Analyst Consensus ?
ConsensusHold45 ratings
Bullish1533.3%
Neutral2760.0%
Bearish36.7%
PACCAR Inc · PCAR · FY2025 Q4 · Calendar Q1 2026
PACCAR posts record results as tariff clarity supports 2026 outlook
The supplied analysis supports a constructive but conditional view: resilient truck, parts and financial-services demand, together with regulatory and tariff clarity, could support margin expansion in 2026. That case depends on backlog quality, freight conditions, inventory discipline and the durability of parts margins.
Reported Before market openNASDAQIndustrials
$58.85B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.06
Consensus $1.06
EPS surprise
0.0%
Reported versus consensus
Reported revenue
$6.25B
Consensus $6.05B
Revenue surprise
+3.3%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-1.1%
Event window
SPY move
+0.4%
Same window
Abnormal move
-1.5%
Stock minus SPY
Volume
1.8×
Versus trailing sessions
Subsequent drift
+3.1%
Up to 20 sessions
PCARSPY benchmark
Ask FN2 about PCAR FY2025 Q4
Transcript, numbers and history already loaded
Why did PCAR fall 1.1% after beating EPS estimates in FY2025 Q4?What changed in PCAR's guidance and outlook in FY2025 Q4?Give me the bull and bear case for PCAR after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The new analysis shifts the focus from the prior quarter’s expected tariff relief and planned capacity investments to realized record Q4 performance, maintained 2026 guidance, stronger parts and financial-services contributions, and expanded electric, autonomous and connected-vehicle priorities.
Guidance delta
Maintained. The supplied analysis points to comparable truck deliveries, 4–8% parts growth and incremental margin expansion in 2026.
Key takeaways
- The supplied analysis describes record Q4 2025 revenue and strong full-year profitability.
- PACCAR Parts and Financial Services were highlighted as record contributors.
- Management linked potential margin improvement and demand support to Section 232 and EPA NOx 27 clarity.
- The 2026 outlook calls for comparable truck deliveries, higher parts growth and incremental margin expansion.
- The main counterweights are soft freight markets, inventory risk and possible supply-chain bottlenecks.
Management priorities
- Execute the 2026 capital plan of $725–$775 million.
- Complete the engine remanufacturing facility in Mississippi and chassis paint facility in Ohio.
- Roll out next-generation battery-electric trucks across Kenworth, Peterbilt and DAF.
- Develop autonomous driving, advanced driver-assistance and connected-vehicle offerings.
- Expand PACCAR Parts and PACCAR Financial Services.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
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Analyst 52W Price Targets
$109.81Current
$42.22Low
$96.17Average
$150High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 30, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| RBC Capital | Outperform | Sector Perform | Upgrade | Sep 10, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 4, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Aug 11, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Jul 30, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Jul 30, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 29, 2026 |
| Truist Securities | Hold | Hold | Maintain | Jul 2, 2026 |
| Freedom Broker | Hold | Buy | Downgrade | Mar 26, 2026 |
| Wolfe Research | Peer Perform | Underperform | Upgrade | Oct 22, 2025 |
| UBS | Neutral | Neutral | Maintain | Oct 22, 2025 |
| B of A Securities | Buy | Buy | Maintain | Jan 29, 2025 |
| Jefferies | Hold | Buy | Downgrade | Dec 6, 2024 |
| Deutsche Bank | Buy | Buy | Maintain | Jul 24, 2024 |
| Goldman Sachs | Neutral | Neutral | Maintain | Apr 16, 2024 |
