PACCAR Q2 revenue and EPS beat expectations on strong truck orders

PACCAR

28/07/2026 13:09

Overview
U.S. truck maker's Q2 revenue rose, beating analyst expectations
EPS for Q2 beat analyst expectations
Company cites higher build rates and strong orders amid improved freight rates

Outlook
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

Result Drivers
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

Company press release: ID:nBw5PSKlGa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$7.55 bln
$7.26 bln (8 Analysts)
Q2 EPS
Beat
$1.43
$1.35 (12 Analysts)
Q2 Net Income
 
$752 mln
 

Analyst Coverage
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

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)