PACCAR Reports 24% Net Income Increase in Q2 2026
PACCAR earned $752 million in net income in the second quarter of 2026, up 24% from the prior quarter, on revenues of $7.55 billion.
- $752.0 million
- $7.55 billion
- 38,700 units
- $1.75 billion
What Happened
PACCAR reported net income of $752.0 million in the second quarter of 2026, up 24% from the first quarter. Revenues were $7.55 billion, slightly above the $7.51 billion reported in the same quarter last year. CEO Preston Feight attributed the results to increased build rates and strong orders, as customers benefited from PACCAR's industry-leading trucks and improved freight rates.
- $752.0M vs $723.8M
- $7.55B vs $7.51B
- 38,700 units (new)
PACCAR Parts achieved record quarterly revenues of $1.75 billion, and pre-tax income of $417.0 million. The company's financial services segment earned $124.1 million in pre-tax income. Capital investments in the quarter were $138.7 million, while R&D expenses were $114.3 million.
- Net sales and revenues: $14.32 billion
- Net income: $1.36 billion
- PACCAR Parts pre-tax income: $819.3 million
- Cash from operations: $1.67 billion
“Customers are benefiting from higher freight rates due to constrained industry freight capacity. Fleet age has increased as well, providing an opportunity for customers to refresh their fleets with newer, more fuel-efficient trucks.”
The U.S. and Canada Class 8 truck market is expected to be 230,000–270,000 units in 2026. European above 16-tonne registrations are estimated at 290,000–330,000 vehicles, and South America at 100,000–110,000 trucks. PACCAR projects capital expenditures of $700–$750 million and R&D expenses of $450–$480 million for the full year.
Previously from DAF Trucks N.V.
In the first quarter of 2026, PACCAR posted net income of $605.3 million on revenues of $6.78 billion. Earlier in May, DAF Trucks was named 'Truck Manufacturer of the Year' at the Motor Trader Commercial Industry Awards.
- PACCAR reports higher net income in Q1 2026 despite lower revenue
- DAF Trucks Named 'Truck Manufacturer of the Year' at UK Awards
Background drawn from MotorClaw's earlier coverage of DAF Trucks N.V.'s official releases.
Why this matters
The results show PACCAR's financial health is improving, driven by stronger truck orders and higher freight rates. This benefits the company's employees, dealers, and customers, and signals a recovery in the trucking industry.
Terms in This Story
- Class 8 truck
- The heaviest class of commercial trucks in the U.S., with a gross vehicle weight rating over 33,000 pounds.
- PACCAR Parts
- The parts and service division of PACCAR, providing aftermarket support for its truck brands.
Summarised from the linked release; details can be imperfect — always verify against the original source.