During the second-quarter earnings season for the Auto-Tires-Trucks sector, major companies including Ford, PACCAR, Oshkosh Corp, and Asbury Automotive are set to report results tomorrow. Notably, Tesla missed earnings expectations, while General Motors and Genuine Parts exceeded estimates. The expected growth for the auto sector’s earnings in the second quarter of 2026 is 15.7%, with revenues projected to rise by 2.7% year-over-year.
Ford’s U.S. sales fell by 10% year-over-year to 549,200 vehicles, attributed to supplier disruptions and ongoing challenges in the electric vehicle sector. The Zacks Consensus estimates predict Ford’s earnings at 33 cents per share and automotive revenues at $45.72 billion, reflecting declines of 10.8% and 2.7%, respectively. Similarly, PACCAR anticipates a drop in truck deliveries to about 37,000-38,000 units, with earnings expectations of $1.33 per share and trucking revenues of $5.14 billion, both showing a year-over-year decline.
Oshkosh forecasts a significant decline in refuse vehicle volumes and expects earnings of $2.60 per share, down 24% year-over-year, while Asbury is projected to report $6.30 per share in earnings, a 15% decline compared to the previous year. The overall sentiment in the auto market indicates resilience despite economic pressures, with total sales in the second quarter reaching over 4.1 million vehicles.
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