Polaris Inc. reported second-quarter 2026 results with revenue rising to $2.02B and a return to profitability, posting net income of $106.4M and diluted EPS of $1.82 versus a loss and negative EPS in the year-ago quarter.
Financial Highlights
- Revenue: $2,022.8M for Q2 2026, up from $1,852.7M in the year-ago quarter (9.2% YoY).
- Net income: $106.4M attributable to Polaris Inc. for Q2 2026, versus a loss of $(79.3)M in the year-ago quarter (turnaround YoY).
- Diluted EPS: $1.82 for Q2 2026, compared with $(1.39) in the year-ago quarter (improved YoY).
Business Highlights
- Revenue growth of 9% was driven by higher shipments and net pricing; gross margin expanded about 426 basis points, aided by tariff refunds and favorable mix.
- ORV shipments and growth in power, gas & appliance (PG&A) in the U.S. supported gains; motorcycle volumes declined due to the Indian Motorcycle divestiture.
- Polaris Powersports sales rose 17% in the quarter, supported by higher pricing; Marine and Aixam & Goupil also posted growth from favorable mix and volume.
- Company recognized a $73.9M tariff refund benefit and implemented CAPE refund process impacts; ongoing efforts continue on supply-chain sourcing and localization.
- Dealer inventories for ORV were up roughly 7%; wholesale retail financing activity moderated with lower dealer floorplan levels.
Original SEC Filing:
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