PACCAR’s first-quarter 2026 revenue fell to $6.78 billion from $7.44 billion a year earlier, while net income rose to $605.3 million from $505.1 million. Earnings per diluted share increased to $1.15 from 96 cents.
PACCAR Parts posted first-quarter revenue of $1.71 billion, up from $1.69 billion, while pretax income declined to $402.3 million from $426.5 million. PACCAR Financial Services reported revenue of $542.2 million, up from $528.0 million, and pretax income of $115.5 million, down from $121.1 million.
Cash provided by operations reached $971.8 million in the quarter. The company spent $135.5 million on capital investment and $109.1 million on research and development. Stockholders’ equity stood at $19.76 billion.
In the truck business, PACCAR said U.S. and Canada Class 8 retail sales are expected to range from 230,000 to 270,000 units in 2026. European truck registrations above 16 tonnes are projected at 280,000 to 320,000 units, while the South American above 16-tonne market is forecast at 100,000 to 110,000 units.
PACCAR Parts operated 21 global parts distribution centers covering more than 4 million square feet and supporting more than 2,000 sales, parts and service locations, along with more than 350 TRP stores. PACCAR Financial Services ended the quarter with a portfolio of 221,000 trucks and trailers and total assets of $22.3 billion. PACCAR said it issued $400 million in medium-term notes during the quarter.
The company said it invested $9.3 billion over the past decade in facilities, products and technologies. For 2026, it expects capital expenditures of $725 million to $775 million and R&D spending of $450 million to $500 million. Following these announcements, the company's shares moved 0.02%, and are now trading at a price of $127.00. Check out the company's full 8-K submission here.
