Polaris Q1 sales rise 8% to $1.66 billion; reported net loss narrows to $47 million
Polaris reported first quarter 2026 sales of $1,659 million, up 8% from a year earlier, and a net loss attributable to Polaris of $47 million, or $0.83 per diluted share, compared with a loss of $1.17 per share in the first quarter of 2025. The company reaffirmed its full-year 2026 adjusted sales guidance of $7.15 billion to $7.30 billion and adjusted EPS guidance of $1.60 to $1.70, while adjusted free cash flow was negative $342.5 million for the quarter.
Key points
- Sales were $1,659 million, up 8%; North America sales rose 10% to $1,426 million, and International sales fell 5% to $233 million.
- Reported diluted loss per share was $0.83 versus $1.17 a year earlier; adjusted diluted EPS was $0.13.
- Gross profit margin was 20.2%, up 423 basis points; operating expenses rose 29% to $390 million.
- Adjusted free cash flow was negative $342.5 million, compared with positive $54.9 million in the first quarter of 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 27, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.