Truck maker PACCAR beats Q3 revenue estimates, driven by parts and financial services strength

PACCAR

21/10/2025 13:09

Overview

Paccar Q3 revenue of $6.67 bln beats analyst expectations

Net income for Q3 was $590 mln, down from $972.1 mln last year

Company highlights strong performance in parts and financial services divisions

Outlook

Company projects 2025 capital expenditures of $750-$775 mln

Company expects 2026 R&D expenses to be $450-$500 mln

Company sees 2026 U.S. and Canada Class 8 truck industry retail sales at 230,000-270,000 units

Result Drivers

TRUCK BRANDS - Peterbilt, Kenworth, and DAF trucks contributed to revenue and net income, per CEO Preston Feight

PARTS AND FINANCIAL SERVICES - Strong performance in PACCAR Parts and Financial Services divisions contributed to profits

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$6.67 bln
$6.37 bln (10 Analysts)
Q3 EPS
$1.12
Q3 Net Income
$590 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 12 "hold" and 2 "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 $102.50, about 4.9% above its October 20 closing price of $97.48

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nBwc020GSa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)