Filing Flows › Paccar (PCAR) › Q1 2026
Paccar (PCAR) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Paccar (PCAR) reported revenue of $6.8B for the first quarter 2026 (Q1 2026), -9% from a year earlier and -0.6% from the quarter before. Operating margin was 11.5%, net earnings $605M (8.9% of revenue).
Paccar, Q1 2026: revenue $6.8B (-9% year over year), operating margin 11.5%, net earnings $605M, operating cash flow $972M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.8B | -0.6% | -9% |
| Operating profit | $776M | +10% | +21% |
| Net earnings | $605M | +9% | +20% |
| Operating cash flow | $972M | -15% | +7% |
| Free cash flow | $825M | -14% | +43% |
What changed
Revenue was $6.8B in Q1 2026, down 9% year over year and down 1% from the previous quarter. Truck Parts and Other was the largest line at 92% of revenue. Truck Parts and Other lost $0.68B year over year (down 10%), 102% of the total change.
Operating profit was $0.78B, a 11.5% margin (up 2.8 points year over year). Total costs fell 12% while revenue fell 9%. Net earnings were $0.61B, up 20% year over year. The effective tax rate was 22.0%.
Operating cash flow was $1.0B (up 7% year over year), 161% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.25B. Capital expenditures of $0.15B left free cash flow of $0.82B.
Questions
What was Paccar's revenue in the first quarter 2026?
Paccar (PCAR) reported revenue of $6.8B for the first quarter 2026 (Q1 2026), -9% from a year earlier and -0.6% from the quarter before.
Was Paccar profitable in the first quarter 2026?
Operating profit was $776M (11.5% of revenue) and net earnings $605M.
Source: Paccar 10-Q on SEC EDGAR.