Earnings Releases·Oct 26, 2026, 6:21 PM ET

Polaris Inc. — Third Quarter 2026 Earnings Summary

**Financial Performance:** Q3 2026 sales rose 11% year-over-year to $2,042.6 million, with adjusted diluted EPS surging 163% to $1.08 and net income turning to $38.4 million from a $15.8 million loss in the prior year period.
**Guidance Revision:** Management raised full-year 2026 adjusted sales guidance to $7.55–$7.60 billion and adjusted EPS guidance to $3.50–$3.60, marking the third upward revision this year, with approximately $1.09 of the EPS increase attributed to tariff refunds.
**Segment & Market Dynamics:** Polaris Powersports sales grew 18% and Marine sales jumped 29% year-over-year, driven by shipment volume and favorable mix, resulting in market share gains in off-road vehicles and Marine despite flat industry ORV retail sales.
**Capital Allocation & One-Time Items:** The company returned $125.6 million to shareholders via $116.3 million in dividends and $9.3 million in share repurchases over the first nine months, while recording $24.6 million in litigation expenses and $1.6 million in restructuring costs related to the Indian Motorcycle separation.