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HARLEY-DAVIDSON, INC.

For the period ended Sep 30, 2026. Filed Nov 4, 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.

Sep 30, 2026 · Filed Nov 4, 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 September 30, 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 100,992,350 shares of common stock as of October 30, 2026.

Form 10-Q

For The Quarter Ended September 30, 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 Statements10
1. Basis of Presentation and Use of Estimates10
2. New Accounting Standards11
3. Revenue12
4. Income Taxes13
5. Earnings Per Share14
6. Additional Balance Sheet and Cash Flow Information14
7. Finance Receivables16
8. Derivative Financial Instruments and Hedging Activities24
9. Debt27
10. Asset-Backed Financing28
11. Fair Value32
12. Product Warranty and Recall Campaigns37
13. Employee Benefit Plans38
14. Commitments and Contingencies38
15. Accumulated Other Comprehensive Loss39
16. Reportable Segments44
17. Supplemental Consolidating Data45
18. Subsequent Event56
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations57
Item 3.Quantitative and Qualitative Disclosures About Market Risk83
Item 4.Controls and Procedures84
Part IIOther Information84
Item 1.Legal Proceedings84
Item 1A.Risk Factors84
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds85
Item 5.Other Information86
Item 6.Exhibits86
Signatures88
ContentsView on SEC.gov

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