Inferra AI / Company / HOG
Harley-davidson, Inc.
HOG · Industrials
Last earnings Oct 29, 2026
Key results
Operating Expenses HDMC revenuequarter
$964 million
By the Numbers HDMC Increased Gross Margin Percentage, While Decreasing Operating Expenses HDMC revenue of $964 million in the quarter, was down 10 percent vs.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Growthquarter
down 10 percent
By the Numbers HDMC Increased Gross Margin Percentage, While Decreasing Operating Expenses HDMC revenue of $964 million in the quarter, was down 10 percent vs.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Gross marginquarter
28.1 percent
Third quarter gross margin percentage increased by 173 bps YoY to 28.1 percent.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
HDMC operating incomequarter
$44 million
HDMC operating income was $44 million in Q3 2026, down 18 percent YoY.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
HDMC operating income margin was 4.6 percent in Q3 2026 compared to 5.0 percent in the prior year.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Asset Light Model net incomequarter
$43 million
Consolidated Earnings Driven Down YoY As A Result Of HDFS Shift To Asset Light Model Net income attributable to HDI of $43 million was down from $377 million in Q3 2025 primarily as a result of HDFS s sale of the majority of its securitization beneficial interests and retail finance receivables in the prior year, which drove a benefit in Q3 2025.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
HDFS operating incomequarter
9.7 percent
HDFS operating income margin was 9.7 percent in Q3 2026 down from 168.0 percent in Q3 2025, with a Q3 2026 annualized managed retail credit loss ratio below same periods in 2024 and 2025.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Operating incomequarter
$37,304 thousand
Operating income 37,304 474,758 136,806 747,695
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Net incomequarter
$42,762 thousand
Net income attributable to Harley-Davidson, Inc. $ 42,762 $ 377,366 $ 147,339 $ 618,041
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
EPSquarter
$ 0.40
Diluted $ 0.40 $ 3.10 $ 1.38 $ 5.03
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
AI analysis
Q3 2026 · reported Oct 29, 2026
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q3 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Operating Expenses HDMC revenue | $964 million | — | — |
| Growth | down 10 percent | — | — |
| Gross margin | 28.1 percent | — | — |
| HDMC operating income | $44 million | $76M | — |
| Asset Light Model net income | $43 million | $80 million | $377 million |
| HDFS operating income | 9.7 percent | $76M | — |
| Operating income | $37,304 thousand | $76M | — |
| Net income | $42,762 thousand | $80 million | — |
Guidance · company-stated
“2026 Financial Outlook For the full year 2026, the Company is raising HDMC and HDFS financial guidance and now expects HDMC Global Motorcycle Retail Sales of 135,500 to 139,000 units Global Motorcycle Wholesale Shipments of 135,500 to 139,000 units Operating income of $25 to $55 million HDFS Operating income of $60 to $70 million HDI Revised capital investment of $140 to $165 million LiveWire has withdrawn its guidance.”
“1 Document FOR IMMEDIATE RELEASE Harley-Davidson Reports Third Quarter Financial Results And Raises HDMC and HDFS Guidance MILWAUKEE (October 29, 2026) Harley-Davidson, Inc.”
“( Harley-Davidson, HDI, or the Company ) (NYSE HOG) today reported third quarter 2026 results, announced the addition of two new members to its Board of Directors, and raised HDMC and HDFS full-year guidance for the 2 nd time this year following strong execution in Q3 2026.”
Primary outlook statements conflict; no label forced — evidence preserved.
Margin
Capital allocation
Strong Balance Sheet Allowed Continued Capital Return Program Returned $110 million in total capital to shareholders in Q3 2026, including $91 million shares repurchased on a discretionary basis and $19 million in cash dividends.
Event summary
Harley-davidson, Inc. Q3 2026 — By the Numbers HDMC Increased Gross Margin Percentage, While Decreasing Operating Expenses HDMC revenue of $964 million in the quarter, was down 10 percent vs.
