PACCAR INC (PCAR) Research | Aerarium Research

Forward Estimates

EPS Estimates

Current Qtr

$1.36

$1.29$1.45

vs $1.37-0.9%

10 analysts

Next Qtr

$1.52

$1.44$1.74

vs $1.12+35.7%

9 analysts

Current Yr

$5.69

$5.53$6.12

vs $4.51+26.2%

12 analysts

Next Yr

$6.72

$5.95$7.54

vs $5.69+18.2%

12 analysts

Revenue Estimates

Current Qtr

$7.06B

$6.88B$7.49B

vs $6.96B+1.4%

10 analysts

Next Qtr

$7.24B

$6.87B$7.80B

vs $6.11B+18.5%

8 analysts

Current Yr

$28.42B

$27.64B$29.72B

vs $26.24B+8.3%

12 analysts

Next Yr

$30.79B

$28.62B$32.61B

vs $28.42B+8.3%

12 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for PCAR on EDGAR.

PCAR filing events and research context
Filed	Item	Context
Apr 29, 2026	mda_quarterly	PACCAR reported first-quarter 2026 net income of $605.3 million, up from $505.1 million in the prior-year period, which was impacted by a significant civil litigation charge. Worldwide net sales and revenues declined to $6.78 billion from $7.44 billion, driven by a 17% decrease in truck deliveries amid softer retail demand in North America, Mexico, South America, and Australia. Conversely, Europe saw an 8% increase in deliveries. The Truck segment’s gross margin compressed to 7.0% from 9.7%, pressured by lower volumes, higher tariff costs, and increased material and labor expenses. The Parts segment remains a stable contributor, with revenues rising slightly to $1.71 billion, though segment income fell 6% due to higher direct costs and tariffs. Financial Services income decreased to $115.5 million, reflecting a higher provision for credit losses, particularly in Brazil and the U.S., where freight market weakness and elevated interest rates have increased past-due accounts. PACCAR is actively managing tariff exposure through local manufacturing in North America and is monitoring potential relief following a recent U.S. Supreme Court decision regarding IEEPA-based tariffs. The company continues to invest in next-generation powertrains and autonomous platforms, though it has adjusted the production timeline for its Amplify Cell Technologies battery joint venture.
Feb 18, 2026	business	PACCAR operates three primary segments: Trucks, Parts, and Financial Services. The Truck segment, accounting for 68% of 2025 net sales, manufactures light-, medium-, and heavy-duty commercial vehicles under the Kenworth, Peterbilt, and DAF brands. PACCAR holds a 29.9% share of the North American Class 8 market and a 13.5% share of the European heavy-duty market. While the company produces its own engines—particularly for DAF—it relies on critical long-term supply agreements with Cummins, Eaton, ZF, and Magna, and is dependent on semiconductor availability. The Parts segment contributes 24% of revenues through aftermarket distribution, while Financial Services provides leasing and financing, representing 51% of total assets. Earnings are highly cyclical, driven by freight volumes, economic activity, and commodity prices for steel, copper, and aluminum. Key operational risks include stringent global emissions and fuel efficiency standards mandated by the EPA, EU, and CARB. As of year-end 2025, PACCAR reported a total production backlog of $4.9 billion, with $2.6 billion considered firm. The Financial Services segment is specifically exposed to credit losses and used truck price volatility during economic downturns.
Feb 18, 2026	mda	PACCAR’s 2025 net sales and revenues declined to $28.44 billion from $33.66 billion in 2024, primarily driven by lower truck deliveries across all major markets. Net income fell to $2.38 billion, impacted by lower truck volumes and a $264.5 million after-tax charge related to European civil litigation. While the Truck segment—comprising Kenworth, Peterbilt, and DAF—saw revenues drop to $19.37 billion, the Parts and Financial Services segments grew to $6.87 billion and $2.21 billion, respectively. For 2026, PACCAR forecasts U.S. and Canadian heavy-duty retail sales between 230,000 and 270,000 units and expects Parts sales to increase 4-8%. Key headwinds include U.S. import tariffs, EPA27 NOx emissions limits, and a soft truckload market that has increased credit losses and past-due accounts in Brazil and the U.S. The company plans 2026 capital investments of $725-775 million and R&D spending of $450-500 million, focusing on AI integration, autonomous systems, and the Amplify Cell Technologies battery joint venture. Liquidity remains robust, with $9.52 billion in cash and marketable securities as of December 31, 2025.

