PACCAR Q2 revenue and EPS beat expectations on strong truck orders

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 13 "hold" and 1 "sell" or "strong sell"
• The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"
• Wall Street's median 12-month price target for Paccar Inc is $126.50, about 5.2% below its July 27 closing price of $133.44
• The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 19 three months ago

• Company projects 2026 capital expenditures of $700-$750 mln and R&D expenses of $450-$480 mln
• U.S. and Canada Class 8 truck industry retail sales estimated at 230,000–270,000 units in 2026
• European above 16-tonne truck registrations seen at 290,000–330,000 vehicles in 2026
• Strong truck orders - Co said higher build rates and strong customer orders drove Q2 performance, supported by improved freight rates
• Record parts revenue - PACCAR Parts achieved record quarterly revenues, reflecting higher truck utilization and investments in distribution and service capabilities

PACCAR Q2 revenue and EPS beat expectations on strong truck orders