BRP Inc. (DOO): Financial results for FY2027

BRP reported Q2 FY2027 revenues of $2.24B, up 18.5% YoY, driven by ORV shipments and favorable SSV mix. Net loss was $136.8M, improved from last year. Normalized EBITDA fell 34.9% to $138.8M. North American Powersports retail sales rose 1%. BRP raised full-year guidance for normalized diluted EPS to $4.00-$4.50, citing market share gains and reduced tariff costs. The company also announced a planned financial leadership transition and new product launches.

TD Cowen upgraded BRP Inc. (DOO) to 'buy' citing strong demand for side-by-side vehicles and potential tariff exposure reduction. Analyst Brian Morrison raised the target price to $106 and forecasts 6% revenue growth. Air Canada (AC) received a target price increase to $38 from Stifel's Daryl Young following a $2.5B Aeroplan stake sale and strong Q2 results. Scotia's Konark Gupta also raised his target to $37.50. Cadillac Mines (CADY) received an 'outperform' rating from National Bank's Don DeMa

Desjardins raised its BRP (TSE:DOO) price target to C$103 from C$97 and kept a “buy” rating, implying 27.95% upside versus the prior close, according to BayStreet.CA. Other analysts adjusted targets: Scotiabank to C$83, National Bank to C$84, BMO to C$120, Canaccord cut to C$90, and Raymond James to “market perform.” BRP shares rose to C$80.50.

BRP Inc. reported first-quarter profit for the period ended April 30, 2026 fell to C$127.3 million from C$161.0 million in 2025, citing unfavorable FX on U.S.-denominated long-term debt and higher income taxes, partially offset by higher operating income. Revenue rose to C$2,391.8 million. EPS was C$1.73 vs C$2.19. Normalized net income and EPS increased; 2027 guidance: EPS C$3.00–C$3.50, normalized EBITDA C$925–C$975 million, net income C$215–C$250 million. Shares rose on the day.

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Broadcom (AVGO) shares dropped over 4% despite strong earnings. Revenue grew 86% YoY to $29.6B, beating estimates, with AI semiconductor revenue up 221% YoY. EPS was $3.32 vs. $3.23 expected. Q4 guidance of $34.8B missed consensus. Analysts cite insufficient beat/raise magnitude for investor dissatisfaction.