Paccar Inc

Company facts

Industry

Motor Vehicles & Passenger Car Bodies

Headquarters

Bellevue, Washington

Most recent report

10-Q, filed Jul 29, 2026

Incorporated

Delaware

Filings on record

1,001+ filings

On EDGAR

CIK 75362

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 13 sections worth reading, with 2 positive, 3 notable, and 7 negative flags.

• Financial Statements (Item 1)

  Full financials and notes with credit deterioration and cash decline.
  Notable

  • Equity method investment in Amplify Cell JV: no contributions in H1 2026, max required is $830M, contributed $412.5M.
  • Remaining stock buyback authorization of $371.6M under $500M program; no shares repurchased under plan in 2026.
  Negative

  • Dealer wholesale on watch soared to $66.1M at June 2026 from $8.1M at Dec 2025 due to Brasil dealers.
  • Non-accrual finance receivables rose to $510.7M at June 2026 from $377.5M at Dec 2025.
  • Modifications for customers in financial difficulty more than doubled to $323.5M in H1 2026 from $141.6M.

• Management's Discussion (Item 2)

  Dense operational detail with declining volumes, market share, and rising credit losses.
  Positive

  • Q2 net income up 3.9% to $752M ($1.43/diluted) from $723.8M ($1.37) in Q2 2025.
  • Truck gross margin improved to 9.4% in Q2 2026 from 8.7% in Q2 2025, aided by price realization and lower tariff costs.
  Notable

  • Supreme Court invalidated IEEPA tariffs; filing confirms relief and recovery of previously paid amounts.
  Negative

  • First-half revenue down 4.2% to $14.32B, driven by lower truck deliveries in all major markets except Europe.
  • Heavy-duty market share in U.S./Canada fell to 29.6% in H1 2026 from 30.4% in H1 2025.
  • Medium-duty market share dropped sharply to 12.3% from 14.0% year over year.
  • Financial Services provision for losses nearly doubled to $83.5M in H1 from $47.5M in prior year.

What changed: Jun 2026 vs. Mar 2026

About 12% of PCAR's Jun 2026 10-Q is new information. 57 paragraphs were added, 186 changed, and 22 removed. Below are the most important lines SECSift identified.

• Item 2 135
• Item 1 41
• Item 6 7
• Item 3 1
• Item 1A 1
• Item 5 1