The earnings call reflected a balanced view of BRP's performance, with strong financial results, market share gains, and successful product launches being offset by challenges in certain markets and the impact of tariffs on margins.

Company Guidance

During the BRP Inc.'s FY26 Second Quarter Results Conference Call, guidance for the second half of the fiscal year was provided. BRP projected revenues between $8.15 billion and $8.3 billion, with a normalized EBITDA ranging from $1.04 billion to $1.09 billion, and normalized EPS between $4.25 and $4.75. The company anticipates second-half revenue growth of 8% to 12%, driven by new product introductions and operational efficiencies. Notably, they expect a significant improvement in profitability, with H2 normalized EBITDA anticipated to rise by 22% to 31%, resulting in an EBITDA margin exceeding 14%. This optimism stems from the successful rightsizing of network inventory, particularly as dealer inventory levels decreased by 20% year-over-year, aligning more closely with pre-COVID levels. Additionally, BRP's strategic focus on launching innovative products like the new generation of the Can-Am Defender, coupled with a better alignment of wholesale and retail shipments, is expected to strengthen their market position in the second half of the year.

Record Revenue and Strong Free Cash Flow

BRP ended the quarter with revenue of $1.9 billion and solid free cash flow of almost $100 million.

Market Share Gains in Canada and Latin America

Canada's retail grew by 4%, driven by ORV, while Latin America retail was up 22%, led by ORV performance.

Successful Launch of New Products

The launch of the new generation of the Can-Am Defender and other product enhancements received positive feedback.

Electric Vehicle Expansion

Introduction of the Outlander electric with industry-leading towing capacity and quiet riding experience.

Improved Dealer Inventory Levels

Dealer inventory ended the quarter down 20% year-over-year, with a leaner inventory position across most product lines.

Positive EBITDA and EPS Guidance

Guidance calls for revenues of $8.15 billion to $8.3 billion, normalized EBITDA of $1.04 billion to $1.09 billion, and normalized EPS of $4.25 to $4.75.

BRP (TSE:DOO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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TSE:DOO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 26, 2025	2026 (Q3)	1.22 / -	1.16	―	―	―
Aug 29, 2025	2026 (Q2)	0.47 / 0.92	0.61	50.82% (+0.31)
May 29, 2025	2026 (Q1)	0.34 / 0.47	0.95	-50.53% (-0.48)
Mar 26, 2025	2025 (Q4)	0.82 / 0.98	2.46	-60.16% (-1.48)
Dec 06, 2024	2025 (Q3)	0.67 / 1.16	3.06	-62.09% (-1.90)
Sep 06, 2024	2025 (Q2)	0.35 / 0.61	3.21	-81.00% (-2.60)
May 31, 2024	2025 (Q1)	0.91 / 0.95	2.38	-60.08% (-1.43)
Mar 28, 2024	2024 (Q4)	2.60 / 2.46	3.85	-36.10% (-1.39)
Nov 30, 2023	2024 (Q3)	3.06 / 3.06	3.64	-15.93% (-0.58)
Sep 07, 2023	2024 (Q2)	2.97 / 3.21	2.94	9.18% (+0.27)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:DOO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 29, 2025	C$79.00	C$86.43	+9.41%
May 29, 2025	C$49.54	C$55.82	+12.68%
Mar 26, 2025	C$50.40	C$54.14	+7.43%
Dec 06, 2024	C$67.34	C$71.99	+6.91%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.