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Harley-Davidson (HOG)
NYSE:HOG
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.31Last Year’s EPS
1.07Same Quarter Last Year
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Negative
The call outlines decisive management actions and several operational positives — notably significant dealer inventory reduction, HDFS’s record full-year operating income and a stronger cash position — and a clear strategic reset with targeted cost savings. However, those positives are outweighed by substantial near-term financial deterioration: sharp revenue declines, Q4 consolidated operating losses, EPS deterioration, margin pressure from tariffs and lower volumes, and continued regional retail softness. Management expects 2026 to be a transition year with margins under pressure while inventory is rebalanced and the strategy is finalized.Company Guidance
Dealer Inventory Reduction Exceeds Target
Global dealer inventory declined 17% year-over-year (end of Q4 vs prior year), exceeding the 10% reduction target; North America dealer inventory down 16% and international dealer inventory down ~20% (regions between -19% to -23%), improving dealer health and positioning for 2026 riding season.
North America Q4 Retail Growth and Early Retail Momentum
North American retail sales of new motorcycles were up 5% in Q4 (15,847 units), with dealer response and December acceleration indicating early signs of improving dealer profitability and retail momentum.
HDFS Full-Year Record Operating Income and Capital-Light Transition
Harley-Davidson Financial Services delivered record full-year 2025 operating income of $490 million (up from $248 million in 2024) driven by the HDFS transaction (sale of ~$6B retail receivables, forward flows, equity sale) and favorable provision for credit loss dynamics; HDFS is repositioned to a capital-light, de-risked model.
Strong Cash Position and Capital Actions
Total cash and cash equivalents ended 2025 at $3.1 billion, up $1.5 billion YoY. HDFS transaction enabled a $1.0 billion dividend to the parent in Q4 and the company completed $347 million of share repurchases (including a $200M ASR).
LiveWire Operational Progress and Market Position
LiveWire achieved unit growth (electric motorcycle units +7% full-year; Stasic +15%), maintained #1 retailer position in the U.S. 50+ HP on-road EV segment, delivered its second consecutive record retail quarter, and reduced operating loss (~30% decrease year-over-year); LiveWire remains focused on new S4 Honcho launch and network expansion.
Planned Cost Savings to Improve Long-Term Profitability
Company expects at least $150 million of annual run-rate savings impacting 2027 and beyond (HDMC and HDFS scope); realization of some savings anticipated beginning in back half of 2026 as part of an end-to-end cost review supported by third-party specialists.
Product & Brand Reorientation
Management is refocusing on core franchise strengths: re-emphasizing customization, expanding accessible price points, improving parts & accessories focus, simplifying rider engagement, and promising more optimistic brand storytelling; management reports strong dealer and rider alignment with these changes.
HOG Earnings History
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
HOG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | $20.14 | $20.94 | +3.97% |
Nov 04, 2025 | $26.89 | $25.16 | -6.43% |
Jul 30, 2025 | $22.63 | $25.66 | +13.39% |
May 01, 2025 | $21.95 | $22.55 | +2.73% |
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 Harley-Davidson (HOG) report earnings?
Harley-Davidson (HOG) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Harley-Davidson (HOG) earnings time?
Harley-Davidson (HOG) earnings time is at Apr 23, 2026, 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 HOG EPS forecast?
HOG EPS forecast for the fiscal quarter 2026 (Q1) is 0.31.
