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Paccar (PCAR)
NASDAQ:PCAR
Earnings Data
Report Date
Apr 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.18Last Year’s EPS
1.46Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive outlook supported by record results in Parts and Financial Services, strong annual profitability, improving margins and constructive market forecasts for 2026. Notable operational achievements, product awards and continued investments in R&D and manufacturing strengthen the long-term position. Lowlights were largely transitional or timing-related (Q4 manufacturing conversion inefficiencies, tariff timing, regulatory cost uncertainty, and near-term pricing competition). Management provided guidance and explanations that these issues are manageable and non-recurring, and expects sequential improvement across 2026.Company Guidance
Strong Quarterly and Annual Financial Results
Q4 2025 revenues of $6.8 billion and net income of $557 million; full-year 2025 revenues of $28.4 billion and adjusted net income of $2.64 billion (fourth highest profit year and 87th consecutive year of profits). Adjusted after-tax return on revenue was 9.3%.
Record Performance at PACCAR Parts
PACCAR Parts achieved record annual revenues of $6.9 billion (up 3% year-over-year) and pretax profits of $1.67 billion. Q4 Parts revenue was a record $1.7 billion (up 4% YoY) with Q4 pretax profit of $415 million. Q4 parts gross margin was 29.5%.
PACCAR Financial Services Growth and Market Share Gain
PACCAR Financial Services reported record 2025 revenues of $2.2 billion and annual pretax income of $485 million (pretax income up 11% YoY). Q4 revenues were a record $569 million and Q4 pretax income rose 10% to $115 million. Market share increased to 27%, a 2 percentage-point gain versus 2024.
Solid Operational Deliveries and Inventory Position
PACCAR delivered 32,900 trucks in Q4 and expects comparable delivery levels in 2026. Company inventory position for Class 8 is 2.2 months versus an industry average of 3.2 months, indicating relatively lean dealer/on-hand inventory.
Positive Outlook and Market Forecasts
North America Class 8 market forecast for 2026 of 230,000–270,000 units; Europe above 16-ton forecast of 280,000–320,000 registrations; South America above 16-ton forecast of 100,000–110,000 trucks. Management expects accelerating demand through 2026.
Strategic Investments and R&D Commitments
2025 capital investments were $728 million and R&D $446 million. Guidance for 2026 capex is $725–$775 million and R&D $450–$500 million to support next-generation clean diesel, hybrid and alternative powertrains, battery cells, connected vehicle services, autonomous platform, and ADAS.
Recognition, New Facilities, and Product Advances
DAF XF and XD electric trucks won International Truck of the Year; DAF named Fleet Truck of the Year in the UK. PACCAR earned an 'A' rating from the Climate Disclosure Project. New engine remanufacturing facility in Mississippi and Kenworth chassis paint facility in Ohio completed; next-gen battery electric trucks introduced by DAF, Kenworth, and Peterbilt.
Parts Growth Guidance and Q1 Momentum
Management forecasts PACCAR Parts sales growth of 4%–8% for 2026 with Q1 expected at +3% YoY. Q1 company gross margin guidance is 12.5%–13%, up from Q4's 12% (expected sequential margin improvement).
PCAR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PCAR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 27, 2026 | $122.11 | $120.81 | -1.06% |
Oct 21, 2025 | $95.93 | $98.26 | +2.43% |
Jul 22, 2025 | $91.13 | $96.70 | +6.10% |
Apr 29, 2025 | $89.97 | $88.26 | -1.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Paccar (PCAR) report earnings?
Paccar (PCAR) is schdueled to report earning on Apr 28, 2026, Before Open (Confirmed).
What is Paccar (PCAR) earnings time?
Paccar (PCAR) earnings time is at Apr 28, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PCAR EPS forecast?
PCAR EPS forecast for the fiscal quarter 2026 (Q1) is 1.18.