Quarterly ResultNov 5, 2026, 10:21 AM
Goodyear Q3 Net Loss Narrows to $238M; Sales Decline
AI Summary
Goodyear Tire & Rubber Co. reported its third-quarter financial results, showing a reduced net loss compared to the previous year, with a loss of $238 million ($0.82 per share) for Q3 2026, an improvement from a $2,195 million loss ($7.62 per share) in Q3 2025. The nine-month net loss also narrowed significantly. However, net sales decreased year-over-year for both the quarter and the nine-month period. The company incurred higher rationalization costs in the current quarter. The balance sheet shows an increase in total assets and liabilities.
Key Highlights
- Goodyear reported a net loss of $238 million ($0.82 per share) for Q3 2026, compared to a net loss of $2,195 million ($7.62 per share) in Q3 2025.
- Nine-month net loss for 2026 was $691 million ($2.39 per share), an improvement from $1,826 million ($6.35 per share) in the same period of 2025.
- Net sales for Q3 2026 were $4,540 million, a decrease from $4,645 million in Q3 2025.
- Nine-month net sales for 2026 were $12,671 million, down from $13,363 million in the prior year period.
- Goodwill impairment of $674 million was recorded in Q3 2025, with no such charge in Q3 2026.
- Rationalization costs were $148 million in Q3 2026, up from $21 million in Q3 2025.
- Total assets were $18,500 million as of September 30, 2026, compared to $18,208 million as of December 31, 2025.
- Total liabilities increased to $15,706 million as of September 30, 2026, from $14,805 million as of December 31, 2025.
Price Impact
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