Polaris demonstrates strong operational efficiency and successful tariff mitigation strategies, along with market share gains in key segments. However, these positives are tempered by ongoing sales declines, negative financial impacts from tariffs, and a forecasted negative EPS for the next quarter. The sentiment is balanced with innovation and strategic moves pointing to potential future growth, but current economic pressures present challenges.

Company Guidance -

Q3 2025

During the Polaris Second Quarter 2025 Earnings Conference Call, several key metrics and guidance points were discussed. Sales in Q2 were down 6% year-over-year due to the ongoing powersports industry downturn and increased promotions, while shipments were down 4%. Retail was flat, and inventory levels improved, with dealer inventory down 17% year-over-year, excluding snowmobiles. Adjusted EPS came in at $0.40, down from last year but exceeding consensus expectations. The company is targeting $40 million in operational efficiencies for 2025, with $20 million already achieved. The ongoing tariff situation remains a concern, with an expected gross tariff cost of $180 million to $200 million for the full year, but $125 million lower than April estimates due to mitigation efforts. Despite not reinstating full-year guidance, Polaris provided key third-quarter assumptions, including sales expectations between $1.6 billion and $1.8 billion and a negative EPS due to tariff impacts and incentive compensation headwinds.

Operational Efficiencies

Polaris is on track to deliver an incremental $40 million in operational efficiencies for 2025, with approximately half already achieved through lean initiatives and other measures.

Dealer Inventory Management

Dealer inventory is down 17% year-over-year, excluding snowmobiles, and is reported to be healthier compared to last year.

Tariff Mitigation Success

The tariff impact from China was reduced from an expected $300 million to $230 million annually, with further reductions anticipated from ongoing mitigation efforts.

Innovation and Market Share

Polaris gained market share in every segment during the quarter, with notable success in the RANGER and Indian Motorcycle segments.

Launch of Polaris RANGER 500

The new RANGER 500 is positioned to capture more volume and share in the utility vehicle market, offering a quality product at a competitive price point.

Polaris (PII) 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

Daily Earnings Calendar >

PII Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	-0.23 / -	0.73	―	―	―
Jul 29, 2025	2025 (Q2)	<0.01 / 0.40	1.38	-71.01% (-0.98)
Apr 29, 2025	2025 (Q1)	-0.91 / -0.90	0.23	-491.30% (-1.13)
Jan 28, 2025	2024 (Q4)	0.89 / 0.92	1.98	-53.54% (-1.06)
Oct 22, 2024	2024 (Q3)	0.88 / 0.73	2.71	-73.06% (-1.98)
Jul 23, 2024	2024 (Q2)	2.25 / 1.38	2.42	-42.98% (-1.04)
Apr 23, 2024	2024 (Q1)	0.05 / 0.23	2.05	-88.78% (-1.82)
Jan 30, 2024	2023 (Q4)	2.56 / 1.98	3.46	-42.77% (-1.48)
Oct 24, 2023	2023 (Q3)	2.71 / 2.71	3.25	-16.62% (-0.54)
Jul 25, 2023	2023 (Q2)	2.21 / 2.42	2.42	0.00% (0.00)

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

PII Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$49.48	$57.81	+16.84%
Apr 29, 2025	$33.16	$33.25	+0.27%
Jan 28, 2025	$54.72	$49.71	-9.16%
Oct 22, 2024	$76.90	$69.26	-9.93%

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.

FAQ

When does Polaris Industries (PII) report earnings?

Polaris Industries (PII) is schdueled to report earning on Oct 28, 2025, Before Open (Confirmed).

What is Polaris Industries (PII) earnings time?

Polaris Industries (PII) earnings time is at Oct 28, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PII EPS forecast?

PII EPS forecast for the fiscal quarter 2025 (Q3) is -0.23.

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