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16:00
Jul 28 ◎

PCAR FY2026 Q2 Watch

PACCAR Inc. (PCAR) FY2026 Q2 Earnings Call

AUR KODK STACK PCAR CMI ▾

Preston Feight

PACCAR confirms ongoing autonomous truck development partnerships with Aurora, Stack, and Kodiak, indicating collaborative progress on autonomous platforms.

"We have good partners. and Aurora and Stack and Kodiak and the others that we work with. So we feel good about the progress we are making on that."

AUR WATCH

Preston Feight

PACCAR lists Kodiak among its autonomous truck partners, highlighting continued collaboration in the autonomous driving space.

"We have good partners. and Aurora and Stack and Kodiak and the others that we work with. So we feel good about the progress we are making on that."

KODK WATCH

Preston Feight

PACCAR identifies Stack AV as a partner in its autonomous vehicle platform, reinforcing its multi-partner approach to autonomous technology.

"We have good partners. and Aurora and Stack and Kodiak and the others that we work with. So we feel good about the progress we are making on that."

STACK WATCH

Preston Feight

The company is clearly bullish on its near-term outlook, citing a strong ramp in production, a favorable EPA ruling that smooths the 2027 transition, and expectations for continued strong market conditions through 2027. Management is confident in its ability to sell out build slots and sees additional volume carrying over into next year.

"So we will sell out of build slots probably in the next month or two here. And as we're out of build slots, then I think there'll be carryover into 2027. And then I think because of the way the EPA implemented this approach, it'll allow"

PCAR WATCH

Preston Feight

New NOx regulations are expected to add ~$6,000-$7,000 per truck in non-conformance fees, less than the ~$10,000+ cost of fully compliant engines, shaping OEM product strategy. — The cost differential makes it more attractive to offer current-generation engines with a penalty, rather than immediately switching to fully compliant (and more expensive) engines, impacting pricing and product mix.

"So both for our excellent PACCAR engines and our partner's engines, Cummins, the plan is to begin 2026 selling those engines and then getting our customers' experience with the 35 milligram engines as the year progresses."

CMI WATCH

HIGH

15:00
Apr 28 ◎

PCAR FY2026 Q1 Watch

PACCAR Inc. (PCAR) FY2026 Q1 Earnings Call

PCAR R ▾

Preston Fite

Guidance is clearly positive: management anticipates sequential margin expansion and volume growth through 2026, driven by a strengthening freight market (customers getting healthier), pre-buy demand ahead of 2027 emissions changes, and operational leverage from increased build rates. The tone is confident about accelerating performance.

"We anticipate continued performance improvements in the second half of the year as our customers benefit from our local-for-local manufacturing strategy, experience better operating conditions, and purchase trucks in front of the coming"

PCAR WATCH

Kevin Boehne

The used truck market is 'beginning to strengthen', and PACCAR's own lease fleet utilization is seeing a 'little bit of increase', signaling the freight recession is easing and replacement demand is being unlocked. — Rising used truck prices (better residuals) improve the economic case for new truck purchases and boost the value of PACCAR's own used truck inventory, a key profit lever for the Financial Services segment.

"we're seeing price utilization and volume demand starting to strengthen as well. So I think between the beginnings of the increase on both of those factors is just another indication that we're starting to see the market improve."

R WATCH

HIGH

17:00
Jan 27 ◎

PCAR FY2025 Q4 Watch

PACCAR Inc. (PCAR) FY2025 Q4 Earnings Call

PCAR ▾

Preston Fite

Management is bullish on 2026, citing tailwinds from Section 232 tariff clarity (which favors their local-for-local manufacturing), EPA 27 emission clarity, improving freight conditions, and 'very strong' order intake in December and January. They expect sequential margin improvement and volume acceleration through the year.

"We look forward to 2026 being a year of accelerated growth for our customers, dealers, and PACCAR."

PCAR WATCH

HIGH

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