Paccar (PCAR) Q2 FY2026 earnings: revenue $7.5 billion, up 0.5% on the year

Paccar Inc. (PCAR) reported revenue of $7.5 billion for Q2 FY2026, the quarter ended 30 June 2026, up 0.5% on the same quarter a year earlier. Net income was $752 million, up 3.9% on the year, and diluted earnings per share $1.43. The figures are the company's own, from the 10-Q it filed with the SEC on 29 July 2026.

Revenue

$7.5 billion

+0.5% on the year · +11.4% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

n/a

Q3 FY2024Q2 FY2026

Net income

$752 million

+3.9% on the year · +24.2% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$1.43

+4.4% on the year · +24.3% on the quarter

Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 raised, 1 lowered, 1 narrowed, 2 kept.

Net income rose to $752.0 million: Net income was $752.0 million, or $1.43 per diluted share, against $723.8 million, or $1.37, a year earlier. Management said net income rose 24% from the preceding quarter.
Build rates rose on orders: Management said build rates increased during the quarter on orders, with customers benefiting from PACCAR trucks and improved freight rates.
Truck pre-tax profit rose in quarter: Truck pre-tax income was $360.5 million against $308.8 million a year earlier, on truck revenue of $5,253.1 million against $5,243.1 million. First-half truck pre-tax income was $536.7 million against $673.7 million.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	7,547	6,776	7,510	+11.4%	+0.5%
Cost of revenue	5,989	5,416	5,995	+10.6%	-0.1%
Gross profit	1,558	1,360	1,515	+14.5%	+2.8%
Gross margin	20.6%	20.1%	20.2%
Research and development	114	109	113	+4.8%	+1.2%
Selling, general and administrative	180	189	179	-5.1%	+0.2%
Pre-tax income	982	776	932	+26.4%	+5.3%
Income tax	230	171	208	+34.2%	+10.3%
Effective tax rate	23.4%	22.0%	22.3%
Net income	752	605	724	+24.2%	+3.9%
Net margin	10.0%	8.9%	9.6%
Diluted EPS	$1.43	$1.15	$1.37	+24.3%	+4.4%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	701	972	833	-27.9%	-15.9%
Capital expenditure	145	147	222	-1.2%	-34.5%
Free cash flow	555	825	611	-32.6%	-9.1%
Free cash flow margin	7.4%	12.2%	8.1%
Cash from investing	-357	-75.0	-618
Cash from financing	-407	-1,552	-291
Depreciation and amortisation	215	100	207	+113.9%	+3.7%
Share-based compensation	4.0	14.6	3.9	-72.6%	+2.6%
Buybacks	0.0	4.8	30.7
Dividends paid	184	909	173	-79.7%	+6.3%
Dividend per share	$0.35	$0.33	$0.33	+6.1%	+6.1%
Diluted shares, weighted	528m	527m	527m	+0.0%	+0.2%
Shares outstanding at period end	526m	526m	525m	+0.0%	+0.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	20,321	19,757	18,943	+2.9%	+7.3%
Debt	14,696	14,946	15,939	-1.7%	-7.8%
Other liabilities	8,962	8,851	9,214	+1.3%	-2.7%
Total liabilities and equity	43,980	43,554	44,095	+1.0%	-0.3%
Cash and equivalents	5,575	5,645	5,550	-1.2%	+0.4%
Other assets	38,405	37,909	38,545	+1.3%	-0.4%
Total assets	43,980	43,554	44,095	+1.0%	-0.3%

Questions

What was Paccar's revenue in Q2 FY2026?

Paccar (PCAR) reported revenue of $7.5 billion for Q2 FY2026, the quarter ended 30 June 2026, up 0.5% on the same quarter a year earlier.

How much did Paccar earn in Q2 FY2026?

Net income for Q2 FY2026 was $752 million, up 3.9% on the year, and diluted earnings per share $1.43.

When did Paccar report Q2 FY2026 results?

Paccar filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 29 July 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	6,686	6,473	7,159	7,059	8,130	8,473	8,881	8,696	9,077	8,744	8,772	8,240	7,908	7,442	7,510	6,672	6,821	6,776	7,547	7,936
Cost of revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	6,674	6,772	6,428	6,196	5,891	5,995	5,345	5,505	5,416	5,989	6,311
Gross profit	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	2,070	2,000	1,812	1,712	1,551	1,515	1,326	1,316	1,360	1,558	1,626
Gross margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	24%	23%	22%	22%	21%	20%	20%	19%	20%	21%	20%
R&D	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	106	117	115	115	115	113	111	106	109	114	109
SG&A	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	187	184	186	187	182	179	180	195	189	180	168
Pre-tax income	651	771	922	980	1,176	919	1,568	1,589	1,641	1,534	1,461	1,256	1,149	643	932	744	705	776	982	1,081
Tax rate	21%	22%	22%	21%	22%	20%	22%	23%	14%	22%	23%	23%	24%	21%	22%	21%	21%	22%	23%	22%
Net income	511	600	720	769	921	734	1,221	1,228	1,417	1,195	1,123	972	872	505	724	590	557	605	752	848
Net margin	8%	9%	10%	11%	11%	9%	14%	14%	16%	14%	13%	12%	11%	7%	10%	9%	8%	9%	10%	11%
Diluted EPS	$0.99	$1.15	$1.38	$1.47	$1.76	$1.40	$2.33	$2.34	$2.70	$2.27	$2.13	$1.85	$1.66	$0.96	$1.37	$1.12	$1.06	$1.15	$1.43	$1.61
Operating cash flow	1,036	459	638	681	1,249	685	976	1,343	1,187	1,469	440	1,286	1,446	910	833	1,528	1,144	972	701	848
Capital expenditure	178	138	128	127	131	139	168	190	198	191	220	194	233	165	222	166	190	147	145	137
Free cash flow	859	321	510	554	1,118	546	807	1,153	989	1,278	220	1,092	1,212	745	611	1,362	954	825	555	711
Buybacks	0.0	1.9	0.0	0.1	0.1	3.0	0.0	0.1	0.4	4.0	0.0	0.5	0.0	4.3	30.7	0.2	0.9	4.8	0.0	0.8
Dividends paid	118	639	118	118	129	1,105	131	141	141	1,816	157	157	157	1,747	173	173	173	909	184	184
Shares outstanding	521m	522m	522m	522m	523m	523m	523m	523m	524m	524m	524m	524m	525m	525m	525m	525m	526m	526m	526m	527m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2026, filed 29 July 2026: the filing.