Polaris Non-GAAP EPS of $1.08 beats by $0.49, revenue of $2.04B beats by $140M

• Polaris press release (PII): Q3 Non-GAAP EPS of $1.08 beats by $0.49.
• Revenue of $2.04B (+10.9% Y/Y) beats by $140M.
• Third quarter sales were $2,043 million, up 11 percent compared to last year driven by strength across all major product lines within Polaris Powersports and Marine.
• Polaris Utility ORV retail sales for the quarter, excluding Youth, were up six percent versus last year. ORV retail sales were up two percent, excluding Youth.
• The Company is raising 2026 full year adjusted sales and adjusted EPS guidance. The Company now expects 2026 adjusted sales to be between $7.55 billion to $7.60 billion ($7.44B consensus) versus prior guidance of $7.30 billion to $7.50 billion.
• The Company now expects adjusted EPS of $3.50 to $3.60 ($3.14 consensus) versus prior guidance of $3.00 to $3.10, of which approximately $1.09 is attributed to the benefit of tariff refunds recorded in the second and third quarters of 2026.

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