BRP just dropped its Q2 FY26 results, and the numbers are in! With a boost in revenues and net income, plus mind-blowing new products like the Can-Am Electric ATV and a powerful Sea-Doo engine, what does this mean for the future of powersports? Get the full financial breakdown and innovation highlights!
BRP Inc. has announced a positive second quarter for its Fiscal Year 2026, showcasing increased revenues and a significant rise in net income, despite a dynamic macroeconomic landscape. The company’s robust Financial Results, coupled with strategic new product introductions, positions it for continued growth and market leadership in the powersports industry.
For the three-month period ended July 31, 2025, BRP reported revenues of $1,888.2 million, marking a solid 4.3% increase from the previous year. This revenue growth was further underscored by an impressive 36.0% surge in net income, reaching $57.1 million, reflecting effective operational management and a lower income tax expense due to recognized tax incentives for BRP Earnings. Gross profit and gross profit margin remained comparable, driven by pricing and production efficiencies.
While normalized EBITDA experienced a slight decrease of 9.2% to $213.2 million, and normalized diluted earnings per share saw a modest dip, diluted earnings per share increased by $0.24 to $0.79. Looking forward, BRP has issued optimistic full-year guidance for Fiscal Year 2026, projecting revenues between $8.1 and $8.3 billion, and normalized diluted earnings per share between $4.25 and $4.75, signalling confidence in future performance and future BRP Earnings.
A key highlight of the quarter was BRP’s relentless drive for powersports innovation, demonstrated by a successful dealer event where several industry-first and breakthrough products were unveiled. This included the next-generation Can-Am Defender SSV, the pioneering Can-Am Outlander Electric ATV, and the formidable Can-Am Outlander MAX 6×6, cementing BRP’s commitment to cutting-edge technology and diverse product offerings in powersports.
Further enhancing its portfolio, BRP also introduced the highly-anticipated 300 hp Rotax engine for specific Sea-Doo Innovation models, expanding performance capabilities in the marine sector. These strategic product launches underscore the company’s focus on maintaining a competitive edge and meeting evolving consumer demands across its varied product lines, including Year-Round and Seasonal Products, highlighting their commitment to continuous powersports innovation.
Despite the overall positive Financial Results, BRP noted an 11% decrease in North American retail sales for the three-month period, primarily attributed to market share loss in the personal watercraft (PWC) segment within a softer industry, and a decrease in side-by-side vehicle (SSV) market share due to lower non-current unit availability. The company remains focused on optimizing inventory and market positioning to strengthen future BRP Earnings.
José Boisjoli, President and CEO of BRP, expressed satisfaction with the better-than-expected second-quarter results and the strong upswing in dealer sentiment following the product unveilings. He emphasized the company’s comprehensive product portfolio, leaner inventory, and solid dealer network as key strengths poised to capitalize on an anticipated industry rebound and drive long-term profitable growth for BRP and its partners through continued powersports innovation and robust Financial Results.
The company anticipates a solid second half of the year, backed by strategic investments in capital expenditures for new products and software infrastructure. This proactive approach, coupled with careful management of operating expenses and a focus on core business profitability, sets the stage for BRP to navigate market dynamics effectively and achieve its ambitious Fiscal Year 2026 goals, reinforcing its position within the competitive powersports industry.