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Revenue: “2026 Financial Outlook For the full year 2026, the Company is raising HDMC and HDFS financial guidance and now expects HDMC Global Motorcycle Retail Sales of 135,500 to 139,000 units Global Motorcycle Wholesale Shipments of 135,500 to 139,000 units Operating income of $25 to $55 million HDFS Operating income of $60 to $70 million HDI Revised capital investment of $140 to $165 million LiveWire has withdrawn its guidance.”
Company outlook — Raised (“Raises”)
“1 Document FOR IMMEDIATE RELEASE Harley-Davidson Reports Third Quarter Financial Results And Raises HDMC and HDFS Guidance MILWAUKEE (October 29, 2026) Harley-Davidson, Inc.”
Company outlook — Raised (“raised”)
“( Harley-Davidson, HDI, or the Company ) (NYSE HOG) today reported third quarter 2026 results, announced the addition of two new members to its Board of Directors, and raised HDMC and HDFS full-year guidance for the 2 nd time this year following strong execution in Q3 2026.”
Revenue — Withdrawn (“withdrawn”)
“2026 Financial Outlook For the full year 2026, the Company is raising HDMC and HDFS financial guidance and now expects HDMC Global Motorcycle Retail Sales of 135,500 to 139,000 units Global Motorcycle Wholesale Shipments of 135,500 to 139,000 units Operating income of $25 to $55 million HDFS Operating income of $60 to $70 million HDI Revised capital investment of $140 to $165 million LiveWire has withdrawn its guidance.”
Primary outlook statements conflict; no label forced — evidence preserved.
Capital allocation
Strong Balance Sheet Allowed Continued Capital Return Program Returned $110 million in total capital to shareholders in Q3 2026, including $91 million shares repurchased on a discretionary basis and $19 million in cash dividends.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
(ff) manage risks related to functions the Company outsources and the use of artificial intelligence by the Company and its vendors and suppliers (gg) optimize capital allocation in light of the Company's capital allocation priorities (hh) manage the Company's share repurchase strategy (ii) manage issues related to climate change and related regulations and (jj) realize the expected effects of the anticipated increase in Harley-Davidson Financial Services, Inc.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
$ 42,762 $ 377,366 $ 147,339 $ 618,041 Earnings per share Basic $ 0.41 $ 3.13 $ 1.39 $ 5.07 Diluted $ 0.40 $ 3.10 $ 1.38 $ 5.03 Weighted-average shares Basic 103,360 120,614 106,134 122,015 Diluted 106,588 121,676 107,051 122,855 Cash dividends per share $ 0.1875 $ 0.18 $ 0.5625 $ 0.54 LiveWire results presented in the Company's financial statements represent the LiveWire reportable segment as determined in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 280 Segment Reporting which may differ from LiveWire Group, Inc.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
$ 79,805 $ 107,569 $ 104,578 $ 240,673 Earnings per share: Basic $ 0.76 $ 0.89 $ 0.97 $ 1.96 Diluted $ 0.75 $ 0.88 $ 0.97 $ 1.95 Cash dividends per share $ 0.1875 $ 0.18 $ 0.3750 $ 0.3600 The accompanying notes are integral to the consolidated financial statements.
SEC original ↗Harley-davidson, Inc. — 10-Q Quarterly report10-QAug 5, 2026
The main provisions of ASU 2025-09 (i) permit a similar risk assessment for cash flow hedges of groups of forecasted transactions, (ii) facilitate the application of cash flow hedge accounting to forecasted interest payments on choose-your-rate debt instruments, (iii) expand and clarify the application of hedge accounting for certain nonfinancial forecasted transactions, (iv) expand the use of net written options as hedging instruments when specified criteria are met, and (v) permit a foreign-currency-denominated debt instrument to be designated simultaneously as both a hedging instrument and a hedged item in certain dual hedge relationships.
SEC original ↗Harley-davidson, Inc. — 10-Q Quarterly report10-QAug 5, 2026
Starting in the fourth quarter of 2028, the Company has the right to repurchase the counterparties' ownership interests in HDFS using cash that would otherwise be available to the Company in the form of a dividend from HDFS; however, the Company may not purchase any more than one-third of the counterparties' HDFS ownership in an individual year.
