Polaris Lifts 2026 EPS Guidance to $3.50-$3.60 on 11% Q3 Sales Growth
PII sits 17% above its 52-week low of $47.14.
Summary
Polaris posted 11% Q3 sales growth to $2,043 million and adjusted EPS of $1.08, then raised full-year adjusted EPS guidance to $3.50-$3.60 from $3.00-$3.10. Roughly $1.09 of the guided EPS reflects tariff refunds rather than operations.
Key Events · Earnings and Guidance · PII
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Q3 Sales Up 11% to $2,043M
Third quarter sales were $2,043 million versus $1,842 million a year ago, with North America up 14% to $1,815 million and international down 11% to $228 million.
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Adjusted EPS $1.08 vs $0.41
Reported diluted EPS was $0.66 versus a $0.28 loss last year; adjusted EPS of $1.08 included a $0.13 benefit from $10 million of tariff refunds.
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Full-Year Guidance Raised Again
2026 adjusted EPS guidance lifted to $3.50-$3.60 from $3.00-$3.10 and adjusted sales to $7.55-$7.60 billion from $7.30-$7.50 billion — the third raise this year.
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Tariff Refunds Flatter the Guide
About $1.09 of the guided full-year adjusted EPS comes from tariff refunds recorded in Q2 and Q3 2026, so operating improvement is smaller than the headline raise.
Analysis · PII · Manufacturing
Polaris beat on the top line and lifted full-year adjusted EPS guidance to $3.50-$3.60 from $3.00-$3.10 — its third raise this year. Q3 sales rose 11% to $2,043 million, and adjusted EPS came in at $1.08 versus $0.41 a year ago; the company also posted its sixth straight quarter of ORV share gains. About $1.09 of the full-year EPS guide comes from tariff refunds recorded in Q2 and Q3, so the underlying operating improvement is smaller than the headline raise implies — but the direction is clearly positive after last year's loss.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, PII was trading at $55.12 on NYSE in the Manufacturing sector, with a market capitalization of approximately $3.1B. The 52-week trading range was $47.14 to $77.98. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.