Quarterly ResultAug 6, 2026, 11:36 AM
Goodyear Reports Q2 Net Loss of $204M; Sales Down to $4.25B
AI Summary
Goodyear Tire & Rubber Co. reported a net loss of $204M for the second quarter of 2026, a significant decline from a net income of $254M in the prior year period. Net sales for the quarter also decreased to $4.25B from $4.465B. For the first six months of 2026, the company recorded a net loss of $453M, compared to a net income of $399M in the first half of 2025. The company continued its rationalization efforts, incurring $133M in charges for the six months, and received $42M in tariff refunds.
Key Highlights
- Q2 2026 Net Loss was $204M, compared to $254M net income in Q2 2025.
- Q2 2026 Net Sales decreased to $4.25B from $4.465B in Q2 2025.
- Basic EPS for Q2 2026 was $(0.71), compared to $0.88 in Q2 2025.
- Six-month Net Loss was $453M, compared to $399M net income in H1 2025.
- Rationalization charges totaled $133M for six months ended June 30, 2026.
- Received $42M in IEEPA tariff refunds during Q2 2026.
- Cash flows from operating activities were $(620)M for H1 2026.
- Goodyear Shareholders' Equity decreased to $2.839B from $3.233B at Dec 31, 2025.
Price Impact
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