Polaris revenue climbs 9% to $2.02 billion

• Polaris reported second-quarter revenue of $2.02 billion, up 9% and above analyst expectations.
• Adjusted earnings per share reached $1.97, helped by $74 million in tariff refunds that added $0.96 per share.
• The company raised its full-year adjusted EPS guidance to $3.00–$3.10 and increased its sales outlook.

Polaris (NYSE:PII) reported second-quarter 2026 revenue of $2.02 billion, up 9% from $1.85 billion a year earlier and above the analyst estimate of $1.92 billion.

Adjusted earnings per share reached $1.97, significantly exceeding the consensus range of $0.72 to $0.77, while net income was $106.4 million compared with a net loss of $79.3 million in the prior-year period.

Polaris said increased shipment volumes, positive pricing and stronger retail demand supported its quarterly performance.

Results included $74 million in tariff refunds, which added approximately $0.96 to adjusted earnings per share, while adjusted gross margin expanded by 446 basis points to 23.9%.

Meanwhile, the company raised its full-year adjusted earnings per share guidance to $3–$3.10 from $1.60–$1.70 and increased its sales forecast to $7.30 billion–$7.50 billion.

Polaris manufactures powersports vehicles, including off-road vehicles, motorcycles, snowmobiles and related products for recreational and commercial customers.

Powersports sales rose 17% to $1.72 billion, total retail sales increased 4% excluding youth products and off-road vehicle retail sales grew 5% as the company entered the second half of 2026 with stronger guidance.