Paccar Parts achieved record third quarter revenues of $1.78 billion with a pretax profit of $404.4 million, driven by investments in new distribution centers, managed inventory solutions, and the TRP all-makes brand, while parent company Paccar reported consolidated revenues of $7.94 billion, up 19% year over year.
- Parent company Paccar achieved consolidated net sales of $7.94 billion, up 19% year-over-year
- Global truck deliveries exceeded 40,000 units in Q3, with 280,000 trucks projected for 2027
- Capital investments and R&D spending projected at $650-$700 million and $440-$460 million respectively for 2026
Paccar's parts division saw record revenues in the third quarter, reporting $1.78 billion with a pretax profit hitting $404.4 million.
"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," says Bryan Sitko, Paccar's vice president and Paccar Parts general manager.
[RELATED: Paccar's Calgary PDC celebrates grand opening]
On the whole, Paccar reported consolidated net sales and revenues of $7.94 billion, up 19% year over year.
"Paccar achieved excellent results in the third quarter of 2026," CEO Preston Feight says. "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."
Truck markets
Global truck deliveries topped 40,000, the company says.
"Kenworth and Peterbilt's customers are beginning to refresh their fleets with newer, more fuel efficient trucks," says 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."
The company expects 2026 Class 8 truck industry retail sales to be 240,000-260,000 vehicles. Next year, Paccar says it expects higher sales, up to 280,000 trucks.
In the third quarter, Paccar unveiled its Paccar Connect technology platform at the American Trucking Associations' Management Conference & Exhibition in North Carolina.
[RELATED: Kenworth reveals in-cab refresh for Class 8 lineup]
"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," says Lily Ley, chief information officer.
Paccar Financial Services
Paccar Financial Services (PFS) earned pretax income of $138.1 million in the third quarter, up 9.4% from the same quarter in 2025. Revenues were down slightly to $558.9 million.
"PFS achieved very good third quarter results due to steady finance margins and an improving used truck market," says Craig Gryniewicz.
The PFS portfolio includes 222,000 trucks and trailers and total assets of $22.5 billion, including PacLease's 37,000 vehicles.
"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," says Terren Drake, Paccar Financial Corp. "PFS issued $2.38 billion of medium-term notes during the first nine months of the year in support of growing market share. PFS profitably supports the sale of Paccar trucks in 26 counties on four continents."
Capital investments and R&D
Paccar says its invested $137.6 million in capital projects and $108.9 million in research and development in the third quarter.
"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 of $440-$460 million," says Brice Poplawski, senior vice president and chief financial officer. "In 2027, Paccar estimates that it will invest $650-$700 million in capital expenditures and $460-$500 million in research and development expenses. Paccar is continuing to invest in next generation clean diesel, hybrid and battery-electric powertrains, integrated connected vehicle service, growing its parts business and enhancing its manufacturing capabilities."
