growth (quarterly) | about 3% in the second quarter | Mar 2026 | PACCAR Parts performed well and achieved record quarterly revenues of $1.75 billion and quarterly pretax income of $417 million. | Pending |
3 of PACCAR INC's 34 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 31 more targets are in the full ledger.
Claimed
- Q2 revenues of $7.5 billion, with net income up 24% from Q1 to $752 million.
- PACCAR Parts achieved record quarterly revenues of $1.75 billion and pretax income of $417 million, with gross margins increasing to 29.8%.
- Truck deliveries increased from 33,000 in Q1 to 38,700 in Q2, with Q3 estimated to grow to 42,000.
- Truck parts and other gross margins increased from 13.1% to 14.4% in Q2, forecast to be 14.5% in Q3 and further increase in Q4.
- EPA clarification on NOx regulation smooths the 2027 market transition, allowing customers to purchase current engines with a $6,000-$7,000 nonconformance fee, avoiding higher costs of fully compliant engines.
Qualified
- Q2 U.S. deliveries were slightly impacted by supplier constraints, leading to a few hundred trucks not being delivered as planned.
- Third-quarter gross margins for truck parts and other are forecast to be sequentially flat at 14.5% despite higher deliveries, due to a mix shift towards lower-margin fleet trucks and the ratio mix to parts.
Price
$108.42 −2.17% · −$2.4
Performance +14.5% 1Y
1Y: $94.69 on 17 Oct 2025 → $108.42. High $138.21 (28 Jul 2026), low $94.15 (17 Nov 2025).
- Previous close
- $110.82
- 52-week range
- $94.15 – $138.21
- One year
- +11.22%
Overview
- Symbol
- PCAR
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
22 of 25 judged targets kept · 9 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Quarterly truck deliveries | 37,000 to 38,000 vehicles | Mar 2026 | In the second quarter, PACCAR's truck deliveries increased from 33,000 to 38,700. | Achieved |
| Capital expenditures (full year) | $725 million to $775 million | Sep 2025 | This year, PACCAR is planning capital investments in the range of $700 million to $750 million | Revised Up |
| PACCAR Parts sales growth (quarterly) | about 3% in the second quarter | Mar 2026 | PACCAR Parts performed well and achieved record quarterly revenues of $1.75 billion and quarterly pretax income of $417 million. | Pending |
Claimed
- Q2 revenues of $7.5 billion, with net income up 24% from Q1 to $752 million.
- PACCAR Parts achieved record quarterly revenues of $1.75 billion and pretax income of $417 million, with gross margins increasing to 29.8%.
- Truck deliveries increased from 33,000 in Q1 to 38,700 in Q2, with Q3 estimated to grow to 42,000.
- Truck parts and other gross margins increased from 13.1% to 14.4% in Q2, forecast to be 14.5% in Q3 and further increase in Q4.
- EPA clarification on NOx regulation smooths the 2027 market transition, allowing customers to purchase current engines with a $6,000-$7,000 nonconformance fee, avoiding higher costs of fully compliant engines.
Qualified
- Q2 U.S. deliveries were slightly impacted by supplier constraints, leading to a few hundred trucks not being delivered as planned.
- Third-quarter gross margins for truck parts and other are forecast to be sequentially flat at 14.5% despite higher deliveries, due to a mix shift towards lower-margin fleet trucks and the ratio mix to parts.
The full ledger
Open PACCAR INC’s full ledger
A free account opens 5 company ledgers a month. All 34 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 28, 2026
PACCAR Q1 FY26 — Strong Parts & Financial Services Drive Solid Results Amidst Strengthening Truck Market
Read the full callDec 2025 (Q4 FY25) — Jan 27, 2026
PACCAR Q4 FY25 — Record Parts & Financial Services Revenue, Strong Truck Outlook
Read the full callEvery analysed call
PACCAR earnings calls (PCAR)
Financials
What the filings say
Net profit, year on year: +4% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 8,240 | 7,908 | 7,442 | 7,511 | 6,672 | 6,821 | 6,777 | 7,547 |
