Loading
Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jerry Revich | Wells Fargo | 15 (0%) |
| Angel Castillo | Morgan Stanley | 14 (14%) |
| Tami Zakaria | JPMorgan | 14 (14%) |
| Scott Group | Wolfe Research | 14 (21%) |
| Steve Volkmann | Jefferies | 13 (15%) |
| David Raso | Evercore ISI | 13 (0%) |
| Kyle Menges | Citigroup | 13 (23%) |
| Jamie Cook | Truist Securities | 12 (17%) |
| Chad Dillard | Bernstein | 12 (0%) |
| Steve Fisher | UBS | 12 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Wells Fargo | 1 | 15 (0%) |
| UBS | 2 | 14 (0%) |
| JPMorgan | 1 | 14 (14%) |
| Wolfe Research | 1 |
| 14 (21%) |
| Morgan Stanley | 1 | 14 (14%) |
| Evercore ISI | 1 | 13 (0%) |
| Citigroup | 1 | 13 (23%) |
| Jefferies | 1 | 13 (15%) |
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 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $7.91B | -12.9% | $1.66 | -38.5% | 12.7% | 11.0% | $943M |
| FY2025 Q1 | $7.44B | -14.9% | $0.96 | -57.7% | 11.9% | 6.8% | $585M |
| FY2025 Q2 | $7.51B | -14.4% | $1.37 | -35.7% | 11.2% | 9.6% | $445M |
| FY2025 Q3 | $6.67B | -19.0% | $1.12 | -39.5% | 9.5% | 8.8% | $1.22B |
| FY2025 Q4 | $6.82B | -13.7% | $1.06 | -36.1% | 8.8% | 8.2% | $778M |
| FY2026 Q1 | $6.23B | -16.2% | $1.15 | +19.8% | 9.0% | 9.7% | $825M |
| FY2026 Q2 | $7.55B | +0.5% | $1.43 | +4.4% | 11.7% | 10.0% | — |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What PCAR and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“We are really pleased with the engine development programs that are ongoing for us, and we are watching how it is going with our partner Cummins.”
PACCAR continues engine development with supplier/partner Cummins ahead of the 2027 EPA emissions standard, a read-through on Cummins' ongoing engine programs.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
PCAR Paccar | 1 | -16.2% | |
| CAT Caterpillar Inc. | 9 | +22.2% | |
| DE Deere & Company | 9 | +16.3% |