Harley-Davidson corrected its own earnings release after the close, and changed one number in it

The correction arrived as an exhibit, ten hours after the thing it corrects. Harley-Davidson furnished Amendment No. 1 to a Current Report on Form 8-K late on July 23, replacing the second-quarter earnings release it had issued that morning with a corrected version. The note at the front of the amendment is unusually plain about what happened. The original release, it says, gave a range for expected full-year operating income at Harley-Davidson Financial Services but "included an incorrect number for the high end of the range."

One figure moved. Full-year HDFS operating income guidance now reads $55m to $70m, against a previously expected range of $45m to $60m. The original exhibit had put the top of the new range at $65m. Everything else in the two documents is identical, and the amendment says the supporting slides and the discussion on the morning webcast already reflected the correct range.

The quarter it sits on was a mixed one. Consolidated revenue was $1,230m against $1,307m a year earlier, down 6 percent, and operating income was $76m against $112m. Net income attributable to Harley-Davidson was $80m against $108m, down 26 percent, and diluted earnings per share came in at $0.75 against $0.88. Consolidated operating margin was 6.2 percent, against 8.6 percent in the same quarter of 2025.

The two halves of the company moved in opposite directions, which is the whole shape of the result. At Harley-Davidson Motor Company, revenue rose 6 percent to $1,104m, operating income rose 18 percent to $72m, and global shipments rose 9 percent to 39,209 units. At Harley-Davidson Financial Services, revenue fell 55 percent to $117m and operating income fell 69 percent to $22m, a decline the company attributes to lower retail finance receivables following the sale of loan assets in the second half of 2025.

Retail was flatter than either. Worldwide retail motorcycle sales were 42,500 units, up 1 percent, with North America up 3 percent at 29,751 units and the EMEA region down 9 percent. Global dealer inventory of new motorcycles ended the quarter down 17 percent against the end of the second quarter of 2025.

On the strength of that, the company revised its full-year guidance upward. It now expects global motorcycle retail sales of 133,500 to 138,500 units and wholesale shipments in the same range, both raised from 130,000 to 135,000 units, and HDMC operating income of $10m to $50m, against a previous range that ran from a $40m loss to a $10m profit. The LiveWire operating loss of $70m to $80m and capital investments of $175m to $200m are unchanged.