| Profit before tax | 1,256 | 1,149 | 643 | 932 | 744 | 705 | 776 | 982 |
| Tax rate | 22.6% | 24.1% | 21.5% | 22.3% | 20.7% | 21.0% | 22.0% | 23.4% |
| Net profit | 972 | 872 | 505 | 724 | 590 | 557 | 605 | 752 |
| EPS ($ per share) | 1.85 | — | 0.96 | 1.38 | 1.12 | — | 1.15 | 1.43 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 347 | 346 | 347 | 347 | 522 | 523 | 524 | 525 |
| Reserves | 9,275 | 10,399 | 11,005 | 12,026 | 13,402 | 15,780 | 17,751 | 18,696 |
| Total liabilities | 16,890 | 18,655 | 17,917 | 17,915 | 20,108 | 24,945 | 25,912 | 25,072 |
| Fixed assets | 2,481 | 2,884 | 3,270 | 3,398 | 3,468 | 3,780 | 3,986 | 4,505 |
| Total assets | 25,482 | 28,361 | 28,450 | 29,509 | 33,276 | 40,823 | 43,419 | 44,336 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,992 | 2,860 | 2,987 | 2,187 | 3,027 | 4,190 | 4,641 | 4,416 |
| Cash from investing | -1,931 | -2,207 | -1,876 | -1,363 | -2,033 | -2,871 | -4,487 | -2,267 |
| Cash from financing | 71 | 83 | -1,808 | -883 | 305 | 1,102 | -123 | -3,082 |
| Net cash flow | 1,071 | 739 | -635 | -111 | 1,263 | 2,491 | -121 | -753 |
| Capital expenditure | -458 | -574 | -550 | -559 | -525 | -695 | -839 | -743 |
| Free cash flow | 2,535 | 2,286 | 2,437 | 1,628 | 2,502 | 3,495 | 3,802 | 3,673 |
PCAR revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Truck Parts and Other | 93% | 93% | 93% | 93% | 92% | 92% | 92% | 93% | +0.5% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
PCAR operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|
| Trucks delivered | 40.1KPACCAR delivered 40,100 trucks during the first quarter, and anticipate delivering 37,000 to 39,000 trucks in the second quarter.Source: earnings call transcript | 39.3KPACCAR delivered 39,300 trucks during the second quarter and anticipate delivering around 32,000 to 33,000 in the third Quarter.Source: earnings call transcript | 31.9KPACCAR delivered 31,900 trucks during the third quarter and anticipates delivering around 32,000 in the fourth quarter.Source: earnings call transcript | 32.9KThe PACCAR delivered 32,900 trucks in the fourth quarter and deliveries are forecast to be at a comparable level in the first quarter of 2026.Source: earnings call transcript | 33.1KIn the first quarter, PACCAR delivered 33,100 trucks.Source: earnings call transcript | 38.7KIn the second quarter, PACCAR's truck deliveries increased from 33,000 to 38,700.Source: earnings call transcript | +16.9% |
| Used truck centers PACCAR Financial | — | 13PACCAR Financial operates 13 used truck centers around the world to support the sale of premium Kenworth, Peterbilt and DAF used trucks.Source: earnings call transcript | 13PACCAR Financial operates 13 used truck centers around the world to support the sale of premium Kenworth, Peterbilt and DAF used trucks.Source: earnings call transcript | — | — | — | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
130 filings between Oct 27, 2025 and Sep 2, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$29.01M
17 sales by 8 insiders
Compensation
not trading decisions- 2
- Award — granted as compensation
- 38
- Option exercise — converted options into shares
- 20
- Tax withheld — shares kept back by the company to cover tax
Also filed: 52 other filings, 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| FEIGHT R PRESTON | — | $11.44M | Jul 31, 2026 |
| DOZIER C MICHAEL | — | $10.12M | Feb 3, 2026 |
| Bloch Laura J | — | $1.92M | Feb 3, 2026 |
| Bolgar Paulo Henrique | — | $1.88M | Jul 31, 2026 |
| BANEY KEVIN D | — | $1.22M | Feb 3, 2026 |
| Poplawski Brice J | — | $1.16M | Jul 31, 2026 |
| Gryniewicz Craig R | — | $1.13M | Feb 11, 2026 |
| Walters William Lance | — | $133.5K | Jul 31, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 2, 2026 | Poplawski Brice J Sr. Vice President & CFO | Other | 53 | $6.4K |
| Sep 2, 2026 | FEIGHT R PRESTON CHIEF EXECUTIVE OFFICER | Other | 50 | $6.2K |
| Sep 2, 2026 | Bolgar Paulo Henrique Vice President | Other | 3 | $318 |
