Polaris raises 2026 earnings outlook after sales rise 10.9%

Polaris (NYSE:PII) reported third-quarter 2026 revenue of $2.04 billion, up 10.9% year over year, and raised its full-year earnings and sales forecasts for the third time this year.

Revenue exceeded analyst expectations of $1.90 billion–$1.92 billion, while adjusted earnings reached $1.08 per share, compared with $0.41 a year earlier.

Net income was $38.4 million, compared with a $15.8 million net loss in the prior-year quarter, while adjusted earnings included $10 million in tariff refunds, equivalent to $0.13 per share.

Polaris raised its 2026 adjusted earnings forecast to $3.50–$3.60 per share from $3.00–$3.10 and increased its sales outlook to $7.55 billion–$7.60 billion from $7.30 billion–$7.50 billion.

For the fourth quarter, the company expects organic sales to remain roughly flat and adjusted earnings of $0.32–$0.42 per share, partly reflecting approximately $0.30 per share in profit shifted into the third quarter.

Polaris Powersports generated $1.82 billion in sales, while the Marine division reported $133.4 million, Aixam and Goupil recorded $68 million, and corporate operations contributed $19.1 million