The call presents a mixed but cautious picture: management has begun delivering operational fixes (notably dealer inventory reduction above targets, HDFS full-year earnings strength, improved liquidity, LiveWire progress, and a $150M+ cost-savings plan) and outlines a clear reset strategy. However, material near-term financial deterioration remains — including a steep Q4 revenue decline (-28%), larger consolidated operating loss, HDMC margin degradation (~380 bps), shipment and retail volume declines, increasing tariff headwinds, and Q4 HDFS discrete costs — with 2026 guidance indicating continued margin pressure. Given the substantial negative near-term financial trends and guidance offsetting the operational progress, the overall tone is cautious-to-negative despite constructive strategic actions.

Company Guidance

Harley‑Davidson guided 2026 toward a one‑for‑one relationship between retail and wholesale with both retail and wholesale unit expectations of 130,000–135,000, while production is expected to run below wholesale (creating near‑term operating deleverage); management projects HDMC operating income of +$10M to −$40M, HDFS operating income of $45M–$60M under its new capital‑light model (with management saying normalization will take ~2.5–3 years), LiveWire operating loss of $70M–$80M, and incremental tariff headwinds of $75M–$105M versus the 2024 baseline; they also confirmed dealer inventory is generally at appropriate total levels, expect Q1 wholesale slightly down with a pickup into early Q2 and back‑loaded shipments later in the year, plan at least $150M of annual run‑rate savings by 2027 (with some savings beginning in H2 2026), and will take a measured approach to share repurchases while finalizing the May strategic plan.

Dealer Inventory Reduction Exceeded Target

Global dealer inventory declined 17% year-over-year (exceeding the 10% target); North America dealer inventory down 16% and international dealer inventory down 20%, improving dealer starting positions for 2026.

North America Retail Momentum in Q4

North American Q4 retail sales of new motorcycles increased 5% (15,847 units) with positive December acceleration and early indications of improving dealer profitability.

HDFS Full-Year Earnings Strength (Post-Transaction)

Harley-Davidson Financial Services delivered record full-year operating income of $490 million (up from $248 million prior year) driven by transaction-related impacts and favorable provision for credit losses, despite Q4 discrete costs.

Strong Liquidity and Capital Actions

Cash and cash equivalents ended at $3.1 billion (up $1.5 billion year-over-year). The HDFS transaction enabled a $1.0 billion dividend to HDI, and the company repurchased $347 million of shares in FY2025 (~11% of 12/31/2024 shares outstanding).

Planned Structural Cost Savings

Company expects at least $150 million of annual run-rate savings (impacting 2027 and beyond) from a rigorous end-to-end cost and operating expense review; some savings expected to begin in back half of 2026.

LiveWire Momentum and Reduced Losses

LiveWire reported improved performance with Q4 operating loss of $18 million (roughly $8 million favorable to prior year), record retail quarters for EV motorcycles, and unit growth/expansion initiatives ahead of the Honcho launch.

Product and Brand Repositioning Underway

Management is implementing portfolio actions to widen accessibility (more affordable motorcycles, new '26 launches including redesigned trike and limited models), refocusing on customization/P&A and more optimistic brand storytelling to reignite demand.

LiveWire Group (LVWR) 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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LVWR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 23, 2026	2026 (Q1)	- / -	-0.09	―	―	―
Feb 10, 2026	2025 (Q4)	- / -0.09	-0.11	18.18% (+0.02)	―
Nov 04, 2025	2025 (Q3)	- / -0.10	-0.11	9.09% (<+0.01)	―
Jul 30, 2025	2025 (Q2)	- / -0.09	-0.12	25.00% (+0.03)	―
May 01, 2025	2025 (Q1)	- / -0.09	-0.12	25.00% (+0.03)	―
Feb 05, 2025	2024 (Q4)	- / -0.11	-0.16	31.25% (+0.05)	―
Oct 24, 2024	2024 (Q3)	-0.17 / -0.11	-0.07	-57.14% (-0.04)	―
Jul 25, 2024	2024 (Q2)	-0.15 / -0.12	-0.2	40.00% (+0.08)	―
Apr 25, 2024	2024 (Q1)	-0.14 / -0.12	-0.1	-20.00% (-0.02)	―	―
Feb 08, 2024	2023 (Q4)	-0.14 / -0.16	-0.111	-44.14% (-0.05)	―	―

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

LVWR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 10, 2026	$2.61	$2.28	-12.64%
Nov 04, 2025	$5.15	$4.79	-6.99%
Jul 30, 2025	$3.96	$3.97	+0.25%
May 01, 2025	$1.79	$1.54	-13.97%

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 LiveWire Group (LVWR) report earnings?

LiveWire Group (LVWR) is schdueled to report earning on Apr 23, 2026, Before Open (Not Confirmed).

What is LiveWire Group (LVWR) earnings time?

LiveWire Group (LVWR) earnings time is at Apr 23, 2026, Before Open (Not Confirmed).

Where can I see when companies are reporting earnings?

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What companies are reporting earnings today?

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What is LVWR EPS forecast?

Currently, no data Available