PACCAR (NASDAQ:PCAR) Releases Earnings Results, Meets Expectations

Posted by Geri Gentry on Oct 29th, 2026

PACCAR (NASDAQ:PCAR – Get Free Report) posted its earnings results on Tuesday. The company reported $1.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.61, FiscalAI reports. The company had revenue of $8.50 billion for the quarter, compared to analyst estimates of $7.48 billion. PACCAR had a return on equity of 12.73% and a net margin of 9.00%. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 earnings per share.

Here are the key takeaways from PACCAR’s conference call:

Strong third-quarter results: Revenue rose 19% year over year to $7.94 billion, while net income increased 44% to $847.5 million. Trucks, Parts, and Financial Services all contributed to the solid performance.
Paccar expects fourth-quarter truck deliveries to increase to 41,000–43,000 units, with gross margins remaining strong at approximately 14%–15%. Management also projects a larger North American Class 8 market in 2027.
Paccar Parts delivered record revenue of $1.78 billion, supported by market-share gains, TRP all-makes expansion, fleet services, and dealer growth. Management expects continued Parts growth in the fourth quarter and 2027.
Supplier capacity constraints limited third-quarter deliveries and created production inefficiencies that may restrain fourth-quarter margins. Management said higher build rates have put pressure on suppliers, although conditions are improving.
Customer ordering for 2027 is increasing, but demand remains partly dependent on the government’s unresolved emissions-related NCP levels. Fleets generally prefer proven 200-milligram engines before adopting newer lower-NOx technology, leaving first-half 2027 volumes and pricing uncertain.

PACCAR Price Performance

Shares of NASDAQ PCAR opened at $102.42 on Thursday. The company has a market cap of $53.91 billion, a PE ratio of 21.52, a P/E/G ratio of 1.23 and a beta of 0.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.90 and a current ratio of 3.12. PACCAR has a fifty-two week low of $93.86 and a fifty-two week high of $139.24. The business has a 50-day simple moving average of $115.86 and a two-hundred day simple moving average of $120.32.

PACCAR Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 11th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. PACCAR’s payout ratio is 29.41%.

Insider Buying and Selling

In related news, CFO Brice J. Poplawski sold 1,970 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $132.50, for a total transaction of $261,025.00. Following the sale, the chief financial officer owned 1,391 shares in the company, valued at approximately $184,307.50. This trade represents a 58.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP William Lance Walters sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $133.50, for a total value of $133,500.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 56,842 shares of company stock valued at $7,565,677 in the last quarter. Corporate insiders own 1.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PCAR shares. Truist Financial lowered their target price on PACCAR from $125.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday. Sanford C. Bernstein reiterated an “outperform” rating and set a $148.00 price target (up from $142.00) on shares of PACCAR in a report on Wednesday, July 29th. BNP Paribas Exane cut their target price on PACCAR from $136.00 to $107.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. Morgan Stanley set a $125.00 target price on shares of PACCAR and gave the company an “equal weight” rating in a report on Friday, September 4th. Finally, JPMorgan Chase & Co. lowered their target price on shares of PACCAR from $142.00 to $132.00 and set an “overweight” rating for the company in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, PACCAR currently has an average rating of “Hold” and a consensus target price of $132.96.

Read Our Latest Report on PACCAR

About PACCAR

(Get Free Report)

PACCAR Inc (NASDAQ: PCAR) is a global manufacturer of heavy- and medium-duty trucks. Through its Kenworth, Peterbilt and DAF brands, the company produces vehicles used for long-haul transportation, construction, distribution and other commercial applications. PACCAR also manufactures PACCAR-branded engines and provides related parts and aftermarket support.

The company’s operations extend across North America, Europe, South America, Australia and other international markets. In addition to truck manufacturing, PACCAR operates a worldwide parts distribution network and offers financial services, including retail financing and leasing for trucks and related equipment.