PACCAR said worldwide net sales and revenues for Q2 2025 were $7.51 billion, down from $8.77 billion in 2024, and truck sales were $5.24 billion, down from $6.58 billion. The company cited lower truck deliveries in all major markets.

10-QQuarterly reportFiled Jul 31, 2025Period of report Jun 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

PACCAR said worldwide net sales and revenues for Q2 2025 were $7.51 billion, down from $8.77 billion in 2024, and truck sales were $5.24 billion, down from $6.58 billion. The company cited lower truck deliveries in all major markets.
The company said net income for the first six months of 2025 was $1.23 billion ($2.33 per diluted share), down from $2.32 billion ($4.40 per diluted share) in 2024. Adjusted net income (non-GAAP), excluding an after-tax charge of $264.5 million related to civil litigation in Europe, was $1.49 billion ($2.83 per diluted share).
PACCAR said truck gross margin was 8.7% for Q2 2025, compared to 15.0% in the same period of 2024. The company cited as factors a decrease in revenues of $1.25 billion from lower truck sales volume, a decrease in average sales prices of $153.8 million and an increase in average truck costs of $216.6 million.
The company said cash provided by operating activities for the first six months of 2025 was $1,743.7 million, a decrease of $165.3 million from $1,909.0 million in 2024. In the same period, it paid $1.92 billion in dividends, compared to $1.97 billion in the first six months of 2024.

Key figures

Quarter ended June 30, 2025

Revenue: $7.5B
Net income: $724M
EPS: $1.37

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q2 Net Sales and Truck Sales Decline

PACCAR said worldwide net sales and revenues for Q2 2025 were $7.51 billion, down from $8.77 billion in 2024, and truck sales were $5.24 billion, down from $6.58 billion. The company cited lower truck deliveries in all major markets.

Source · Based on the MD&A text of the filing

6-Month Net Income and Adjusted Net Income

The company said net income for the first six months of 2025 was $1.23 billion ($2.33 per diluted share), down from $2.32 billion ($4.40 per diluted share) in 2024. Adjusted net income (non-GAAP), excluding an after-tax charge of $264.5 million related to civil litigation in Europe, was $1.49 billion ($2.83 per diluted share).

Source · Based on the MD&A text of the filing

Truck Gross Margin Changes and Company Explanation

PACCAR said truck gross margin was 8.7% for Q2 2025, compared to 15.0% in the same period of 2024. The company cited as factors a decrease in revenues of $1.25 billion from lower truck sales volume, a decrease in average sales prices of $153.8 million and an increase in average truck costs of $216.6 million.

Source · Based on the MD&A text of the filing

First Six Months Operating Cash Flow and Dividends

The company said cash provided by operating activities for the first six months of 2025 was $1,743.7 million, a decrease of $165.3 million from $1,909.0 million in 2024. In the same period, it paid $1.92 billion in dividends, compared to $1.97 billion in the first six months of 2024.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