Jun 2026 (Q2 FY26) — Jul 23, 2026
Harley-Davidson Q2 FY26 — Strong North America Retail and Raised Full-Year Guidance
Read the full callHarley-Davidson earnings: last reported Thu, 23 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,230 | −5.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 6.2 | −2.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 79.8 | −25.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $27.11 on 22 Oct 2025 → $28.96. High $29.11 (22 Oct 2026), low $17.19 (18 Mar 2026).
Overview
Call summaries
Harley-Davidson Q2 FY26 — Strong North America Retail and Raised Full-Year Guidance
Read the full callEvery analysed call
Financials
Net profit, year on year: −26% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,151 | 688 | 1,329 | 1,307 | 1,341 | 496 | 1,173 | 1,230 |
| Expenses | 1,045 | 881 | 1,169 | 1,195 | 866 | 857 | 1,149 | 1,154 |
| Operating profit | 106 | -193 | 160 | 112 | 475 | -361 | 23 | 76 |
| Operating margin | 9.2% | −28.1% | 12.1% | 8.6% | 35.4% | −72.8% | 2.0% | 6.2% |
| Interest | 8 | 8 | 8 | 8 | 10 | 8 | 4 | 4 |
| Profit before tax | 133 | -170 | 178 | 130 | 492 | -341 | 42 | 95 |
| Tax rate | 12.8% | 30.4% | 26.5% | 18.8% | 23.7% | 17.1% | 42.7% | 17.1% |
| Net profit | 119 | -117 | 133 | 108 | 377 | -279 | 25 | 80 |
| EPS ($ per share) | 0.92 | — | 1.07 | 0.89 | 3.13 | — | 0.23 | 0.76 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Reserves | 2,008 | 2,194 | 1,285 | 1,842 | 2,491 | 3,101 | 3,465 | 3,717 |
| Total liabilities | 8,892 | 8,724 | 10,288 | 8,498 | 8,586 | 8,888 | 8,723 | 4,888 |
| Fixed assets | 904 | 847 | 744 | 684 | 690 | 732 | 757 | 750 |
| Investments | 10 | — | — | — | — | — | — | — |
| Total assets | 10,666 | 10,528 | 12,011 | 11,051 | 11,492 | 12,141 | 11,882 | 8,045 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,206 | 868 | 1,178 | 976 | 548 | 755 | 1,064 | 569 |
| Cash from investing | -662 | -508 | -67 | -459 | -773 | -512 | -383 | 3,779 |
| Cash from financing | -15 | -712 | 1,374 | -1,885 | -202 | -175 | -572 | -3,010 |
| Net cash flow | 514 | -354 | 2,504 | -1,384 | -446 | 70 | 92 | 1,351 |
| Capital expenditure | -214 | -181 | -131 | -120 | -152 | -207 | -197 | -154 |
| Free cash flow | 992 | 687 | 1,047 | 856 | 397 | 547 | 867 | 415 |
78 filings between Oct 31, 2025 and Oct 1, 2026.
Purchases
$1.85M
6 purchases by 5 insiders
Sales
$842.8K
11 sales by 5 insiders
64% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| NOVA DANIEL J | $982.7K | — | Jul 31, 2026 |
| Starrs Artie | $545.4K | — | Aug 10, 2026 |
| Mansfield Luke Christopher | — | $267.0K | Nov 20, 2025 |
| Root Jonathan R | — | $232.1K | Oct 1, 2026 |
| Littleton Gayle | $197.8K | — | Aug 11, 2026 |
| Do Charles | — | $182.3K | Mar 12, 2026 |
| FARLEY JR JAMES D | — | $120.8K | Feb 25, 2026 |
| Flees Lori Ann | $75.5K | — | Mar 9, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Root Jonathan R CFO and CCO | Sale 10b5-1 plan | 1,559 | $38.1K |
| Sep 24, 2026 | NOVA DANIEL J Director | Option exercise | 5,168 | $0 |
| Sep 1, 2026 | Root Jonathan R CFO and CCO | Sale 10b5-1 plan | 1,554 | $42.7K |
| Aug 11, 2026 | Littleton Gayle CLO, CCO, CAO & Corp Sec | Purchase | 7,500 | $197.8K |
| Aug 10, 2026 | Starrs Artie President & CEO | Purchase | 10,000 | $258.9K |
| Aug 3, 2026 | Root Jonathan R CFO and CCO | Sale 10b5-1 plan | 1,554 | $38.7K |
| Jul 31, 2026 | NOVA DANIEL J Director | Purchase | 40,000 | $982.7K |
