Quarterly ResultMay 6, 2026, 12:46 PM
Harley-Davidson Q1 Net Income Down 81.4% to $24.8M; EPS $0.23
AI Summary
Harley-Davidson reported a significant decline in Q1 2026 net income, falling 81.4% to $24.8 million, with diluted EPS at $0.22. Total revenue decreased by 11.8% to $1.17 billion, primarily due to a 54.3% drop in financial services revenue and a 2.2% decrease in motorcycles and related products revenue. Operating income also saw a sharp decline of 85.4% to $23.5 million, and the company used $228 million in cash from operating activities compared to providing $141.5 million in the prior year. The effective income tax rate increased to 42.7% from 26.5%.
Key Highlights
- Net income attributable to Harley-Davidson, Inc. decreased 81.4% to $24.8 million.
- Diluted earnings per share fell to $0.22 from $1.07 year-over-year.
- Total revenue declined 11.8% to $1.17 billion.
- Financial services revenue dropped 54.3% to $111.9 million.
- Motorcycles and related products revenue decreased 2.2% to $1.06 billion.
- Operating income plunged 85.4% to $23.5 million.
- Net cash used in operating activities was $228.0 million, compared to $141.5 million provided.
- Effective income tax rate increased to 42.7% from 26.5%.
Price Impact
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