SEC original ↗Harley-davidson, Inc. — 10-Q Quarterly report10-QAug 5, 2026
Strategy & priorities
prior year to drive long-term dealer health and in alignment with the Back to the Bricks strategy.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Models like the Super Glide and Deadwood are creating deeper connection between the brand and riders, our dealer network is becoming increasingly profitable, and we are actioning our Back to the Bricks strategy just one full quarter into execution in partnership with our dealers.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
as the Group President of Construction Industries, where he led the company s approximately $25 billion global construction business and was responsible for strategic direction, capital investment, operational performance, and customer growth across a worldwide portfolio of products, facilities, and employees.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
He recently served as Chairman of the American Road Transportation Builders Association, and he brings extensive experience in global operations, capital allocation, supply chain management, and industrial growth strategy.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
LiveWire is committed to developing the technology of the future and investing in the capabilities needed to lead the transformation of motorsports.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Risks & headwinds
on foreign goods or rebalancing or other tariffs recently imposed or that may be imposed by foreign countries on U.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
The Company's operations, demand for its products, and its liquidity could be adversely impacted by changes in tariffs, inflation, work stoppages, facility closures, strikes, natural causes, widespread infectious disease, terrorism, war or other hostilities, including the conflict in Iran, or other factors.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially, unfavorably or favorably, from those anticipated as of the date of this press release.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Certain of such risks and uncertainties are described below.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
, including those risks and uncertainties noted in Risk Factors under Item 1.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Legal Proceedings 82 Item 1A.
SEC original ↗Harley-davidson, Inc. — 10-Q Quarterly report10-QAug 5, 2026
What changed vs prior quarter
Growth — prior quarter passage and this quarter's passage are both cited.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
HDFS operating income — prior quarter passage and this quarter's passage are both cited.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Operating income — prior quarter passage and this quarter's passage are both cited.
SEC original ↗Harley-davidson, Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2026
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
31 documents- Q3 2026
- 8-KHOG
Oct 29, 2026
- Q2 2026
- 10-QHOG
- 8-KHOG
Jul 23, 2026
- 8-K/AHOG
Jul 23, 2026
- Q1 2026
- 8-KHOG
Jun 26, 2026
- 8-KHOG
May 28, 2026
- 10-QHOG
- 8-KHOG
May 5, 2026
- Q4 2025
- 8-KHOG
Mar 6, 2026
- 10-KHOG
Feb 26, 2026
- 8-KHOG
Feb 10, 2026
- Q3 2025
- 8-KHOG
Dec 10, 2025
- 8-KHOG
Dec 5, 2025
- 8-KHOG
Nov 6, 2025
- 10-QHOG
- 8-KHOG
Nov 4, 2025
- Q2 2025
- 8-KHOG
Sep 29, 2025
- 8-KHOG
Sep 15, 2025
- 8-KHOG
Aug 11, 2025
- 10-QHOG
- 8-KHOG
Aug 5, 2025
- 8-KHOG
Aug 4, 2025
- 8-KHOG
Jul 30, 2025
- Q1 2025
- 8-KHOG
May 19, 2025
- 8-KHOG
May 12, 2025
- 10-QHOG
- 8-KHOG
May 1, 2025
- 8-K/AHOG
Apr 15, 2025
- 8-KHOG
Apr 10, 2025
- Q4 2024
- 10-KHOG
Feb 26, 2025
- 8-KHOG
Feb 5, 2025
Earnings releases
9 documentsPresentations
0 documentsNo presentations for Harley-davidson, Inc. are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Harley-davidson, Inc. are held in this edition of the library.
Mentioned by
1 companyOther tracked companies whose held documents mention Harley-davidson, Inc. by name or ticker. A mention is counted once per document, from the document text the library holds.
“illion from $230.9 million, with the increase due to the acquisition of a licensee of the Harley-Davidson Motor Company, Inc. in early 2005. Operating margins remained … …$ 506,702 $ 474,702 =========== =========== =========== =========== Earnings ”
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