| Jul 1, 2026 | Root Jonathan R CFO and CCO | Sale 10b5-1 plan | 1,554 | $38.0K |
| Jun 1, 2026 | Root Jonathan R CFO and CCO | Sale 10b5-1 plan | 1,554 | $37.1K |
| May 21, 2026 | NOVA DANIEL J Director | Award | 4,742 | $0 |
| May 21, 2026 | Reintjes Matthew J Director | Award | 2,479 | $0 |
| May 19, 2026 | Root Jonathan R CFO and CCO | Sale 10b5-1 plan | 1,554 | $37.6K |
| May 14, 2026 | Masood Rafeh Director | Option exercise | 6,015 | $0 |
| May 14, 2026 | FARLEY JR JAMES D Director | Option exercise | 6,015 | $0 |
| May 14, 2026 | Sylvester Maryrose Director | Option exercise | 6,015 | $0 |
| May 14, 2026 | Golston Allan C. Director | Option exercise | 3,008 | $0 |
| May 14, 2026 | Alstead Troy Director | Option exercise | 6,015 | $0 |
| May 14, 2026 | Flees Lori Ann Director | Option exercise | 6,015 | $0 |
| May 11, 2026 | Krause Paul J Chief Legal Officer | Sale 10b5-1 plan | 1,564 | $40.7K |
| Mar 12, 2026 | Do Charles Sr. Vice President, HDFSI | Sale | 4,241 | $76.7K |
| Mar 9, 2026 | Starrs Artie President & CEO | Purchase | 15,000 | $286.5K |
| Mar 9, 2026 | Flees Lori Ann Director | Purchase | 4,000 | $75.5K |
| Feb 27, 2026 | Masood Rafeh Director | Purchase | 2,775 | $50.0K |
| Feb 25, 2026 | FARLEY JR JAMES D Director | Sale | 6,454 | $120.8K |
| Feb 17, 2026 | Krause Paul J Chief Legal Officer | Tax withheld | 1,766 | $36.1K |
| Feb 17, 2026 | Krause Paul J Chief Legal Officer | Award | 3,757 | $0 |
| Feb 17, 2026 | Koval Glen SVP Motorcycle Development | Award | 2,287 | $0 |
| Feb 17, 2026 | Root Jonathan R CFO and CCO | Award | 2,800 | $0 |
| Feb 17, 2026 | Koval Glen SVP Motorcycle Development | Tax withheld | 742 | $15.2K |
| Feb 17, 2026 | Termaat Tori Chief Human Resources Officer | Tax withheld | 1,239 | $25.3K |
| Feb 17, 2026 | Termaat Tori Chief Human Resources Officer | Award | 2,538 | $0 |
| Feb 17, 2026 | Root Jonathan R CFO and CCO | Tax withheld | 821 | $16.8K |
| Feb 13, 2026 | Koval Glen SVP Motorcycle Development | Tax withheld | 742 | $15.2K |
| Feb 13, 2026 | Koval Glen SVP Motorcycle Development | Award | 2,287 | $0 |
| Feb 13, 2026 | Termaat Tori Chief Human Resources Officer | Tax withheld | 1,239 | $25.3K |
| Feb 13, 2026 | Termaat Tori Chief Human Resources Officer | Award | 2,538 | $0 |
| Feb 13, 2026 | Root Jonathan R CFO and CCO | Award | 2,800 | $0 |
| Feb 13, 2026 | Root Jonathan R CFO and CCO | Tax withheld | 821 | $16.8K |
| Feb 13, 2026 | Krause Paul J Chief Legal Officer | Tax withheld | 1,766 | $36.1K |
| Feb 13, 2026 | Krause Paul J Chief Legal Officer | Award | 3,757 | $0 |
| Feb 9, 2026 | Root Jonathan R CFO and CCO | Tax withheld | 348 | $7.1K |
| Feb 9, 2026 | Root Jonathan R CFO and CCO | Option exercise | 1,186 | $0 |
| Feb 9, 2026 | Termaat Tori Chief Human Resources Officer | Tax withheld | 562 | $11.5K |
| Feb 9, 2026 | Koval Glen SVP Motorcycle Development | Tax withheld | 362 | $7.4K |
| Feb 9, 2026 | Beck Bryan Andrew Insider | Option exercise | 398 | $0 |
| Feb 9, 2026 | Krause Paul J Chief Legal Officer | Option exercise | 1,590 | $0 |
| Feb 9, 2026 | Beck Bryan Andrew Insider | Tax withheld | 135 | $2.8K |
| Feb 9, 2026 | Krause Paul J Chief Legal Officer | Tax withheld | 748 | $15.3K |
| Feb 9, 2026 | Termaat Tori Chief Human Resources Officer | Option exercise | 1,074 | $0 |
| Feb 9, 2026 | Koval Glen SVP Motorcycle Development | Option exercise | 968 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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