PCAR · Paccar Q2 FY2026 earnings call record财报电话会记录

“PACCAR's second quarter revenues were $7.5 billion, and net income was $752 million, an increase of 24% from the first quarter.”

“First half retail sales were 105,000 trucks, and we expect that the second half could be around 145,000, resulting in a full year market size of around 250,000 units.”

“We project the 2026 European above 16 ton market size to be around 310,000 trucks.”

“This year's South American above 16 ton market, where DAF trucks are desired by customers for their durability and advanced technology, is expected to be in the range of 100,000-110,000 vehicles.”

“PACCAR's truck parts and other second quarter gross margins increased from 13.1%-14.4% due to very good overall performance.”

“Increasing truck utilization is beginning to lead to more parts and service activity, and we expect higher parts sales growth in the second half.”

“Revenue from PACCAR Parts Fleet Services program grew 8% in the second quarter, which is an indicator that customers are beginning to increase parts purchases.”

“For the full year, we estimate parts sales growth in the range of 3%-5%.”

“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 mg engines as the year progresses.”

“I'm just curious how you're thinking about margin ramifications, maybe as you start with selling 2026 engines in the first half of next year, but then start to produce on the new engines and just how to think about margin impacts as you do that.”

“Then also on parts, it sounds like maybe some of the larger fleet customers contributing more to the parts demand this year.”

“Just curious as you see the over-the-road market come back and maybe a recovery become more broad-based and see more demand pick up from small and mid-sized fleets just How to think about parts margins maybe as that mix within the customer base shifts a little bit.”