| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 3.9K | 8.8% |
| Total Income | 3.9K | 8.8% |
| Expenditure | 4.1K | 1.5% |
| PBT | -180.00 | 237.4% |
| Net Profit | -249.00 | 316.5% |
| OPM | — | |
| NPM | -6.42% | 9.12pp |
| EPS | -0.86 | 315.0% |
Goodyear Announces Q1 2026 Results; Net Sales at $3.9 Billion
07 May 2026 · 7 May, 1:54 am
Summary
Goodyear reported first quarter 2026 net sales of $3.9 billion with tire unit volumes of 34.0 million. The company experienced a net loss of $249 million, or $0.86 per share, compared to a net income of $115 million, or $0.40 per share, in the prior year. Segment operating income was $95 million, down from $195 million in the previous year. The company highlighted that Goodyear Forward delivered $107 million of benefits during the quarter. Management noted a challenging environment with weak consumer industry demand and increased pressure on industry demand and higher raw material costs.
Key Highlights
- 1
Goodyear's first quarter 2026 net sales were $3.9 billion, with tire unit volumes totaling 34.0 million.
- 2
The company reported segment operating income of $95 million in the first quarter of 2026, compared to $195 million from one year ago.
- 3
Goodyear Forward delivered $107 million of benefits in the first quarter of 2026.
- 4
EMEA’s first quarter 2026 net sales increased 6.7% from first quarter 2025, driven by benefits from currency and price/mix.
- 5
Asia Pacific's first quarter 2026 segment operating income of $57 million was $12 million higher than the prior year.
- 6
Americas’ first quarter 2026 net sales of $2.1 billion were 17.5% lower than the previous year.
Management Comments
Mark Stewart
"The first quarter reflected a challenging environment, marked by weak consumer industry demand in both OE and replacement across the majority of our key geographies," said Stewart. "Despite a weak environment, our first quarter results were in line with our expectations and reflect our commitment to drive value for our brands in the marketplace, where we offer world-class differentiated products and services." "Looking ahead, increased pressure on industry demand and higher raw material costs stemming from the conflict in the Middle East require that we continue to take meaningful actions to strengthen our cost structure," added Stewart. "We have consistently demonstrated a strong capability in driving cost transformation. We expect to deliver further savings to position the company for long term value creation."
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