PACCAR Q1 net income rises to $605.3 million as revenue falls to $6.78 billion
PACCAR reported first quarter 2026 revenue of $6.78 billion, down from $7.44 billion a year earlier, and net income of $605.3 million ($1.15 per diluted share), up from $505.1 million ($0.96) in the first quarter of 2025. The prior-year figure included a $264.5 million after-tax charge for European civil litigation, so the company's adjusted prior-year net income was $769.6 million ($1.46 per diluted share), which is above the current quarter.
Key points
- Q1 2026 revenue of $6.78 billion vs. $7.44 billion in Q1 2025.
- Q1 2026 net income of $605.3 million ($1.15 per diluted share) vs. $505.1 million ($0.96) in Q1 2025.
- Q1 2025 adjusted net income (non-GAAP) was $769.6 million ($1.46 per diluted share), excluding the EC-related claims charge.
- Truck segment pretax profit was $176.2 million vs. $364.9 million; 2026 capital expenditure is projected at $725-$775 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 28, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.