Polaris Q2 2026 EPS $1.82 ($1.97 adj); sales up 9% YoY; raises FY guidance

Polaris Inc.

Q2 sales $2,023M (+9% YoY); North America sales up 11% to $1,755M.
Reported diluted EPS $1.82 vs net loss of $1.39 in Q2 2025; adjusted EPS $1.97.
Gross margin 23.6% (+426 bps); includes $74M tariff refunds benefiting adj EPS by $0.96.
ORV retail sales up 5% (ex-Youth); market share gains in off-road vehicles.
Raises FY 2026 adj EPS guidance to $3.00-$3.10 from $1.60-$1.70; adj sales to $7.30-$7.50B.

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