Quarterly ResultMay 6, 2026, 04:24 PM
Goodyear Reports Q1 2026 Net Loss of $249M; Sales $3.9B
AI Summary
Goodyear Tire & Rubber Company announced its first quarter 2026 results, reporting a net loss of $249 million, or $0.86 per share, on net sales of $3.9 billion. This compares to a net income of $115 million in the prior year. The company's adjusted net loss was $112 million, or $0.39 per share, reflecting a challenging environment with weak consumer industry demand and higher raw material costs. Despite these headwinds, the Goodyear Forward program delivered $107 million in benefits, and results in EMEA and Asia Pacific strengthened.
Key Highlights
- Goodyear reported Q1 2026 net sales of $3.9 billion, down from $4.25 billion in Q1 2025.
- Goodyear net loss was $249 million, or $0.86 per share, compared to net income of $115 million ($0.40 per share) in Q1 2025.
- Adjusted net loss was $112 million, or $0.39 per share, compared to an adjusted net loss of $11 million ($0.04 per share) in the prior year.
- Segment operating income was $95 million, down from $195 million in Q1 2025, including a $46 million tariff benefit.
- Americas segment net sales decreased 17.5% to $2.1 billion, with segment operating income down $118 million to $37 million.
- EMEA segment net sales increased 6.7% to $1.4 billion, with segment operating income improving to $1 million from a $(5) million loss.
- Asia Pacific segment net sales decreased 4.0% to $455 million, but segment operating income increased $12 million to $57 million.
- Goodyear Forward delivered $107 million in benefits, partially offsetting higher inflation and lower volume.