PACCAR Inc (PCAR) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and PACCAR published the results on October 27, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• PACCAR reports no adjusted EPS for Q3 2026. Its only non-GAAP figure this year is for the first nine months of 2025, which excluded a $264.5 million after-tax charge for civil litigation in Europe (EC-related claims) recorded in the first quarter of 2025.
• Financial Services revenue is part of PACCAR's total. The segment rows include the company's own Intersegment Eliminations and Other line so they add to total net sales and revenues.

Source: PACCAR Q3 2026 results, October 27, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How PACCAR splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• PACCAR's Truck revenue was $5.6 billion in Q3 2026, up 28% from $4.4 billion in Q3 2025, 71% of total revenue.
• PACCAR's Parts revenue was $1.8 billion in Q3 2026, up 3% from $1.7 billion in Q3 2025, 22% of total revenue.
• PACCAR's Financial Services revenue was $559 million in Q3 2026, down 1% from $565 million in Q3 2025, 7% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

PACCAR gives no revenue or earnings outlook. Its release gives truck industry ranges: U.S. and Canada Class 8 retail sales of 240,000 to 260,000 vehicles in 2026 and 240,000 to 280,000 in 2027, and European above 16-tonne registrations of 300,000 to 320,000 in 2026 with a similar range in 2027. It also projects 2026 capital expenditures of $650 to $700 million and R&D expenses of $440 to $460 million.

In its Q3 2026 release, PACCAR said:

“We are experiencing a good year of truck demand in 2026 and we anticipate this to continue next year, supported by U.S. economic growth and continued investments in infrastructure.”

Source: PACCAR Q3 2026 release, Oct 27, 2026.

This is the company's own guidance as of Oct 27, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the PCAR forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net sales and revenues and diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for PACCAR's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 27, 2026

PACCAR reported net sales and revenues of $7,936.5 million in Q3 2026, up 19% from $6,671.8 million. The Truck segment brought in $5,602.4 million, Parts $1,780.0 million and Financial Services $558.9 million. Truck accounted for 71% of revenues in the quarter, against 66% a year earlier, and Parts for 22%, against 26%. (PACCAR Q3 2026 release, Oct 27, 2026; PACCAR Form 10-Q, Q3 2026, Oct 28, 2026)

PACCAR builds light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates, and substantially all of them are sold to independent dealers. Kenworth and Peterbilt serve the U.S. and Canada, DAF serves Europe, and Kenworth and DAF are sold in Mexico, Australia and South America. Trucks accounted for 68% of total 2025 net sales and revenues. (PACCAR Form 10-K, 2025, Feb 18, 2026; PACCAR Form 10-Q, Q3 2026, Oct 28, 2026)

Deliveries drove the increase. PACCAR delivered 40,100 trucks, up 26% from 31,900, with the U.S. and Canada up 39% to 23,800 units, Europe up 3% to 10,400, and Mexico, South America, Australia and other up 26% to 5,900. In the 10-Q's bridge, truck sales volume added $1,071.7 million of revenue and higher average truck prices added $114.1 million. (PACCAR Q3 2026 release, Oct 27, 2026; PACCAR Form 10-Q, Q3 2026, Oct 28, 2026)

By region, PACCAR's U.S. and Canada revenue was $5,016.5 million, Europe $1,703.3 million and Other $1,216.7 million. U.S. and Canada truck revenue rose 40% to $3,553.9 million, while Europe truck revenue rose 2% to $1,197.7 million. (PACCAR Q3 2026 release, Oct 27, 2026; PACCAR Form 10-Q, Q3 2026, Oct 28, 2026)

PACCAR Parts had record quarterly revenue of $1.78 billion, which the 10-Q attributes to higher sales in all major markets. Parts gross margin was 28.5%, against 29.5% a year earlier. PACCAR Parts runs 21 parts distribution centers serving more than 2,000 DAF, Kenworth and Peterbilt locations and more than 350 TRP stores. (PACCAR Q3 2026 release, Oct 27, 2026; PACCAR Form 10-Q, Q3 2026, Oct 28, 2026)

PACCAR earned net income of $847.5 million, or $1.61 per diluted share, in Q3 2026, against $590.0 million, or $1.12, a year earlier, an increase of 44%. PACCAR reports no adjusted EPS for the quarter. (PACCAR Q3 2026 release, Oct 27, 2026)

Most of the profit gain came from trucks. Truck pretax income rose from $102.5 million to $454.5 million, and Truck gross margin widened to 10.2% from 5.8%. PACCAR attributes the higher Truck pretax return to higher price realization and lower tariff costs. Parts pretax income slipped to $404.4 million from $410.0 million, while Financial Services pretax income rose 9.4% to $138.1 million. (PACCAR Q3 2026 release, Oct 27, 2026; PACCAR Form 10-Q, Q3 2026, Oct 28, 2026)

Diluted weighted average shares were 527.7 million, against 526.7 million a year earlier, and PACCAR made no repurchases under its $500.0 million program in the first nine months of 2026. The effective tax rate was 21.6%, against 20.7% a year earlier, mainly because of a lower benefit from R&D credits. (PACCAR Q3 2026 release, Oct 27, 2026; PACCAR Form 10-Q, Q3 2026, Oct 28, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

PACCAR does not give a revenue or EPS outlook. Its release and 10-Q give industry volume ranges: U.S. and Canada heavy-duty retail sales of 240,000 to 260,000 units in 2026, against 232,800 in 2025, and 240,000 to 280,000 in 2027. European over 16-tonne registrations are expected at 300,000 to 320,000 units in 2026, against 297,000 in 2025, and South America at 100,000 to 105,000 units. (PACCAR Q3 2026 release, Oct 27, 2026; PACCAR Form 10-Q, Q3 2026, Oct 28, 2026)

PACCAR expects Parts sales to increase around 3% in 2026 and 3-6% in 2027, depending on economic conditions. It projects capital investments of $650 to $700 million in both 2026 and 2027, and R&D of $440 to $460 million in 2026 and $460 to $500 million in 2027. (PACCAR Form 10-Q, Q3 2026, Oct 28, 2026)

A consensus figure is the average of the models published by the analysts who cover PACCAR, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones PACCAR's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning PCAR is on is PCAR a buy or a sell?, what analysts expect next is on the PCAR forecast, and what the company does is on the PACCAR Inc (PCAR) stock page.

Every number on this page can be traced to a document PACCAR published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.