| Credit Suisse | Neutral | Neutral | Maintain | Jul 26, 2023 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Jul 20, 2023 |
| Argus Research | Hold | Buy | Downgrade | May 2, 2023 |
| BMO Capital | Market Perform | Market Perform | Maintain | Apr 27, 2023 |
| Exane BNP Paribas | Neutral | Underperform | Upgrade | Nov 29, 2022 |
| Vertical Research | Hold | Buy | Downgrade | Aug 17, 2022 |
| Bernstein | Outperform | Market Perform | Upgrade | Dec 22, 2021 |
| Piper Sandler | Neutral | Overweight | Downgrade | May 12, 2020 |
| Cowen & Co. | Market Perform | Underperform | Upgrade | Mar 9, 2020 |
| Bank of America | Buy | Neutral | Upgrade | Nov 14, 2019 |
| Buckingham Research | Neutral | Neutral | Maintain | Oct 23, 2019 |
| Buckingham | Neutral | Neutral | Maintain | Oct 23, 2019 |
| OTR Global | Negative | Mixed | Downgrade | Oct 9, 2019 |
| Loop Capital | Sell | Hold | Downgrade | Jul 2, 2019 |
| Longbow Research | Neutral | Buy | Downgrade | May 6, 2019 |
| Baird | Outperform | Neutral | Upgrade | Feb 7, 2019 |
| PiperJaffray | Overweight | Neutral | Upgrade | Oct 24, 2018 |
| Argus | Hold | Buy | Downgrade | Oct 24, 2018 |
| Mizuho | Neutral | Neutral | Maintain | Jun 29, 2018 |
| Macquarie | Outperform | Neutral | Upgrade | Jun 5, 2018 |
| Susquehanna | Neutral | Neutral | Maintain | Nov 29, 2017 |
| Stifel Nicolaus | Hold | Hold | Maintain | Oct 25, 2017 |
| Stifel | Hold | Hold | Maintain | Oct 25, 2017 |
| Seaport Global | Neutral | Buy | Downgrade | Oct 25, 2017 |
| Barclays | Underweight | Underweight | Maintain | Oct 12, 2016 |
| CLSA | Outperform | Outperform | Maintain | Sep 30, 2016 |
| ISI Group | Buy | Buy | Maintain | Feb 24, 2014 |
| McAdams Wright Ragen | Hold | Sell | Upgrade | Nov 1, 2013 |
| DA Davidson | Buy | Buy | Maintain | Apr 23, 2013 |
| BB&T Capital | Hold | Hold | Maintain | Dec 19, 2012 |
| Bank oferica | Buy | Buy | Maintain | Apr 3, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $109.81. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| RBC Capital | Nick Housden | $150 | $121.88 | +36.6% | Sep 10, 2026 |
| Morgan Stanley | Analyst unavailable | $125 | $124.51 | +13.8% | Sep 4, 2026 |
| Morgan Stanley | Analyst unavailable | $119 | $136.06 | +8.4% | Jul 29, 2026 |
| Bernstein | Chad Dillard | $148 | $134.64 | +34.8% | Jul 29, 2026 |
| Truist Financial | Analyst unavailable | $131 | $121.24 | +19.3% | Jul 2, 2026 |
| Evercore ISI | Analyst unavailable | $139 | $112.87 | +26.6% | May 11, 2026 |
| Truist Financial | Analyst unavailable | $126 | $119.57 | +14.7% | Apr 29, 2026 |
| Wells Fargo | Jerry Revich | $125 | $119.61 | +13.8% | Apr 29, 2026 |
| Morgan Stanley | Analyst unavailable | $109 | $126.61 | -0.7% | Feb 3, 2026 |
| Bernstein | Chad Dillard | $138 | $123.02 | +25.7% | Jan 28, 2026 |
| Wells Fargo | Jerry Revich | $119 | $123.56 | +8.4% | Jan 23, 2026 |
| Bernstein | Chad Dillard | $125 | $110.1 | +13.8% | Dec 5, 2025 |
| Wells Fargo | Analyst unavailable | $106 | $96.55 | -3.5% | Nov 13, 2025 |
| Truist Financial | Jamie Cook | $108 | $100.84 | -1.6% | Oct 22, 2025 |
| UBS | Analyst unavailable | $103 | $99.85 | -6.2% | Oct 22, 2025 |
| Morgan Stanley | Analyst unavailable | $90 | $99.48 | -18.0% | Oct 21, 2025 |
| Jefferies | Stephen Volkmann | $90 | $99.46 | -18.0% | Oct 21, 2025 |
| Wolfe Research | Analyst unavailable | $86 | $100.63 | -21.7% | Oct 21, 2025 |
| Truist Financial | Jamie Cook | $97 | $96.68 | -11.7% | Oct 8, 2025 |
| Evercore ISI | David Raso | $114 | $98.38 | +3.8% | Aug 19, 2025 |
| UBS | Steven Fisher | $100 | $101 | -8.9% | Jul 23, 2025 |
| UBS | Steven Fisher | $108 | $92.36 | -1.6% | Apr 7, 2025 |
| Melius Research | Analyst unavailable | $120 | $100.21 | +9.3% | Mar 18, 2025 |
| Evercore ISI | David Raso | $129 | $92.86 | +17.5% | Nov 13, 2024 |
