Quarterly ResultNov 4, 2026, 04:31 PM
Goodyear Q3 2026 Net Loss $238M; Sales $4.5B; Transformation Office Launched
AI Summary
Goodyear Tire & Rubber Company reported its third quarter 2026 results, showing sequential earnings improvement but continued market challenges. Net sales decreased 2.3% year-over-year to $4.5 billion, though organic sales increased 1.6%. The company reported a net loss of $238 million, an improvement from the prior year's loss of $2.2 billion, but adjusted net loss was $31 million compared to adjusted net income in the prior year. Segment operating income declined to $174 million. Goodyear has established a dedicated transformation office to drive structural changes and improve cash generation.
Key Highlights
- Goodyear reported Q3 2026 net sales of $4.5 billion, a 2.3% decrease YoY, but up 1.6% organically.
- Q3 2026 net loss was $238 million ($0.82/share), compared to a $2.2 billion loss ($7.62/share) in Q3 2025.
- Adjusted Q3 2026 net loss was $31 million ($0.11/share), compared to adjusted net income of $82 million ($0.28/share) in Q3 2025.
- Segment operating income was $174 million in Q3 2026, down from $287 million in Q3 2025.
- Americas Q3 2026 net sales decreased 2.3% to $2.7 billion; segment operating income fell to $96 million from $206 million.
- EMEA Q3 2026 net sales decreased 3.7% to $1.4 billion; segment operating income was $12 million, down from $30 million.
- Asia Pacific Q3 2026 net sales increased 1.8% to $510 million; segment operating income rose to $66 million from $51 million.
- Goodyear established a dedicated transformation office to accelerate opportunities for improved structural returns and cash generation.
Price Impact
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