Q2 2026 Polaris Inc Earnings Call Transcript

Jul 28, 2026 / 01:00 PM GMT

Release Date Price: $71.58 (-3.12%)

Transcript 10-Q8-K

Key Points

Positve

Polaris Inc (PII) reported a strong second quarter with sales increasing by 9%, and 17% when excluding Indian motorcycle sales.
The company gained market share in its Off-Road Vehicles (ORV) business for the fifth consecutive quarter.
Operational margins expanded at both the gross profit and EBITDA levels, even after excluding tariff refunds.
Polaris Inc (PII) raised its full-year 2026 guidance due to strong performance and momentum.
The company continues to see healthy dealer inventory levels and strong dealer relationships, contributing to its market differentiation.

Negative

The recreational ORV side of the business continues to face a cautious consumer environment due to macroeconomic factors such as inflation and higher borrowing costs.
Marine sales, particularly in the pontoon segment, were down in the high single digits, reflecting industry-wide softness.
Higher commodity costs, especially in aluminum, continue to pressure margins.
The company faces ongoing tariff expenses, with a $32 million headwind experienced during the quarter.
There remains uncertainty in the market due to potential changes in tariff policies and macroeconomic conditions, which could impact future performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

PII.N - Polaris Inc
Q2 2026 Polaris Inc Earnings Call
Jul 28, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the Polaris quarter 2, 2026, earnings call and webcast.

All participants will be in listen-only mode.

Should you need assistance, please signal a conference specialist by pressing the key, followed by 0.

After today's presentation, there will be an opportunity to ask questions.

To ask a question, you may press star, then 1 on a touch tone phone.

To withdraw your question, please press star, then 2.

Please note this event is being recorded.

I would now like to turn the conference over to JC Weigel, Vice President of Investor Relations.

Please go ahead.

You, Bailey, and good morning or afternoon, everyone.

I'm JC Weigel, Vice President

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