PII Stock Sees Biggest Intraday Gains In 9 Months – Polaris Reaffirms FY2026 Guidance After Rival BRP Suspends Outlook

• Polaris projected FY2026 sales growth of 1% to 3% compared to FY2025.
• The company expects to turn profitable in FY2026 and guided earnings of $1.5 to $1.6 per share.
• Earlier, BRP estimated the tariffs could add more than $500 million in costs for the rest of 2026.

Shares of Polaris Inc (PII) jumped around 15% on Thursday, recording their biggest intraday gains since July 29, 2025, after the firm said recent tariff changes on materials like steel and aluminum are not expected to materially impact its full-year 2026 outlook.

PII shares fell nearly 17% on Wednesday after rival BRP Inc. (DOO) suspended its fiscal 2027 guidance, citing uncertainty around changes in U.S. tariffs on materials. Polaris and BRP operate competing businesses, targeting the same customer base across segments such as off-road vehicles and snowmobiles.

Meanwhile, retail sentiment surrounding PII on Stocktwits remained ‘extremely bullish’ over the past 24 hours, amid ‘extremely high’ message volumes.

FY2026 Revenue Could Grow 3%  

During its fiscal 2025 presentation in January, the company projected 2026 sales growth of 1% to 3% compared to 2025. It also expects adjusted diluted earnings per share to range between $1.50 and $1.60. Polaris had posted a revenue of $7.15 billion and a loss of $5.34 per share for the full year 2025.

The company said it maintains a robust domestic manufacturing footprint, with facilities in Alabama, Indiana, and Minnesota, and has strong relationships with U.S.-based suppliers.

Polaris will report its first-quarter (Q1) earnings on April 28.

Changes To US Tariff Policy

Earlier this month, President Donald Trump introduced changes to U.S. tariff policy on steel, aluminum, and copper, expanding duties to cover the entire value of imported goods. The revised framework keeps a 50% tariff on these raw materials.

Following the change, BRP said the new structure results in a 25% tariff on the full value of imported snowmobiles and most off-road vehicles, replacing the earlier system that applied a higher rate only to the metal content.

The company estimated the tariffs could add more than $500 million in costs for the rest of 2026, though it is exploring measures to reduce the financial impact.

PII shares are down 16% so far this year, while DOO has fallen around 24%.

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