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Sentiment · FY2026 Q1
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Jerry Revich | Wells Fargo | 12 | 0% |
| Angel Castillo | Morgan Stanley | 12 | 8% |
| Tami Zakaria | JPMorgan | 12 | 8% |
| Scott Group | Wolfe Research | 12 | 25% |
| Mike Feniger | Bank of America | 12 | 17% |
| Dave Raso | Evercore ISI | 11 | 0% |
| Kyle Menges | Citigroup | 11 | 27% |
| Steve Volkmann | Jefferies | 11 | 18% |
| Jamie Cook | Truist Securities | 10 | 10% |
| Rob Wertheimer | Melius Research | 10 | 0% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Wolfe Research | 1 | 12 | 25% |
| JPMorgan | 1 | 12 | 8% |
| Morgan Stanley | 1 | 12 | 8% |
| UBS | 2 |
| 12 |
| 0% |
| Wells Fargo | 1 | 12 | 0% |
| Bank of America | 1 | 12 | 17% |
| Evercore ISI | 1 | 11 | 0% |
| Citigroup | 1 | 11 | 27% |
PACCAR reported Q1 revenues of $6.8 billion with net income of $605 million, showing sequential margin improvement with truck, parts, and other gross margins increasing from 12% to 13.1%. The cyclical revenue decline continued, but price-cost favorability was emerging. The parts business had a slower start with modest growth outlook. Tariff and raw material cost headwinds persisted. Electric vehicle products expanded with new awards. The 2026 market estimate was maintained at 230,000-270,000 units, and 2027 emissions regulations could drive prebuy activity.
Demand | Pricing | Margin | Trade Tariffs | Supply Chain | Competitive Dynamics | Regulation Policy | Revenue Growth | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 9 | 8 | 6 | 1 | 4 | 4 | 4 | 2 |
| 2025Q1 | 9 | 6 | 7 | 14 | 3 | 2 | 2 | 3 |
| 2025Q2 | 14 | 3 | 3 | 6 | 5 | 3 | 2 | |
| 2025Q3 | 11 | 5 | 6 | 9 | 3 | 4 | 4 | 2 |
| 2025Q4 | 13 | 6 | 7 | 3 | 8 | 5 | 2 | 3 |
| 2026Q1 | 14 | 8 | 6 | 2 | 2 | 6 | 3 | 3 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 9 | 9 | 14 | 11 | 13 | 14 |
| Pricing | 8 | 6 | 3 | 5 | 6 | 8 |
| Margin | 6 | 7 | 3 | 6 | 7 | 6 |
| Trade Tariffs | 1 | 14 | 6 | 9 | 3 | 2 |
| Supply Chain | 4 | 3 | 5 | 3 | 8 | 2 |
| Competitive Dynamics | 4 | 2 | 4 | 5 | 6 | |
| Regulation Policy | 4 | 2 | 3 | 4 | 2 | 3 |
| Revenue Growth | 2 | 3 | 2 | 2 | 3 | 3 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
PCAR Paccar | 1 | -16.2% | |
| CAT Caterpillar Inc. | 9 | +22.2% | |
| DE Deere & Company | 6 | +6.7% |