--- title: "Polaris | 8-K: FY2026 Q2 Revenue: USD 2.023 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294140751.md" datetime: "2026-07-29T02:32:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294140751.md) - [en](https://longbridge.com/en/news/294140751.md) - [zh-HK](https://longbridge.com/zh-HK/news/294140751.md) --- # Polaris | 8-K: FY2026 Q2 Revenue: USD 2.023 B Revenue: As of FY2026 Q2, the actual value is USD 2.023 B. EPS: As of FY2026 Q2, the actual value is USD 1.82, beating the estimate of USD 0.6874. EBIT: As of FY2026 Q2, the actual value is USD 167.1 M. #### Second Quarter 2026 Financial and Operational Highlights Polaris Inc.’s second quarter sales reached $2,023 million, marking a nine percent increase compared to the previous year. Total retail sales (excluding Youth) increased four percent year-over-year, and ORV retail sales (excluding Youth) rose five percent. The second quarter results included $74 million in tariff refunds, which contributed $0.96 to adjusted EPS. #### Key Financial Data (Q2 2026) - Sales were $2,022.8 million, representing a 9% year-over-year change. - Gross Profit Margin was 23.6%, an increase of 426 basis points. - Adjusted Gross Profit Margin was 23.9%, an increase of 446 basis points. - Total Operating Expenses were $346.3 million, a decrease of 12% year-over-year. - Net Income Attributable to Polaris Inc. was $106.4 million. - Adjusted Net Income Attributable to Polaris Inc. was $115.0 million, a 402% year-over-year increase. - Net Income Attributable to Polaris Inc. Margin was 5.3%, an increase of 954 basis points. - Adjusted EBITDA Margin was 11.8%, an increase of 540 basis points. #### Performance Summary (Q2 2026) Worldwide sales were $2,023 million, up nine percent versus the second quarter of 2025. North America sales were $1,755 million, an 11 percent increase from $1,584 million in the second quarter of 2025, representing 87 percent of total sales. International sales were $268 million, down almost one percent. Gross profit margin increased 426 basis points to 23.6 percent, while adjusted gross profit margin of 23.9 percent increased 446 basis points. Operating expenses were $346 million, down from $395 million in Q2 2025, which included a $52.6 million impairment charge. Operating expenses as a percentage of sales were 17.1 percent, a decrease of 419 basis points. Net income attributable to Polaris Inc. was $106 million, compared to a net loss of - $79 million in the second quarter of 2025. Adjusted net income attributable to Polaris Inc. was $115 million. #### Segment Highlights (Q2 2026) - **Polaris Powersports**: Sales were $1,715.2 million, up 17% from $1,460.2 million in Q2 2025. Gross profit margin was 25.1%, an increase of 442 basis points from 20.6% in Q2 2025. Parts, Garments & Accessories (PG&A) sales increased 21%, and North America ORV unit retail sales saw mid-single-digit growth. - **Marine**: Sales were $179.5 million, up 16% from $155.3 million in Q2 2025. Gross profit margin was 17.3%, an increase of 21 basis points from 17.1% in Q2 2025. - **Aixam & Goupil**: Sales were $85.8 million, up 6% from $81.2 million in Q2 2025. Gross profit margin was 28.7%, an increase of 242 basis points from 26.3% in Q2 2025. PG&A sales increased two percent. - **Corporate**: Sales were $42.3 million, compared to $156.0 million in Q2 2025. #### Consolidated Statements of Income (Loss) (Six Months Ended June 30) - Sales for 2026 were $3,681.5 million, compared to $3,388.5 million for 2025. - Gross Profit for 2026 was $813.1 million, compared to $604.2 million for 2025. - Operating Income for 2026 was $109.7 million, compared to an Operating Loss of - $49.0 million for 2025. - Net Income Attributable to Polaris Inc. for 2026 was $59.0 million, compared to a Net Loss of - $146.1 million for 2025. #### Consolidated Statements of Cash Flows (Six Months Ended June 30) - Net Cash Used for Operating Activities was - $90.0 million for 2026, compared to Net Cash Provided by Operating Activities of $403.5 million for 2025. - Adjusted Free Cash Flow was - $143.7 million for 2026, compared to $343.8 million for 2025. #### 2026 Business Outlook Polaris Inc. is raising its full-year 2026 guidance for adjusted sales and adjusted EPS. The company now expects adjusted sales to range from $7.30 billion to $7.50 billion, an increase from the prior guidance of $7.15 billion to $7.30 billion. Adjusted EPS is now projected to be $3.00 to $3.10, up from the previous guidance of $1.60 to $1.70, with approximately $0.96 of this increase attributed to tariff refunds recorded in the second quarter of 2026. ### Related Stocks - [PII.US](https://longbridge.com/en/quote/PII.US.md) ## Related News & Research - [PII: Sales up 9% and adjusted EPS at $1.97, with guidance raised on strong North America growth](https://longbridge.com/en/news/294047578.md) - [Polaris Rated Hold as Strong Q2 Results and Long-Term Tailwinds Seen Fully Priced In Amid Mac Headwinds](https://longbridge.com/en/news/294231793.md) - [Are tariffs the new normal?](https://longbridge.com/en/news/294375494.md) - [MTD: Q2 2026 sales rose 4% to $1.03B, with strong China growth and a one-time $52.4M tariff refund](https://longbridge.com/en/news/294542094.md) - [Apple beats June-quarter targets, gets earnings boost from tariff refunds](https://longbridge.com/en/news/294418501.md)