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Harley-Davidson HOG LiveWire — Operating Income (Loss)

Other segment segments

Non-Financial Services Entities
$72.34M+18.0%
Financial Services Entities
$21.6M-69.0%

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Other financials

Income statement

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Revenue$1.2B-5.9%
Gross profit$421.1M-24.3%
Operating income$76.0M-32.4%
Net income$79.8M-25.8%
EPS (diluted)$0.75-14.8%

Balance sheet

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Cash & equivalents$1.9B+19.4%
Total debt$1.8B-63.3%
Total equity$3.1B-6.6%
Total assets$7.2B-39.9%

Cash flow

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Operating cash flow-$228.0M-261%
CapEx$12.9M-63.7%
Free cash flow-$259.8M-333%

Valuation

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Market cap$2.67B-9.1%
Enterprise value$2.59B-58.8%
P/E4.5×+1.1×
P/S0.6×0.0×

Profitability

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Gross margin33.4%-8.9pp
Operating margin11%-2.6pp
Net margin10.8%-1.4pp
FCF margin18.4%+6.0pp

Returns & leverage

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Return on equity17.7%-5.8pp
Debt / equity0.6×-0.9×
Current ratio1.9×+0.5×

Where this comes from

Reported directly by Harley-Davidson in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Harley-Davidson’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000793952-26-000061
Line itemThree months ended / June 30,2026Three months ended / June 30,2025Six months ended / June 30,2026Six months ended / June 30,2025
Motorcycles and related products cost of goods sold9,1625,84914,81310,373
Gross (loss) profit(48)162(583)(1,619)
Selling, administrative and engineering expense17,87918,81535,01536,842
Operating loss(17,927)(18,653)(35,598)(38,461)
HDFS:
Financial services revenue117,043257,438228,987502,399
Financial services interest expense30,56293,57469,859182,508
Financial services provision for credit losses17,64349,73830,796103,072

Item 1. Financial Statements

FAQ

What is Harley-Davidson's livewire — operating income (loss)?
Harley-Davidson (HOG) reported livewire — operating income (loss) of -$17.93M in Q2 2026.
How has Harley-Davidson's livewire — operating income (loss) changed year-over-year?
Harley-Davidson's livewire — operating income (loss) increased by 3.9% year-over-year, from -$18.65M to -$17.93M.
What is the long-term trend for Harley-Davidson's livewire — operating income (loss)?
Over 4 years (2021 to 2025), Harley-Davidson's livewire — operating income (loss) has grown at a 2.4% compound annual growth rate (CAGR), from -$68.18M to -$75.02M.
What does livewire — operating income (loss) mean?
This metric measures the profitability of the LiveWire segment after deducting both cost of goods sold and operating expenses from total revenue. It provides a clear view of the segment's operational viability and its contribution to the overall company's bottom line. Investors use this to gauge how close the electric vehicle business is to achieving sustainable profitability.

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