Polaris Reports Strong Q2 Earnings with Sales Growth and Revised Guidance
Polaris (PII) reported second-quarter results for fiscal year 2026, showing a 9% increase in sales driven by strong performance in the Powersports segment. Organic sales rose 17%, excluding Indian Motorcycle, due to growth in off-road vehicles and commercial lines. Operational adjusted earnings per share reached $1.01—surpassing guidance—and total adjusted EPS was reported at $1.97 after a $74 million tariff refund benefit. The company raised its full-year sales forecast to between $7.3 billion and $7.5 billion, up from previous expectations of flat growth. Adjusted EPS guidance increased to $3.00–$3.10 for the year due to strong operational performance and tariff refunds. Polaris also improved its gross profit margin by 82 basis points despite higher commodity costs. Polaris plans to reduce China-sourced material exposure from 18% in 2024 to below 5% by 2027 as part of a tariff mitigation strategy.
Tickers: $PII
Topics: adjusted_eps guidance_update sales_growth