PACCAR Inc (PCAR) Earnings Call Transcripts

PACCAR Inc's Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, PACCAR Inc reported revenues of $7.5 billion and net income of $752 million, marking a 24% increase from the first quarter. The strong performance was attributed to the truck division, which saw deliveries rise from 33,000 to 38,700 units. Management maintained a positive outlook for the second half of the year, projecting U.S. and Canadian heavy truck market sales of approximately 250,000 units for the full year, with expectations for continued growth in truck deliveries and parts sales.

Reported metrics

Guidance from management

Management maintained a strong outlook for the second half of 2026, projecting U.S. and Canadian heavy truck market sales of around 250,000 units for the full year. They expect continued growth in truck deliveries and parts sales, with Q3 gross margins forecasted at 14.5%.

What management said

Good morning, and welcome to PACCAR's Second Quarter 2026 Earnings Conference Call. All lines will be in listen only mode. My name is Ken Hastings, PACCAR's Director of Investor Relations. And joining me this morning are Preston Feight, Chief Executive Officer; Kevin Baney, President; and Brice Poplawski, Senior Vice President and Chief Financial Officer. Certain information presented today will be forward-looking an...

Sure. There's a couple of things. Thanks for the question. Probably one of the things is volume of trucks was higher. And then most significantly, I think our local-for-local production is benefiting PACCAR. I also think that the team did a fantastic job in cost [ controls ] or price [ versus ] cost was favorable for us, even more than we thought it would be. So that was also a positive. Those are the biggest majorit...

What analysts pressed on

Analysts expressed concerns about the unexpected decline in U.S. and Canadian deliveries despite overall strong performance. There are worries about potential supply constraints affecting future deliveries and the impact of regional market dynamics on profitability.

Main topics on the call

• Strong Truck Division Performance — PACCAR's truck deliveries increased significantly, from 33,000 to 38,700 units in Q2, with management projecting further growth to around 42,000 in Q3. CEO R. Feight noted, "The U.S. economy is growing and the truck mark...
• Record PACCAR Parts Revenue — PACCAR Parts achieved record revenues of $1.75 billion in Q2, with a pretax income of $417 million. Management highlighted an 8% growth in revenue from their Fleet Services Program, indicating increased parts purchases b...
• Gross Margin Improvement — Gross margins for truck parts increased from 13.1% to 14.4% due to higher truck volumes and effective cost controls. Management expects Q3 margins to be strong at 14.5%, with further improvements anticipated in Q4.
• EPA Regulatory Impact — Management discussed the recent EPA clarification on NOx emissions regulations, which extends the timeline for compliant engines. This is expected to positively influence the truck market in 2027, as customers will have ...

Read the full PACCAR Inc transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 33 PACCAR Inc earnings call transcripts on record, spanning January 28, 2020 to July 28, 2026. Based on this history, PACCAR Inc reports quarterly. The most recent call on file is dated July 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

PCAR

Exchange

NasdaqGS

Country

US

Sector

Industrials

Industry

Machinery

Calls on record

33

First call

January 28, 2020

Most recent

July 28, 2026

Reporting cadence

quarterly