Polaris Q2 FY26 adjusted EPS rises to $1.97; sales climb 9% to $2.02 billion

• Polaris posted Q2 adjusted sales of $2.02 billion, up 9% year-over-year, beating expectations across all financial metrics.
• Adjusted EBITDA more than doubled to $239 million, lifting adjusted EBITDA margin to 11.8% from 6.4% a year earlier.
• Net income swung to $106.6 million from a loss a year earlier, while adjusted EPS rose to $1.97; results included $74 million of tariff refunds.
• Dealer inventory stayed healthy, down 8% year-over-year, as North America retail rose 4% and Polaris gained ORV share for a fifth straight quarter.
• Full-year adjusted guidance was raised to sales of $7.3 billion-$7.5 billion and EPS of $3-$3.1, with a flattish retail outlook for the second half.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Polaris Inc. published the original content used to generate this news brief on July 28, 2026, and is solely responsible for the information contained therein.