PACCAR Analyst Day Highlights Stronger Cycle Profits, Parts and Finance Growth

Company touts manufacturing flexibility, AI investments, and plans to target second-owner parts market

Published on Feb. 11, 2026

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PACCAR executives used the company's 2026 Investor Conference to emphasize improved 'cycle-over-cycle' financial performance, a growing contribution from parts and financial services, and ongoing investments in manufacturing flexibility and technology. Presentations covered product launches, regulatory and powertrain strategy, aftermarket growth priorities, and the 2026 outlook.

Why it matters

PACCAR's focus on diversifying its revenue streams beyond truck manufacturing, through parts and financial services, aims to help dampen the cyclicality of its core business. The company's investments in manufacturing flexibility, AI, and a 'local-for-local' production strategy also demonstrate its efforts to adapt to changing market conditions and regulatory requirements.

The details

PACCAR CEO Preston Feight said the company is 'structurally stronger,' citing revenue growth, income increases, and a higher return on revenue. The parts and financial services businesses now account for 71% of profits, up from 43% previously. PACCAR has invested over $5 billion in the past five years on facilities, products, and technologies like flexible manufacturing, new parts distribution centers, clean combustion engines, connected vehicle solutions, autonomous trucks, and zero-emissions vehicles.

  • PACCAR reported record ROIC of 55.5% in 2024.
  • The company expects to meet the U.S. 35 mg NOx mandate for 2027 with two all-new proprietary engine platforms.

The players

PACCAR

A global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles, including the Kenworth, Peterbilt and DAF brands.

Preston Feight

Chief Executive Officer of PACCAR.

Laura Bloch

Senior Vice President at PACCAR.

John Rich

Chief Technology Officer at PACCAR.

Kevin Baney

President at PACCAR.

Brice Poplawski

Chief Financial Officer at PACCAR.

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What they’re saying

“PACCAR is 'structurally stronger,' comparing performance in 2014 and 2025—years he said featured similar truck volumes.”

— Preston Feight, Chief Executive Officer (MarketBeat)

“PACCAR deployed $800 million over the past five years to increase operational flexibility across its manufacturing footprint.”

— Laura Bloch, Senior Vice President (MarketBeat)

“PACCAR's approach is 'profitable growth' and noted PACCAR's 2024 record ROIC of 55.5%.”

— Laura Bloch, Senior Vice President (MarketBeat)

What’s next

PACCAR plans to introduce two all-new proprietary engine platforms to meet the U.S. 35 mg NOx mandate for 2027.

The takeaway

PACCAR's focus on diversifying its revenue streams, investing in manufacturing flexibility and technology, and targeting growth in the parts and financial services businesses demonstrates its efforts to adapt to changing market conditions and regulatory requirements, positioning the company for stronger and more consistent profitability through the business cycle.