PACCAR Q2 Revenue and EPS Beat on Strong Truck Orders, Record Parts Revenue
PCAR sits 45% above its 52-week low of $92.25.
Summary
PACCAR delivered a clean Q2 beat with revenue of $7.55B and EPS of $1.43, topping consensus by roughly 4% and 6% respectively. Higher build rates and strong customer orders drove the outperformance, supported by improved freight rates. PACCAR Parts hit a record quarter, reflecting higher truck utilization and distribution investments. The company guided 2026 capex to $700-$750M and R&D to $450-$480M, while projecting U.S./Canada Class 8 retail sales of 230,000-270,000 units and European truck registrations of 290,000-330,000 vehicles. The stock is trading near its 52-week high, and this beat reinforces the cyclical upswing narrative. With a hold consensus and a median price target below the current price, the market may reassess valuation on the back of these numbers.
At the time of this announcement, PCAR was trading at $133.51 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $70.2B. The 52-week trading range was $92.25 to $134.27. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.