PACCAR (PCAR) Q3 2026 Earnings Call: Net Income Rises 44%, Deliveries Set to Increase
Source Tradingkey
Key Takeaways
- PACCAR reported third-quarter 2026 revenue of $7.94 billion, up 19% year over year, while net income increased 44% to $847.5 million.
- Truck deliveries reached 40,100 units. Management said supply constraints limited third-quarter output but expects deliveries to rise to 41,000–43,000 units in the fourth quarter.
- Trucks, Parts and other gross margin was 14.5%. PACCAR expects a fourth-quarter margin of 14%–15%, with production inefficiencies partly offsetting favorable truck pricing.
- PACCAR Parts generated record quarterly revenue of $1.78 billion. PACCAR Financial Services pretax income rose 9.4% to $138 million.
- Management expects the U.S. and Canadian Class 8 market to expand from 240,000–260,000 trucks in 2026 to 240,000–280,000 in 2027.
- Uncertainty over 2027 nonconformance penalty, or NCP, levels is affecting customer order timing. Management said customers currently prefer proven 200-milligram engines while evaluating lower-NOx technology.
Key Financial Data
| Metric | Q3 2026 result | Change or context |
|---|---|---|
| Revenue | $7.94 billion | Up 19% year over year |
| Net income | $847.5 million | Up 44% year over year |
| Truck deliveries | 40,100 | Constrained by parts availability |
| Trucks, Parts and other gross margin | 14.5% | Management described pricing as favorable |
| PACCAR Parts revenue | $1.78 billion | Record quarterly revenue |
| PACCAR Financial Services pretax income | $138 million | Up 9.4% year over year |
| Operating cash flow, first nine months | $2.5 billion | Greater than net income for the period |
Business and Operating Performance
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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