Filing Flows › Paccar (PCAR) › Q2 2026 › vs Q1 2026
Paccar (PCAR) Q2 2026 vs Q1 2026 (quarter over quarter)
Paccar's revenue rose $770M (+11%) from $6.8B in Q1 2026 to $7.5B in Q2 2026. The biggest changes: Truck Parts and Other +$763M (+12%); Financial Services +$7.5M (+1%). Operating margin 13.0% against 11.5% (+1.5 pts).
Paccar, Q2 2026: revenue $7.5B (+0.5% year over year), operating margin 13.0%, net earnings $752M, operating cash flow $701M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.0% | 11.5% | +1.5 pts |
| Net margin | 10.0% | 8.9% | +1.0 pts |
| Free cash flow margin | 7.4% | 12.2% | -4.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Truck Parts and Other | $7.0B | $6.2B | $763M | +12% |
| Financial Services | $550M | $542M | $7.5M | +1% |
| Revenue | $7.5B | $6.8B | $770M | +11% |
| Operating profit | $982M | $776M | $205M | +26% |
| Costs & expenses | $6.6B | $6.0B | $565M | +9% |
| Pre-tax earnings | $982M | $776M | $205M | +26% |
| Cost of revenue | $6.0B | $5.4B | $572M | +11% |
| Research & development | $114M | $109M | $5.2M | +5% |
| SG&A | $180M | $189M | −$9.6M | -5% |
| Other operating costs | $282M | $285M | −$3.1M | -1% |
| Net earnings | $752M | $605M | $147M | +24% |
| Income tax | $230M | $171M | $58.5M | +34% |
| Depreciation & amortization | $110M | $100M | $9.6M | +10% |
| Share-based compensation | $4.0M | $14.6M | −$10.6M | -73% |
| Working capital & other | $165M | −$251M | $417M | — |
| Operating cash flow | $701M | $972M | −$271M | -28% |
| Free cash flow (OCF − capex) | $555M | $825M | −$269M | -33% |
| Capital expenditures | $145M | $147M | −$1.8M | -1% |
Questions
How much did Paccar's revenue grow quarter over quarter in Q2 2026?
Paccar's revenue rose $770M (+11%) from $6.8B in Q1 2026 to $7.5B in Q2 2026.
What drove Paccar's revenue change in Q2 2026?
Truck Parts and Other +$763M (+12%); Financial Services +$7.5M (+1%).