PACCAR Achieves Excellent Quarterly Revenues and Profits
Key Highlights
- ➤Q3 revenue $7.94B, up 19% year over year
- ➤Q3 net income $847.5M, up 44% year over year
- ➤Global truck deliveries reached 40,100 units in Q3
- ➤2027 U.S. and Canada Class 8 sales forecast 240,000–280,000 trucks
- ➤PACCAR Connect launches in Kenworth and Peterbilt Class 8 trucks in early 2027
Expert Statements
Preston Feight, Chief executive officer of PACCAR
“PACCAR achieved excellent results in the third quarter of 2026. Revenues increased by 19% and net income increased by 44% compared to the same period last year.”
Preston Feight, Chief executive officer of PACCAR
“The increase in quarterly profits resulted from higher truck segment margins and strong overall business performance. PACCAR Parts reported record revenues and PACCAR Financial Services achieved very good profits. I am very proud of our employees who design, build, and deliver the company’s trucks and transportation solutions to our customers.”
John Rich, PACCAR executive vice president and chief technology officer
“Kenworth and Peterbilt’s customers are beginning to refresh their fleets with newer, more fuel efficient trucks.”
John Rich, PACCAR executive vice president and chief technology officer
“We are experiencing a good year of truck demand in 2026 and we anticipate this to continue next year, supported by U.S. economic growth and continued investments in infrastructure.”
Jim Walenczak, DAF president
“DAF trucks’ aerodynamics, fuel-efficiency and unparalleled driver comfort improve customers’ operational performance.”
Jim Walenczak, DAF president
“DAF exhibited a comprehensive range of innovative products, such as new clean diesel- and battery-powered trucks, at the IAA Transportation 2026 commercial vehicle show in Hanover, Germany.”
Jim Walenczak, DAF president
“DAF’s world-class trucks, including the International Truck of the Year 2026 DAF XD Electric and XF Electric trucks, coupled with its expansive dealer network, deliver industry-leading vehicles and aftermarket support for our customers.”
Lance Walters, PACCAR vice president
“South American customers appreciate DAF and Kenworth trucks’ industry-leading durability and reliability, which are an excellent match for the continent’s tough duty-cycles.”
Lily Ley, PACCAR chief information officer
“PACCAR Connect advances our transportation solutions strategy and will serve as a unifying platform that enhances customer productivity while creating new revenue streams for PACCAR.”
Bryan Sitko, PACCAR vice president and PACCAR Parts general manager
“PACCAR Parts’ performance reflects investments in new parts distribution centers (PDCs), transportation solutions such as Managed Dealer Inventory and Fleet Services, and the TRP all-makes brand.”
Bryan Sitko, PACCAR vice president and PACCAR Parts general manager
“PACCAR will add a PDC in France to enhance its logistics infrastructure to support our DAF dealers and customers in the region. This will complement our successful PDC in Massbach, Germany, which opened in 2024.”
Craig Gryniewicz, PACCAR vice president
“PFS achieved very good third quarter results due to steady finance margins and an improving used truck market.”
Craig Gryniewicz, PACCAR vice president
“PFS is a leader in the market with innovative technologies that provide seamless credit application and loan servicing processes, and support for Kenworth, Peterbilt and DAF customers in all phases of the business cycle.”
Terren Drake, PACCAR Financial Corp. president
“PACCAR’s strong balance sheet, complemented by its A+/A1 credit ratings, enables PFS to have excellent access to the commercial paper and medium-term note markets.”
Terren Drake, PACCAR Financial Corp. president
“PFS issued $2.38 billion of medium-term notes during the first nine months of the year in support of growing market share.”
Brice Poplawski, Senior vice president and chief financial officer of PACCAR
“In 2026, capital expenditures are projected to be in the range of $650–$700 million and research and development expenses are estimated to be in the range $440–$460 million.”
Brice Poplawski, Senior vice president and chief financial officer of PACCAR
“In 2027, PACCAR estimates that it will invest $650–$700 million in capital expenditures and $460–$500 million in research and development expenses.”
Brice Poplawski, Senior vice president and chief financial officer of PACCAR
“PACCAR is continuing to invest in next generation clean diesel, hybrid and battery-electric powertrains, integrated connected vehicle services, growing its parts business and enhancing its manufacturing capabilities.”
“PACCAR achieved excellent results in the third quarter of 2026. Revenues increased by 19% and net income increased by 44% compared to the same period last year,” said Preston Feight, chief executive officer. “The increase in quarterly profits resulted from higher truck segment margins and strong overall business performance. PACCAR Parts reported record revenues and PACCAR Financial Services achieved very good profits. I am very proud of our employees who design, build, and deliver the company’s trucks and transportation solutions to our customers.”
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