What dominates the section
- Climate change creates both disruption risk and pressure to develop lower-emission commercial vehicles.
- Alternative-powertrain competitors could weaken PACCAR’s business if they better satisfy changing customer demand.
- Global operations remain exposed to political instability, fuel and infrastructure disruptions, recessions, and inflation.
The risks most specific to Paccar
- Business and Industry Risks
Unexpected events, including natural disasters, extreme weather events, or pandemics, may increase the Company’s cost of doing business or disrupt the Company’s or its suppliers’ operations. The likelihood or severity of these unexpected events may increase due to the effects of climate change
Natural disasters, extreme weather, pandemics, and climate change could raise costs or disrupt PACCAR and supplier operations while requiring emissions reductions.
- Business and Industry Risks
the success of new and existing competitors in developing and selling alternative powertrain commercial vehicles
Competitors developing and selling alternative-powertrain commercial vehicles could capture customers and harm PACCAR’s business, operations, or financial condition.
- Business and Industry Risks
Political, Regulatory and Economic Risks
PACCAR’s multinational operations could be harmed by political instability, fuel shortages, utility or transportation interruptions, natural calamities, recessions, slower growth, or inflation.
All 3 risk factors
Headings as the filing states them, in filing order.
Business and Industry Risks
- 01Unexpected events, including natural disasters, extreme weather events, or pandemics, may increase the Company’s cost of doing business or disrupt the Company’s or its suppliers’ operations. The likelihood or severity of these unexpected events may increase due to the effects of climate change
- 02the success of new and existing competitors in developing and selling alternative powertrain commercial vehicles
- 03Political, Regulatory and Economic Risks
Other Paccar 10-Ks
- 2026 10-K risk factors
4 risks. Climate change dominates through physical disruptions, emissions-transition costs, evolving regulation, and potential stakeholder litigation.
Filed Feb 18, 2026
About this page
Item 1A of the 10-K on EDGAR was split into its risk factors and, where the company's previous 10-K is on file, each heading was matched to last year's and the text compared word for word. The headings are the filing's own. The one-line readings and the overview were written by a language model from the text of the new, dropped, and rewritten risks; they refer to risks by position and cannot misquote a heading.