Harley Davidson

Q2 FY2026 EarningsQ2 FY26 revenue reached $1.23B, down 6% YoY, primarily due to a 55% decline in HDFS revenue following a shift to a capital-light model. HDMC revenue grew 6% YoY to $1.1B, with global shipments up 9%. Consolidated operating income fell 32% YoY to $76M, though HDMC operating margin improved to 6.6% (+0.7pct). Diluted EPS was $0.75, down 15% YoY. The company raised full-year retail sales and operating income guidance for both HDMC and HDFS segments.