PACCAR Reports 24% Sequential Net Income Growth in Q2 2026, Record Parts Revenue
PACCAR earned $752 million in net income during the second quarter of 2026, a 24% increase from the prior quarter, driven by strong truck orders and higher freight rates.
$752 million
$7.55 billion
38,700 units
What Happened
PACCAR earned net income of $752.0 million ($1.43 per diluted share) in the second quarter of 2026, up from $723.8 million ($1.37 per diluted share) in the same period last year. Net sales and financial services revenues reached $7.55 billion, compared to $7.51 billion in Q2 2025. Global truck deliveries totaled 38,700 units during the quarter. The company's Parts division posted record quarterly revenues of $1.75 billion, while PACCAR Financial Services contributed $124.1 million in pre-tax income.
“PACCAR achieved very good revenues and increased net income by 24% in the second quarter of 2026 compared to the preceding quarter. Build rates increased during the quarter due to strong orders as customers benefited from PACCAR’s industry-leading trucks and improved freight rates.”
752.0million USD
up 24% from $605.3 million in Q1 2026
- $752.0M vs $723.8M
- $7.55B vs $7.51B
- $1.75B vs $1.72B
- Net sales and revenues: $7.55 billion
- Net income: $752.0 million
- Global truck deliveries: 38,700 units
- Record PACCAR Parts revenues: $1.75 billion
- PACCAR Parts pre-tax income: $417.0 million
- Capital investments: $138.7 million; R&D: $114.3 million
PACCAR’s management provided market outlook: U.S./Canada Class 8 truck retail sales are estimated at 230,000–270,000 units in 2026, European above 16-tonne registrations at 290,000–330,000, and South American above 16-tonne at 100,000–110,000. The company also noted that the U.S. EPA's July 9 clarification on emissions regulations will aid customer purchasing decisions. In the second quarter, DAF Trucks was named 'Truck Manufacturer of the Year' by British Motor Trader magazine.
“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.”
Previously from PACCAR Inc.
In the first quarter of 2026, PACCAR reported revenue of $6.78 billion and net income of $605.3 million. The company also increased its regular quarterly dividend from $0.33 to $0.35 per share in April 2026.
- PACCAR Posts $6.78B Q1 Revenue, Net Income Rises to $605.3M
- PACCAR Increases Regular Quarterly Dividend to $0.35 per Share
Background drawn from MotorClaw's earlier coverage of PACCAR Inc.'s official releases.
Why this matters
PACCAR's earnings beat shows that demand for heavy-duty trucks is rising as freight rates improve and fleet ages. This signals a healthy truck market, benefiting buyers and the broader transportation industry.
Terms in This Story
- Class 8 trucks
- The heaviest class of trucks in the US, typically used for long-haul freight, with a gross vehicle weight rating over 33,000 pounds.
- Diluted share
- Earnings per share calculated assuming all convertible securities are exercised, giving a more conservative profit-per-share figure.
- Above 16-tonne segment
- European truck classification for heavy-duty trucks with a gross vehicle weight over 16 metric tons.
Summarised from the linked release; details can be imperfect — always verify against the original source.