PACCAR rises as Q3 tops estimates on higher truck deliveries, margin recovery
PCAR•PACCAR reported Q3 earnings of $1.61 per share and revenue of $7.94 billion, topping estimates of $1.59 and $7.85 billion. Net income rose 44% year over year to $847.5 million as global truck deliveries increased to 40,100 from 31,900.
1. Q3 results and outlook
PACCAR’s truck segment revenue rose to $5.60 billion from $4.39 billion a year earlier, while pretax profit increased to $454.5 million from $102.5 million. The company expects 2026 U.S. and Canada Class 8 truck industry retail sales of 240,000 to 260,000 units and 2027 sales of 240,000 to 280,000 units; it projects 2027 capital expenditures of $650 million to $700 million and research and development expenses of $460 million to $500 million.
