Q2 2026 Harley-Davidson Inc and LiveWire Group Inc Earnings Call Transcript
Key Points
- Harley-Davidson Inc (HOG) reported a 3% increase in North American retail sales, marking the third consecutive year-over-year quarter of retail growth in the region.
- The company improved its dealer inventory health, with over 85% of dealer inventory being model year 2026 products, the healthiest inventory position in years.
- New motorcycle launches, such as the Super Glide and Deadwood models, have generated significant enthusiasm and strong sell-through rates among dealers and riders.
- Harley-Davidson Inc (HOG) increased its financial guidance for 2026, reflecting confidence in retail, HDMC operating income, and HDFS operating income.
- The company is on track to achieve $150 million in fixed cost savings by 2027, with a focus on strategic priorities like dealer profitability and inventory management.
- Harley-Davidson Inc (HOG) faced challenges in the European market, with a 9% decline in EMEA retail sales in Q2, reflecting a subdued economic environment.
- The company is dealing with domestic supplier challenges that have impacted margins in 2026, although efforts are being made to improve supply chain reliability.
- Tariff uncertainty remains a concern, with ongoing impacts on financial results and the need for transparency with investors.
- HDFS revenue decreased by 55% due to a decline in retail receivables related to the sale of loan assets, impacting overall consolidated revenue.
- The company experienced a 6% decline in consolidated revenue for the second quarter, driven primarily by the decrease in HDFS revenue.
Thank you for standing by, and welcome to the Harley-Davidson 2026 second quarter Investor and Analyst conference call. Please be advised that today's conference is being recorded.
I would now like to hand the conference over to Shaw Collins. Thank you. Please go ahead.
Thank you. Good morning. This is Shaw Collins, the Director of Investor Relations at Harley-Davidson. You can access the slides supporting today's call on the Internet. At the Harley-Davidson Investor Relations website.
As you might expect, our comments will include forward-looking statements that are subject to risks that could cause actual results to be materially different. Those risks include, among others, matters we have noted in today's earnings release and in our latest filings with the SEC.
Joining me for this morning's call are Harley-Davidson Chief Executive Officer, Arthur Starrs and Chief Financial and Commercial Officer, Jonathan Root.
With that, let me turn it over to Harley
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