Polaris Inc. (PII) Financials
Key financial figures for Polaris Inc. (Q2 2026).
Polaris swung to a $1.82 GAAP diluted EPS in Q2 2026 (vs a $1.39 loss a year ago) and raised full-year adjusted EPS guidance to $3.00-$3.10, though about $0.96 of that increase is a one-time Q2 tariff refund rather than underlying improvement. Q2 2026 sales rose 9% year over year to $2,022.8 million, with North America (87% of sales) up 11% and the reported gross margin up 426 bps to 23.6% (23.9% adjusted). Adjusted EPS was $1.97 versus $0.40 a year ago; GAAP diluted EPS was $1.82 versus a $1.39 loss, aided by roughly $66 million in tariff refunds that hit the Powersports segment and about $0.96 per share company-wide. On the outlook: Raised full-year 2026 guidance to adjusted sales of $7.30-$7.50 billion (from $7.15-$7.30 billion) and adjusted EPS of $3.00-$3.10 (from $1.60-$1.70), though management noted roughly $0.96 of the EPS increase stems from a one-time Q2 tariff refund rather than underlying operating improvement. Figures are for Q2 2026, as Polaris Inc. reported them.
- Revenue
- $2.0B
- Net Income
- $107M
- EPS
- $1.85
- Total Assets
- $5.2B
- Operating Cash Flow
- $230M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $2.0B | $106M | $1.84 | 6.53% | $186M |
| Q1 FY2026 | $1.7B | -$47M | -$0.83 | -3.33% | -$350M |
| Q4 FY2025 | $1.9B | -$304M | -$5.34 | -2.46% | $114M |
| Q3 FY2025 | $1.8B | -$16M | -$0.28 | 2.48% | $117M |
| Q2 FY2025 | $1.9B | -$79M | -$1.39 | 1.2% | $280M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $7.2B | -$466M | -$8.18 | -0.4% | $558M |
| FY2024 | $7.2B | $111M | $1.95 | 3.07% | $7M |
| FY2023 | $8.9B | $503M | $8.71 | 7.04% | $513M |
Frequently asked questions
What was Polaris Inc.'s revenue last quarter?
Polaris Inc. reported revenue of $2.02 billion for Q2 FY2026, up 9.2% from the same period a year earlier.
Is Polaris Inc. profitable?
Yes. Polaris Inc. reported net income of $106.4 million for Q2 FY2026, a net margin of 5.26% on revenue.
How has Polaris Inc.'s margin trended?
Operating margin was 6.53% in Q2 FY2026, compared with 1.2% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Polaris Inc. generate?
Polaris Inc. generated free cash flow of $186.1 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Polaris Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.