Paccar (PCAR)
NASDAQ:PCAR
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Earnings Data
Report Date
Jul 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.35Last Year’s EPS
1.37Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operating and financial picture: solid revenue of $6.8B, strong parts and financial services results, improving consolidated margins (13.1% in Q1, guided ~13.5% in Q2), accelerating production and delivery outlook, product/EV awards and sizeable planned capital and R&D investments. However, management also highlighted tangible headwinds — higher raw material and energy costs, tariff uncertainty, a competitive pricing environment, some parts softness early in the year, and potential capacity/supply-chain constraints as production ramps. On balance, the favorable results, clear guidance for margin expansion, strengthened market share and product momentum outweigh the nearer-term challenges noted.Company Guidance
Strong Quarterly Revenue and Profit
Reported revenues of $6.8 billion and net income of $605 million for Q1 2026.
PACCAR Parts Outperformance
PACCAR Parts delivered Q1 revenues of $1.7 billion and pretax income of $402 million with gross margins of 29.6%; parts price was up ~6% year-over-year and parts sales are expected to grow ~3% in Q2 and 3%–6% for the full year.
Financial Services Strength
PACCAR Financial Services posted pretax income of $116 million driven by asset growth, improving margins, and a strengthening used truck market.
Improving Consolidated Margins and Outlook
Company-wide truck, parts and other gross margin rose from 12.0% to 13.1% in Q1 and management forecasts ~13.5% for Q2 with further sequential expansion expected as production volumes increase.
Higher Profit Per Truck Sequentially
Profit per truck rose to about $5.3k in Q1 from $2.9k in the prior quarter (approximately +82.8%), driven by price/cost favorability, favorable mix, and volume leverage.
Increased Production and Delivery Guidance
Delivered ~33,000 trucks in Q1 and expects Q2 deliveries of ~37,000–38,000 vehicles, reflecting rising build rates; management reports being full in Q2 with good visibility into Q3–Q4.
Product & Technology Recognition
DAF XF and XD electric vehicles won International Truck of the Year 2026; DAF expanded EV lineup (XG and XG+) and XF Electric won Eco-Friendly Truck of the Year in Spain, reinforcing EV leadership in Europe.
Capital Allocation for Growth and Innovation
Plans capital investments of $725M–$775M and R&D spend of $450M–$500M to support flexible manufacturing, next-gen powertrains, autonomy and connected vehicle services.
Market Size Estimates & Global Exposure
2026 market estimates provided: U.S./Canada 230k–270k units; Europe above-16-ton 280k–320k; South America above-16-ton 100k–110k, indicating visibility and geographic diversification.
Healthy Dealer Inventory Position
Dealer inventory at PACCAR ~2.8 months (up from 2.2 months in December) versus industry inventory >4 months, indicating relatively lean channel inventory and improved availability.
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 |
|---|---|---|---|
Apr 28, 2026 | $127.20 | $119.61 | -5.97% |
Jan 27, 2026 | $121.79 | $120.50 | -1.06% |
Oct 21, 2025 | $95.68 | $98.01 | +2.43% |
Jul 22, 2025 | $90.90 | $96.44 | +6.10% |
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 Jul 28, 2026, Before Open (Confirmed).
What is Paccar (PCAR) earnings time?
Paccar (PCAR) earnings time is at Jul 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 (Q2) is 1.35.