Paccar reported consolidated net sales and revenues of $7.55 billion in the second quarter of 2026, up slightly year over year ($7.51 billion). Net income was also up around 3% at $752 million compared to $723.8 million in the second quarter of 2025.
Paccar Parts hit a record revenues of $1.75 billion in the second quarter.
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"Customers are benefiting from higher freight rates due to constrained industry freight capacity," says John Rich, executive vice president and CTO. "Fleet age has increased as well, providing an opportunity for customers to refresh their fleets with newer, more fuel-efficient trucks. On July 9, the U.S. EPA provided helpful clarification of emissions regulations that will be beneficial to customers as they make truck purchasing decisions for the second half of this year and 2027."
Globally, Paccar delivered 38,700 units in Q2.
"Paccar achieved very good revenues and increased net income by 24% in the second quarter of 2026 compared to the preceding quarter," says Preston Feight, CEO. "Build rates increased during the quarter due to strong orders as customers benefited from Paccar's industry-leading trucks and improved freight rates. I am very proud of our employees and dealers who delivered these trucks and transportation solutions to our customers."
Paccar Parts marks a record
Paccar Parts achieved record revenue in the second quarter of $1.75 billion with a pre-tax profit of $819.3 million in the first six months of 2026.
"The improved North American freight market will increase our customers' truck utilization, which will deliver increased parts and service business," says Bryan Sitko, Paccar vice president and Paccar Parts general manager. "Paccar Parts' performance reflects investments in new parts distribution centers, transportation solutions such as Managed Dealer Inventory and Fleet Services, and a growing number of Paccar trucks with Paccar powertrains in operation."
Paccar Parts has 21 global distribution centers with more than 4 million square feet.
Paccar Financial Services
Paccar Financial Services (PFS) recorded second quarter revenues of $549.7 million, up slightly year over year. It has a portfolio of 222,000 trucks and trailers with total assets of $22.3 billion.
"PFS achieved good first half results due to its steady finance margins and an improving used truck market," says Craig Gryniewicz, Paccar vice president.
PacLease is also included in the PFS segment. It maintains a fleet of 37,000 lease vehicles.
"Paccar's excellent balance sheet, complemented by its A+/A1 credit ratings, enables PFS to offer competitive retail financing to Kenworth, Peterbilt and DAF dealers and customers in 26 countries on four continents," says Terren Drake, Paccar Financial Corporation president.
Investments in products, technologies and facilities
Paccar invested $138.7 million in capital projects and $114.3 million in research and development expenses in the second quarter.
"Capital expenditures are projected to be in the range of $700-$750 million and research and development expenses are estimated to be in the range $450-$480 million in 2026," says Brice Poplawski, senior vice president and CFO. "Paccar continues to invest in next generation clean diesel, hybrid and battery-electric powertrains, integrated connected vehicle services and expanded manufacturing capabilities."
