What changed
PACCAR beat consensus with EPS of $1.43, up 4.4% from $1.37 a year ago, on revenue of $7.55B (+0.5% YoY). Revenue growth was modest, but net income surged 24% QoQ, driven by higher build rates and strong truck orders amid improved freight rates. The key nuance: Q2 results exclude the $264.5M European litigation charge that weighed on H1 2025, making the YoY comparison cleaner; record Parts revenue of $1.75B (+$417M pre-tax) highlights resilient aftermarket strength.
Why it matters
PACCAR beat consensus with EPS of $1.43, up 4.4% from $1.37 a year ago, on revenue of $7.55B (+0.5% YoY). Revenue growth was modest, but net income surged 24% QoQ, driven by higher build rates and strong truck orders amid improved freight rates. The key nuance: Q2 results exclude the $264.5M European litigation charge that weighed on H1 2025, making the YoY comparison cleaner; record Parts revenue of $1.75B (+$417M pre-tax) highlights resilient aftermarket strength.
← Dashboard
Jul 28, 2026 12:41 PM ET