Harley-Davidson Inc (HOG) News & EventsHOGNews & EventsHarley-Davidson Inc

Dow, S&P 500, and Nasdaq Futures Decline

Stock futures are lower as investors digest the first wave of megacap technology earnings, with concerns over accelerating artificial intelligence spending outweighing otherwise solid quarterly results. Dow, S&P 500 and Nasdaq futures are all in negative territory before the opening bell, while Treasury yields and oil prices are climbing, adding pressure to equity markets.Alphabet and Tesla set the tone for the session after reporting second quarter results late Wednesday. Alphabet posted record growth in its cloud business and topped earnings expectations, but investors focused on the company's increased capital expenditure outlook as it ramps up AI investments. Tesla also came under pressure after reporting negative free cash flow for the first time in more than two years, reinforcing concerns about margins and the cost of its AI and autonomous driving initiatives.The market's attention has shifted from whether big tech can deliver earnings growth to whether the billions of dollars being poured into AI infrastructure will generate sufficient returns. Investors will continue to monitor upcoming results from Intel and other technology companies for additional insight into AI-related capital spending and demand across the semiconductor supply chain.Geopolitical tensions are also weighing on sentiment after attacks linked to Iranian-backed Houthi militants disrupted shipping near the Bab el-Mandeb strait. Brent crude has climbed toward $100 a barrel, raising fresh concerns about inflation. Higher oil prices have pushed Treasury yields higher, particularly on the short end of the curve.In pre-market trading, S&P 500 futures fell 0.98%, Nasdaq futures fell 1.37% and Dow futures fell 1.0%.Check out this morning's top movers from around Wall Street, compiled by The Fly.UP AFTER EARNINGS -Cleveland-Cliffsup 9%West Pharmaceuticalsup 7%Quest Diagnosticsup 6%RTXup 5%Lockheed Martinup 5%Thermo Fisherup 5%Huntington Bancsharesup 1%Tractor Supplyup 4%McCormickup 1%Nokiaup 1%Honeywellup 1%DOWN AFTER EARNINGS -Alphabetdown 5%STMicroelectronicsdown 13%Tesladown 7%American Airlinesdown 5%Infosysdown 4%T-Mobiledown 4%Dow Inc.down 2%Harley-Davidsondown 1%

Company Raises Full-Year Guidance to $1.23 Billion

Reports Q2 revenue $1.23B, consensus $1.17B. "Our Q2 performance reflects strength in our domestic retail business, continued focus on healthy dealer inventory levels and the exceptional commitment of our dealer network. We also made meaningful progress against our Back to the Bricks strategic initiatives, strengthening execution across the business and driving improved profitability. Given this progress, our first-half results, and our market share gains, we are raising our full-year guidance and remain confident in our ability to create long-term value for shareholders," said Artie Starrs, President and CEO.

Harley-Davidson Updates 2026 Outlook, Raises Motorcycle Retail Sales Forecast to 138,500 Units

Harley-Davidson provided its updated 2026 outlook. The company revised its financial guidance and now expects: HDMC global motorcycle retail sales of 133,500 to 138,500 units from a previously expected range of 130,000 to 135,000 units; HDMC global motorcycle wholesale shipments of 133,500 to 138,500 units from a previously expected range of 130,000 to 135,000 units; HDMC operating income of $10M-$50M from a previously expected range of a $40M loss to a $10M profit; HDFS operating income of $55M-$65M from a previously expected range of $45M-$60M. For the full year 2026, the company continues to expect: LiveWire operating loss of $70M-$80M, Harley-Davidson, Inc. capital investments of $175M-$200M.