Filing Flows › Polaris (PII) › Q2 2026
Polaris (PII) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
Polaris (PII) reported revenue of $2.0B for the second quarter 2026 (Q2 2026), +9% from a year earlier and +22% from the quarter before. Operating margin was 7.4%, net earnings $107M (5.3% of revenue).
Polaris, Q2 2026: revenue $2.0B (+9% year over year), operating margin 7.4%, net earnings $107M, operating cash flow $230M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +22% | +9% |
| Gross profit | $478M | +43% | +33% |
| Operating profit | $149M | — | — |
| Net earnings | $107M | — | — |
| Operating cash flow | $230M | — | -28% |
| Free cash flow | $186M | — | -33% |
What changed
Revenue was $2.0B in Q2 2026, up 9% year over year and up 22% from the previous quarter. Wholegoods was the largest line at 75% of revenue. Wholegoods added $0.11B year over year (up 8%), 67% of the total change.
Gross margin was 23.6%, up 4.3 points from Q2 2025. Operating profit was $0.15B, a 7.4% margin (up 8.1 points year over year). Operating expenses fell 11% while revenue rose 9%. Net earnings were $0.11B. The effective tax rate was 20.1%.
Operating cash flow was $0.23B (down 28% year over year), 216% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.04B. Capital expenditures of $0.04B left free cash flow of $0.19B.
Questions
What was Polaris' revenue in the second quarter 2026?
Polaris (PII) reported revenue of $2.0B for the second quarter 2026 (Q2 2026), +9% from a year earlier and +22% from the quarter before.
Was Polaris profitable in the second quarter 2026?
Operating profit was $149M (7.4% of revenue) and net earnings $107M.
Source: Polaris 10-Q on SEC EDGAR.