| Goldman Sachs | Jerry Revich | $121 | $104.79 | +10.2% | Oct 23, 2024 |
| Citigroup | Kyle Menges | $110 | $104.79 | +0.2% | Oct 23, 2024 |
| Truist Financial | Jamie Cook | $103 | $102.8 | -6.2% | Oct 9, 2024 |
| Deutsche Bank | Nicole Deblase | $109 | $95.3 | -0.7% | Jul 24, 2024 |
| Morgan Stanley | Angel Castillo | $147 | $117.71 | +33.9% | Apr 15, 2024 |
| RBC Capital | Nick Housden | $123 | $123.4 | +12.0% | Mar 26, 2024 |
| UBS | Steven Fisher | $136 | $118.33 | +23.9% | Mar 15, 2024 |
| Truist Financial | Jamie Cook | $117 | $115.97 | +6.5% | Mar 13, 2024 |
| Jefferies | Stephen Volkmann | $115 | $87.56 | +4.7% | Jul 17, 2023 |
| Morgan Stanley | Analyst unavailable | $43.26 | $48.68 | -60.6% | Feb 7, 2023 |
| BMO Capital | Analyst unavailable | $44.44 | $48.58 | -59.5% | Feb 1, 2023 |
| Credit Suisse | Analyst unavailable | $46.67 | $44.92 | -57.5% | Jan 12, 2023 |
| Raymond James | Analyst unavailable | $53.33 | $43.8 | -51.4% | Dec 15, 2022 |
| Morgan Stanley | Analyst unavailable | $60.44 | $45.43 | -45.0% | Dec 14, 2022 |
| BNP Paribas | Miguel Borrega | $44.44 | $46.34 | -59.5% | Nov 29, 2022 |
| Credit Suisse | Analyst unavailable | $46.22 | $39.02 | -57.9% | Jul 27, 2022 |
| Morgan Stanley | Analyst unavailable | $36 | $39.02 | -67.2% | Jul 27, 2022 |
| Raymond James | Analyst unavailable | $44.44 | $38.65 | -59.5% | Jul 27, 2022 |
| Raymond James | Felix Boeschen | $42.22 | $37.35 | -61.5% | Jul 19, 2022 |
| Morgan Stanley | Analyst unavailable | $33.33 | $35.75 | -69.6% | Jul 18, 2022 |
| Credit Suisse | Analyst unavailable | $50.22 | $37.25 | -54.3% | Apr 27, 2022 |
| Raymond James | Analyst unavailable | $46.67 | $37.35 | -57.5% | Apr 27, 2022 |
| Credit Suisse | Jamie Cook | $50.67 | $41.72 | -53.9% | Jan 26, 2022 |
| Raymond James | Felix Boeschen | $48 | $41.57 | -56.3% | Jan 26, 2022 |
| UBS | Steven Fisher | $41.78 | $41.57 | -62.0% | Jan 26, 2022 |
| Bernstein | Chad Dillard | $43.56 | $37.32 | -60.3% | Dec 22, 2021 |
| BMO Capital | Joel Tiss | $42.22 | $39.15 | -61.5% | Nov 23, 2021 |
| Citigroup | Timothy Thein | $44.44 | $36.24 | -59.5% | Oct 12, 2021 |
Track every rating change on PCAR the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationPACCAR Inc is a global leader specializing in the design, production, and distribution of commercial trucks, covering light, medium, and heavy-duty classes. Its market reach extends across the United States, Europe, Mexico, South America, Australia, and other international territories. The company's operations are divided into three principal segments: Truck, Parts, and Financial Services. The Truck division focuses on engineering, manufacturing, and supplying vehicles tailored for both long-distance highway travel and challenging off-highway applications, primarily for hauling commercial and consumer goods. These vehicles are sold worldwide through an expansive network of independent dealerships, prominently featuring the Kenworth, Peterbilt, and DAF brands. The Parts segment is dedicated to supplying aftermarket components for its trucks and associated commercial vehicles.…
Historical context
All PCAR earningsIndustrials peers this season
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Latest beats and misses
Who reports nextBeat on EPS
- CCLFY2026 Q3 · September 29, 2026+5.9% EPS+13.4% move
- COSTFY2026 Q4 · September 24, 2026+3.2% EPS+2.9% move
- SNXFY2026 Q3 · September 24, 2026+20.9% EPS-9.9% move
- DRIFY2027 Q1 · September 24, 20260.0% EPS-3.0% move
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
Get the PCAR recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-09-30T20:36:06.651901+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-30T20:36:06.649066+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-30. For educational purposes only; not investment advice.