PACCAR (PCAR) Q3 2026 Earnings Call: Guidance and Outlook
Formal guidance covers the fourth quarter of 2026, alongside annual projections for capital expenditures and research and development for both the current year and 2027.
About PACCAR. PACCAR 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.
Anticipated to increase and be in the range of 41,000 to 43,000.
Fourth quarter gross margins
Remain high and again, be in the range of 14% to 15%.
Annual guidance
Capital expenditures (2026)
Projected to be between $650 million and $700 million.
Research and development expenses (2026)
Will be $440 million to $460 million.
Capital expenditures (2027)
Estimated company investment of $650 million to $700 million in capital projects.
Research and development expenses (2027)
Estimated company investment of $460 million to $500 million in research and development expenses.
Outlook
U.S. and Canadian truck market
Estimated this year's market to be in a range of 240,000 to 260,000 trucks and next year to grow and be in a range of 240,000 to 280,000, driven by economic growth, infrastructure investments, and freight market recovery.
European truck market
Projected this year's above 16-ton market to be in a range of 300,000 to 320,000 units, and in a similar range for 2027, representing continued truck replacement.
South American truck market
Estimated this year's above 16-ton market in the range of 100,000 to 105,000 vehicles and next year to be up slightly in the range of 105,000 to 115,000 trucks.
PACCAR Parts growth
Anticipate continued growth in the fourth quarter and full-year finish within the previously forecasted 3% to 5% range.
Dombey's summary of the PACCAR Q3 2026 earnings call held Oct 27, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.
