PACCAR

Q2 FY2026 EarningsQ2 FY26 beat consensus across all key financial metrics, with revenue of $7.55B exceeding expectations by 7.08% and GAAP EPS of $1.43 topping the $1.36 estimate. Strong EBIT outperformance ($981.5M vs. $690.4M expected) was driven by higher price realization and the impact of favorable tariff relief. While worldwide truck deliveries fell 2% YoY, the Truck segment’s pre-tax return improved to 6.9% due to pricing power, offsetting a higher-than-expected effective tax rate of 23.4%.