| Sep 2, 2026 | Gryniewicz Craig R Vice President | Other | 22 | $2.6K |
| Sep 2, 2026 | Bloch Laura J Senior Vice President | Other | 7 | $868 |
| Sep 2, 2026 | Walters William Lance Vice President | Other | 75 | $9.2K |
| Sep 2, 2026 | Rich John N V.P. & CHIEF TECH. OFFICER | Other | 4 | $461 |
| Sep 2, 2026 | BANEY KEVIN D Executive Vice President | Other | 17 | $2.1K |
| Sep 2, 2026 | PIGOTT MARK C Executive Chairman | Other | 501 | $61.2K |
| Sep 2, 2026 | WALTON MICHAEL K VICE PRESIDENT/GENERAL COUNSEL | Other | 20 | $2.4K |
| Jul 31, 2026 | Bolgar Paulo Henrique Vice President | Sale | 2,897 | $387.9K |
| Jul 31, 2026 | Walters William Lance Vice President | Option exercise | 1,000 | $43.7K |
| Jul 31, 2026 | Poplawski Brice J Sr. Vice President & CFO | Sale | 1,970 | $261.0K |
| Jul 31, 2026 | Poplawski Brice J Sr. Vice President & CFO | Option exercise | 1,970 | $141.7K |
| Jul 31, 2026 | FEIGHT R PRESTON CHIEF EXECUTIVE OFFICER | Sale | 50,975 | $6.78M |
| Jul 31, 2026 | FEIGHT R PRESTON CHIEF EXECUTIVE OFFICER | Option exercise | 70,519 | $5.07M |
| Jul 31, 2026 | Walters William Lance Vice President | Sale | 1,000 | $133.5K |
| Jun 3, 2026 | Walters William Lance Vice President | Other | 80 | $9.1K |
| Jun 3, 2026 | Gryniewicz Craig R Vice President | Other | 23 | $2.6K |
| Jun 3, 2026 | PIGOTT MARK C Executive Chairman | Other | 534 | $61.0K |
| Jun 3, 2026 | Bolgar Paulo Henrique Vice President | Other | 3 | $317 |
| Jun 3, 2026 | Bloch Laura J Senior Vice President | Other | 8 | $866 |
| Jun 3, 2026 | FEIGHT R PRESTON CHIEF EXECUTIVE OFFICER | Other | 54 | $6.1K |
| Jun 3, 2026 | Poplawski Brice J Sr. Vice President & CFO | Other | 56 | $6.4K |
| Jun 3, 2026 | Rich John N V.P. & CHIEF TECH. OFFICER | Other | 4 | $460 |
| Jun 3, 2026 | WALTON MICHAEL K VICE PRESIDENT/GENERAL COUNSEL | Other | 21 | $2.4K |
| Jun 3, 2026 | BANEY KEVIN D Executive Vice President | Other | 18 | $2.1K |
| May 8, 2026 | NIEKAMP CYNTHIA A Director | Tax withheld | 105 | $12.0K |
| May 8, 2026 | NIEKAMP CYNTHIA A Director | Option exercise | 6,981 | $0 |
| Mar 4, 2026 | Rich John N V.P. & CHIEF TECH. OFFICER | Other | 3 | $397 |
| Mar 4, 2026 | FEIGHT R PRESTON CHIEF EXECUTIVE OFFICER | Other | 46 | $5.8K |
| Mar 4, 2026 | WALTON MICHAEL K VICE PRESIDENT/GENERAL COUNSEL | Other | 18 | $2.2K |
| Mar 4, 2026 | BANEY KEVIN D Executive Vice President | Other | 16 | $1.9K |
| Mar 4, 2026 | Poplawski Brice J Sr. Vice President & CFO | Other | 48 | $6.0K |
| Mar 4, 2026 | PIGOTT MARK C Executive Chairman | Other | 461 | $57.6K |
| Mar 4, 2026 | Gryniewicz Craig R Vice President | Other | 20 | $2.4K |
| Mar 4, 2026 | DOZIER C MICHAEL EXECUTIVE VICE PRESIDENT | Other | 53 | $6.7K |
| Mar 4, 2026 | Bolgar Paulo Henrique Vice President | Other | 2 | $261 |
| Mar 4, 2026 | Bloch Laura J Senior Vice President | Other | 6 | $779 |
| Mar 2, 2026 | BANEY KEVIN D Executive Vice President | Tax withheld | 684 | $86.2K |
| Mar 2, 2026 | WALTON MICHAEL K VICE PRESIDENT/GENERAL COUNSEL | Tax withheld | 120 | $15.1K |
| Mar 2, 2026 | Rich John N V.P. & CHIEF TECH. OFFICER | Tax withheld | 292 | $36.8K |
| Mar 2, 2026 | Poplawski Brice J Sr. Vice President & CFO | Tax withheld | 158 | $19.9K |
| Mar 2, 2026 | Gryniewicz Craig R Vice President | Tax withheld | 250 | $31.5K |
| Mar 2, 2026 | FEIGHT R PRESTON CHIEF EXECUTIVE OFFICER | Tax withheld | 3,985 | $502.5K |
| Mar 2, 2026 | DOZIER C MICHAEL EXECUTIVE VICE PRESIDENT | Tax withheld | 706 | $89.0K |
| Mar 2, 2026 | Bolgar Paulo Henrique Vice President | Tax withheld | 296 | $37.3K |
| Mar 2, 2026 | Bloch Laura J Senior Vice President | Tax withheld | 418 | $52.7K |
| Mar 1, 2026 | BANEY KEVIN D Executive Vice President | Option exercise | 1,736 | $0 |
| Mar 1, 2026 | WALTON MICHAEL K VICE PRESIDENT/GENERAL COUNSEL | Option exercise | 490 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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