Q3 25 EPS
$1.12
MISS 2.46%
Est. $1.15
Q3 25 Revenue
$6.67B
BEAT +11.05%
Est. $6.01B
vs S&P Since Q3 25
+12.2%
BEATING MARKET
PCAR +20.1% vs S&P +7.9%
Market Reaction
Did PCAR Beat Earnings? Q3 2025 Results
PACCAR delivered a mixed third quarter for fiscal 2025, posting earnings per share of $1.12 that fell just short of the $1.15 consensus estimate by 2.46%, even as revenue of $6.67 billion topped expectations by 11.05%, though that top-line figure sti… Read more PACCAR delivered a mixed third quarter for fiscal 2025, posting earnings per share of $1.12 that fell just short of the $1.15 consensus estimate by 2.46%, even as revenue of $6.67 billion topped expectations by 11.05%, though that top-line figure still represented a steep 19.0% decline from the year-ago period. The primary culprit was a sharp contraction in truck volumes, with global deliveries falling to 31,900 units from 44,900 in Q3 2024, squeezing Truck segment pretax profit to $102.50 million from $630.80 million a year ago as the North American Class 8 market continued to soften. Offsetting some of that cyclical pain, PACCAR Parts proved resilient with pretax income of $410.00 million on revenues of $1.72 billion, underscoring the durability of the aftermarket business. Some institutional investors have trimmed their positions following the results, reflecting caution around near-term margin pressure. Looking ahead, management projects U.S. And Canada Class 8 industry retail sales of 230,000 to 245,000 units in 2025, with a potential expansion to 230,000 to 270,000 in 2026, while capital investments are guided at $750 to $775 million for the full year.
Key Takeaways
- • PACCAR Parts delivered record quarterly revenues of $1.72 billion with pretax income of $410.0 million
- • PACCAR Financial Services benefited from high-quality portfolio and improving used truck market
- • Truck segment pretax profit declined significantly to $102.5 million from $630.8 million year-over-year due to lower volumes
- • Global truck deliveries declined to 31,900 units from 44,900 in Q3 2024
- • Kenworth and Peterbilt achieved 30.3% U.S. and Canada Class 8 market share
PCAR YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
PCAR Revenue by Segment
With YoY comparisons, source: SEC Filings
PCAR Revenue by Geography
With YoY comparisons, source: SEC Filings
“PACCAR delivered good revenues and net income in the third quarter of 2025. Peterbilt, Kenworth and DAF's excellent trucks contributed to the good results. PACCAR Parts and PACCAR Financial Services continued to deliver excellent performance and strong profits. I am very proud of our employees and dealers who delivered outstanding trucks and transportation solutions to our customers.”
— Preston Feight, Q3 2025 Earnings Press Release
PCAR Earnings Trends
PCAR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PCAR EPS Trend
Earnings per share: estimate vs actual
PCAR Revenue Trend
Quarterly revenue: estimate vs actual
PCAR Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.15 | — | $6.78B | +6.03% |
| Q4 25 BEAT FY | $1.06 | $1.06 | +0.00% | $6.82B | +51.41% |
| FY Full Year | $4.49 | $4.51 | +0.52% | $28.44B | +8.86% |
| Q3 25 MISS | $1.15 | $1.12 | -2.46% | $6.67B | +11.05% |
| Q2 25 MISS | $1.37 | $1.37 | -0.26% | $7.51B | +6.76% |
| Q1 25 MISS | $1.59 | $1.46 | -8.43% | $7.44B | +4.93% |