Filing Flows › Polaris (PII) › Q3 2026
Polaris (PII) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 27, 2026
Polaris (PII) reported revenue of $2.0B for the third quarter 2026 (Q3 2026), +11% from a year earlier and +1% from the quarter before. Operating margin was 3.6%, net earnings $38.6M (1.9% of revenue).
Polaris, Q3 2026: revenue $2.0B (+11% year over year), operating margin 3.6%, net earnings $38.6M, operating cash flow $382M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +1% | +11% |
| Gross profit | $432M | -10% | +14% |
| Operating profit | $73.4M | -51% | +260% |
| Net earnings | $38.6M | -64% | — |
| Operating cash flow | $382M | +66% | +140% |
| Free cash flow | $315M | +69% | +170% |
What changed
Revenue was $2.0B in Q3 2026, up 11% year over year and up 1% from the previous quarter. Wholegoods was the largest line at 72% of revenue. Wholegoods added $0.14B year over year (up 10%), 69% of the total change.
Gross margin was 21.2%, up 0.5 points from Q3 2025. Operating profit was $0.07B, a 3.6% margin (up 2.5 points year over year). Of the extra revenue versus Q3 2025, 26% reached operating profit, above the 1% margin then. Operating expenses fell 0% while revenue rose 11%. Net earnings were $0.04B. The effective tax rate was 31.3%.
Operating cash flow was $0.38B (up 140% year over year), 989% 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 $0.26B. Capital expenditures of $0.07B left free cash flow of $0.32B.
Questions
What was Polaris' revenue in the third quarter 2026?
Polaris (PII) reported revenue of $2.0B for the third quarter 2026 (Q3 2026), +11% from a year earlier and +1% from the quarter before.
Was Polaris profitable in the third quarter 2026?
Operating profit was $73.4M (3.6% of revenue) and net earnings $38.6M.
Source: Polaris 10-Q on SEC EDGAR.