Harley-Davidson (HOG) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 23, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.62

Last Year’s EPS

0.88

Same Quarter Last Year

Analyst Consensus

Hold

Based on 9 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 05, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call conveyed mixed results: operational and retail progress (notably a strong U.S. retail quarter, market-share gains, inventory reductions, a refined strategy with cost-savings targets, and ambitious medium-term financial goals) counterbalanced by meaningful near-term financial headwinds (12% consolidated revenue decline, significant drop in HDFS revenue, lower margins driven by tariffs and recalls, higher operating expenses, and negative operating cash flow). The strategic plan and early execution provide a constructive roadmap, but near-term profitability and tariff/cash-flow pressures moderate the tone.

Company Guidance

Harley‑Davidson reaffirmed 2026 guidance while outlining detailed targets: HDMC retail and wholesale shipments are each expected to be 130,000–135,000 units (largely one‑to‑one), with Q2 and Q4 shipments up vs. prior year and Q3 relatively flat; HDMC operating income guidance is +$10M to −$40M, HDFS $45M–$60M and LiveWire an operating loss of $70M–$80M; incremental tariffs are forecast at $75M–$90M for 2026. Management reiterated a multiyear plan to deliver $350M+ EBITDA in 2027 driven by at least $150M of run‑rate cost savings (vs. 2025) and medium‑term targets of mid‑single‑digit retail unit growth, mid‑single‑digit P&A/AML growth, gross margins approaching ~30%, opex <20% of sales (down from ~25% in 2025) and a 10%–12% EBITDA margin. Q1 context: consolidated revenue down 12%, consolidated operating income $23M (vs. $160M prior), EPS $0.22 (vs. $1.07), HDMC revenue $1.1B with 25.3% gross profit, global retail +8% (~34K units), North America retail +14% (~24K), dealer inventory down 22% YoY, wholesale shipments ~37.3K (−3% YoY), cash $1.8B and operating cash use of $228M.

North America and Global Retail Sales Growth

Q1 global retail sales of new motorcycles rose 8% year-over-year to ~34,000 units, driven by North America where retail sales increased 14% YoY (~24,000 motorcycles). U.S. retail sales were up 16% while Canada declined 8%.

U.S. Market Share Gain

Harley-Davidson reached 38% share of the U.S. 601cc+ market in Q1, a gain of 2 percentage points year-over-year.

Dealer Inventory Right-Sizing

Global dealer inventory declined 22% YoY (North America down 21%, ex‑NA down 23%), with North America inventory ~2/3 current model year versus <1/2 prior year — improving assortment and model-year freshness ahead of peak riding season.

HDMC Revenue Resilience

HDMC revenue fell modestly by 2% to $1.1 billion in Q1; business-line disclosure: motorcycles $836M, clothing & accessories $200M, licensing/other $20M.

HDFS Operational Transition and Credit Trends

HDFS revenue decreased 54% to $112M reflecting a capital-light model after loan-book sale, but operating income was $22M (19.9% margin). Retail loan originations rose 14% to $671M, managed retail credit loss ratio improved to 3.6% from 3.8% YoY, and total gross financing receivables were $2.5B (retail $1.3B / commercial $1.2B).

LiveWire Revenue and Cash-Flow Improvement

LiveWire revenue increased 87% YoY in Q1; consolidated operating loss narrowed to $18M (in line with expectations and $2M favorable YoY) and net cash used by operating activities improved by over 25% year-over-year.

Capital Return Activity

Q1 discretionary share repurchases totaled 6.6 million shares for $128M. Since Q2 2024, the company repurchased 26.8M shares valued at $726M and completed an ASR delivering remaining shares in early 2026.

Strategic Plan and Financial Targets

"Back to the Bricks" strategic plan introduced with clear targets: deliver $350M+ EBITDA in 2027, at least $150M annual run-rate cost savings (impacting 2027+), medium-term mid-single-digit retail unit growth (3–5 years), P&A sales growth target of 20–30% over time, gross margin approaching ~30% and operating expense <20% of sales, and medium-term EBITDA margin target of 10–12%.

Harley-Davidson (HOG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HOG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 23, 2026	2026 (Q2)	0.62 / -	0.88	―	―	―
May 05, 2026	2026 (Q1)	0.22 / 0.22	1.07	-79.44% (-0.85)
Feb 10, 2026	2025 (Q4)	-1.05 / -2.44	-0.93	-162.37% (-1.51)
Nov 04, 2025	2025 (Q3)	1.53 / 3.10	0.91	240.66% (+2.19)
Jul 30, 2025	2025 (Q2)	0.95 / 0.88	1.63	-46.01% (-0.75)
May 01, 2025	2025 (Q1)	0.78 / 1.07	1.72	-37.79% (-0.65)
Feb 05, 2025	2024 (Q4)	-0.66 / -0.93	0.18	-616.67% (-1.11)
Oct 24, 2024	2024 (Q3)	0.81 / 0.91	1.38	-34.06% (-0.47)
Jul 25, 2024	2024 (Q2)	1.41 / 1.63	1.22	33.61% (+0.41)
Apr 25, 2024	2024 (Q1)	1.51 / 1.72	2.04	-15.69% (-0.32)

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
May 05, 2026	$23.21	$25.11	+8.19%
Feb 10, 2026	$19.93	$20.72	+3.97%
Nov 04, 2025	$26.61	$24.89	-6.46%
Jul 30, 2025	$22.40	$25.39	+13.38%

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.