PACCAR stock: Q3 profit jumps as 2027 truck demand stays firm
Published on 11/05/2026 at 17:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEarnings and demand outlook
- Third-quarter revenue rose 19 percent year over year, while net income increased 44 percent.
- Global truck deliveries reached 40,100 units, and PACCAR Parts set a quarterly revenue record.
- Management expects North American Class 8 demand to remain firm in 2027.
PACCAR reported stronger third-quarter results on October 27, 2026, with revenue, profit and truck deliveries rising from a year earlier. The company also pointed to firm fleet replacement demand and a new connected-vehicle platform planned for early 2027. PACCAR said its third-quarter revenue reached 7.94 billion US dollars, while net income rose to 847.5 million US dollars from 590.0 million US dollars in the year-earlier period. Diluted earnings per share increased to 1.61 US dollars from 1.12 US dollars. The figures come from PACCAR's investor release.
PACCAR stock traded at 95.19 euros on Lang & Schwarz at 5:06 p.m. CET on Thursday, November 5, 2026.
Profit growth meets execution demands
Global truck deliveries increased to 40,100 units from 31,900 a year earlier. Truck revenue rose to 5.60 billion US dollars, while truck pretax profit reached 454.5 million US dollars compared with 102.5 million US dollars in the third quarter of 2025.
PACCAR Parts generated record quarterly revenue of 1.78 billion US dollars. Its pretax profit was 404.4 million US dollars, below 410.0 million US dollars in the prior-year quarter, showing that the parts business supported sales growth without matching last year's pretax result.
Demand outlook extends into 2027
Management estimates US and Canadian Class 8 truck retail sales at 240,000 to 260,000 vehicles in 2026 and expects a range of 240,000 to 280,000 trucks in 2027. European above-16-ton truck registrations are projected at 300,000 to 320,000 in both years, while South American demand is expected to rise to 105,000 to 115,000 vehicles in 2027.
PACCAR expects PACCAR Connect to become available in Kenworth and Peterbilt Class 8 trucks beginning in early 2027. The platform combines vehicle data, fleet telematics and customer applications, giving the company an additional technology and service angle beyond truck production.
The company expects fourth-quarter truck deliveries to increase as suppliers improve their ability to support higher production rates. For investors, the key issue is whether demand translates into consistent output and margins as PACCAR prepares for the 2027 market transition.
The S&P 500 provides the broader US equity market backdrop for the stock.
More news and analyses on PACCAR stock.
PACCAR Inc.
- ISIN: US6937181088
- WKN: 861114
- Ticker: PCAR
- Primary listing: NASDAQ
- Latest quote: 95.19 euros on Lang & Schwarz, Thursday, November 5, 2026, at 5:06 p.m. CET
- Third-quarter revenue: 7.94 billion US dollars
- Third-quarter net income: 847.5 million US dollars
