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HARLEY-DAVIDSON, INC.

For the period ended Mar 31, 2026. Filed May 6, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 6, 2026

HOG$32.66+0.2%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 1-9183

Harley-Davidson, Inc.

(Exact name of registrant as specified in its charter)

Wisconsin39-1382325
(State of organization)(I.R.S. Employer Identification No.)
3700 West Juneau AvenueMilwaukeeWisconsin53208
(Address of principal executive offices)(Zip code)

Registrant's telephone number, including area code: (414)342-4680

None

(Former name, former address and former fiscal year, if changed since last report)

Securities Registered Pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Common Stock Par Value $.01 PER SHAREHOGNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒

The registrant had outstanding 105,268,302 shares of common stock as of April 30, 2026.

Form 10-Q

For The Quarter Ended March 31, 2026

Part IFinancial Information3
Item 1.Financial Statements3
Consolidated Statements of Operations3
Consolidated Statements of Comprehensive Income4
Consolidated Balance Sheets5
Consolidated Statements of Cash Flows7
Consolidated Statements of Shareholders' Equity8
Notes to Consolidated Financial Statements9
1. Basis of Presentation and Use of Estimates9
2. New Accounting Standards10
3. Revenue11
4. Income Taxes12
5. Earnings Per Share13
6. Additional Balance Sheet and Cash Flow Information13
7. Finance Receivables15
8. Derivative Financial Instruments and Hedging Activities22
9. Debt25
10. Asset-Backed Financing26
11. Fair Value29
12. Product Warranty and Recall Campaigns33
13. Employee Benefit Plans34
14. Commitments and Contingencies34
15. Accumulated Other Comprehensive Loss36
16. Reportable Segments37
17. Supplemental Consolidating Data38
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations48
Item 3.Quantitative and Qualitative Disclosures About Market Risk65
Item 4.Controls and Procedures66
Part IIOther Information66
Item 1.Legal Proceedings66
Item 1A.Risk Factors66
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds67
Item 5.Other Information68
Item 6.Exhibits68
Signatures70
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