Description

Will PACCAR’s H2 Volume Acceleration Arrive Before Supplier And Fuel Headwinds Deepen?

PACCAR Inc. reported first quarter 2026 revenues of $6.8 billion and net income of $605 million, supported by strong contributions from its Parts and Financial Services segments alongside solid truck business growth. The Parts segment generated $1.7 billion in revenues with pretax income of $402 million and a gross margin of 29.6%. The company expects parts sales growth of approximately 3% in the second quarter and between 3% to 6% for the full year. PACCAR Financial Services posted $116 million in pretax income, benefiting from solid asset growth, improved margins, and a strengthening used truck market. The total truck deliveries in the first quarter were 33,100 units, with an estimated increase to 37,000 to 38,000 units in the second quarter. PACCAR projects the U.S.