Polaris Inc. (PII) Form 8-K — Oct 26, 2026
Polaris reported Q3 2026 sales of $2,043 million, up 11% year over year, with adjusted EPS of $1.08 versus $0.41 last year and reported diluted EPS of $0.66 versus a prior-year loss. The company raised full-year 2026 guidance for the third time this year: adjusted EPS to $3.50-$3.60 from $3.00-$3.10 and adjusted sales to $7.55-$7.60 billion, with roughly $1.09 of the EPS figure attributed to tariff refunds recorded in Q2 and Q3. Management cited sixth consecutive quarter of ORV share gains, Marine sales up 29%, and gross margin expansion of 52 bps to 21.2%.
Key figures
- Eps
- 0.66
- Guidance
- FY2026 adjusted sales raised to $7.55-$7.60B (from $7.30-$7.50B); adjusted EPS raised to $3.50-$3.60 (from $3.00-$3.10), including ~$1.09 of tariff refund benefit
- Net Income
- 38.4
- Revenue Yoy
- 11%
- Cash Position
- 301.7
- Gross margin
- 21.2%, +52 bps
- Adjusted eps q3
- $1.08 vs $0.41 prior year (+163%)
- Tariff refunds q3
- $10M (+$0.13 adjusted EPS)
- Adjusted ebitda margin
- 8.8%, +118 bps
- Adjusted net income q3
- $63.1M (+171%)
- Q3 litigation expenses
- $24.6M
- Nine month free cash flow
- $219.3M vs $485.5M prior year
AI analysis
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