PACCAR Inc. (PCAR) reported first-quarter 2026 earnings of $1.15 per share, surpassing the Zacks Consensus Estimate of $1.13 by 1.8%. This reflects a year-over-year decline from $1.46 per share. Consolidated revenues totaled $6.78 billion, down from $7.44 billion in the same quarter of 2025, largely due to reduced industry volumes. Global new truck deliveries fell to 33,100 units from 40,100 a year ago.
By business line, truck sales were $4.53 billion, compared to $5.23 billion last year, while parts revenues increased slightly to $1.71 billion from $1.69 billion. The company projects U.S. and Canada Class 8 truck retail sales between 230,000 and 270,000 units for 2026, and European registrations of above 16 tonnes are expected to be between 280,000 and 320,000 trucks. PACCAR’s financial services unit reported a pretax income of $115.5 million, a decrease from $121.1 million in the prior year.
PACCAR generated $971.8 million in cash from operations, up from $910.3 million a year earlier, with capital investments totaling $135.5 million. As of March 31, 2026, the company reported total assets of $22.3 billion and cash and marketable securities of $8.60 billion.
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