HARLEY-DAVIDSON, INC. — Form 8-K

Harley-Davidson reported Q3 2026 results with North American retail motorcycle sales up 9% YoY (4th consecutive quarter of growth) and global retail sales up 5%. HDMC gross margin improved 173 basis points to 28.1%; HDMC operating income was $44M (down 18% YoY due to lower shipment volume of 33,616 units, down 8%). The company raised full-year 2026 guidance for HDMC (operating income $25–55M; global retail/wholesale 135,500–139,000 units) and HDFS ($60–70M operating income). Net income attributable to HDI was $43M (down from $377M in Q3 2025, primarily due to HDFS's prior-year asset-light model transition). Board added two independent directors: Anthony Fassino (formerly Caterpillar Group President) and Bryan Slone (former Deloitte Managing Partner). Cash returned to shareholders totaled $110M ($91M share repurchase, $19M dividends). Cash position: $2.1B.