Filed

Item

Context

Apr 29, 2026

mda_quarterly

PACCAR reported first-quarter 2026 net income of $605.3 million, up from $505.1 million in the prior-year period, which was impacted by a significant civil litigation charge. Worldwide net sales and revenues declined to $6.78 billion from $7.44 billion, driven by a 17% decrease in truck deliveries amid softer retail demand in North America, Mexico, South America, and Australia. Conversely, Europe saw an 8% increase in deliveries. The Truck segment’s gross margin compressed to 7.0% from 9.7%, pressured by lower volumes, higher tariff costs, and increased material and labor expenses. The Parts segment remains a stable contributor, with revenues rising slightly to $1.71 billion, though segment income fell 6% due to higher direct costs and tariffs. Financial Services income decreased to $115.5 million, reflecting a higher provision for credit losses, particularly in Brazil and the U.S., where freight market weakness and elevated interest rates have increased past-due accounts. PACCAR is actively managing tariff exposure through local manufacturing in North America and is monitoring potential relief following a recent U.S. Supreme Court decision regarding IEEPA-based tariffs. The company continues to invest in next-generation powertrains and autonomous platforms, though it has adjusted the production timeline for its Amplify Cell Technologies battery joint venture.

Feb 18, 2026

business

PACCAR operates three primary segments: Trucks, Parts, and Financial Services. The Truck segment, accounting for 68% of 2025 net sales, manufactures light-, medium-, and heavy-duty commercial vehicles under the Kenworth, Peterbilt, and DAF brands. PACCAR holds a 29.9% share of the North American Class 8 market and a 13.5% share of the European heavy-duty market. While the company produces its own engines—particularly for DAF—it relies on critical long-term supply agreements with Cummins, Eaton, ZF, and Magna, and is dependent on semiconductor availability. The Parts segment contributes 24% of revenues through aftermarket distribution, while Financial Services provides leasing and financing, representing 51% of total assets. Earnings are highly cyclical, driven by freight volumes, economic activity, and commodity prices for steel, copper, and aluminum. Key operational risks include stringent global emissions and fuel efficiency standards mandated by the EPA, EU, and CARB. As of year-end 2025, PACCAR reported a total production backlog of $4.9 billion, with $2.6 billion considered firm. The Financial Services segment is specifically exposed to credit losses and used truck price volatility during economic downturns.

Feb 18, 2026

mda

PACCAR’s 2025 net sales and revenues declined to $28.44 billion from $33.66 billion in 2024, primarily driven by lower truck deliveries across all major markets. Net income fell to $2.38 billion, impacted by lower truck volumes and a $264.5 million after-tax charge related to European civil litigation. While the Truck segment—comprising Kenworth, Peterbilt, and DAF—saw revenues drop to $19.37 billion, the Parts and Financial Services segments grew to $6.87 billion and $2.21 billion, respectively. For 2026, PACCAR forecasts U.S. and Canadian heavy-duty retail sales between 230,000 and 270,000 units and expects Parts sales to increase 4-8%. Key headwinds include U.S. import tariffs, EPA27 NOx emissions limits, and a soft truckload market that has increased credit losses and past-due accounts in Brazil and the U.S. The company plans 2026 capital investments of $725-775 million and R&D spending of $450-500 million, focusing on AI integration, autonomous systems, and the Amplify Cell Technologies battery joint venture. Liquidity remains robust, with $9.52 billion in cash and marketable securities as of December 31, 2025.

Forward Estimates

PCAR filing events and research context

Keep researching PCAR

Related tickers

Related explainers

Forward Estimates