Filing Flows › Harley-Davidson (HOG) › Q3 2026
Harley-Davidson (HOG) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Harley-Davidson (HOG) reported revenue of $1.1B for the third quarter 2026 (Q3 2026), -19% from a year earlier and -12% from the quarter before. Operating margin was 3.4%, net earnings $42.8M (3.9% of revenue).
Harley-Davidson, Q3 2026: revenue $1.1B (-19% year over year), operating margin 3.4%, net earnings $42.8M, operating cash flow $336M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -12% | -19% |
| Operating profit | $37.3M | -51% | -92% |
| Net earnings | $42.8M | -46% | -89% |
| Operating cash flow | $336M | +99% | — |
| Free cash flow | $316M | +103% | — |
What changed
Revenue was $1.1B in Q3 2026, down 19% year over year and down 12% from the previous quarter. Non-Financial Services Entities was the largest line at 89% of revenue. Non-Financial Services Entities lost $0.11B year over year (down 10%), 43% of the total change.
Operating profit was $0.04B, a 3.4% margin (down 32.0 points year over year). Total costs grew 21% against a revenue fall of 19%. Net earnings were $0.04B, down 89% year over year ($0.04B including minority interests, which bore $1.8M of losses). The effective tax rate was 29.3%. Non-operating items added $0.02B, 36% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.34B, 820% of net income including minority interests. Non-cash charges added back $0.04B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.25B. Capital expenditures of $0.02B left free cash flow of $0.32B.
Questions
What was Harley-Davidson's revenue in the third quarter 2026?
Harley-Davidson (HOG) reported revenue of $1.1B for the third quarter 2026 (Q3 2026), -19% from a year earlier and -12% from the quarter before.
Was Harley-Davidson profitable in the third quarter 2026?
Operating profit was $37.3M (3.4% of revenue) and net earnings $42.8M.
Source: Harley-Davidson 10-Q on SEC EDGAR.