GOODYEAR TIRE & RUBBER CO /OH/ Q2 FY26 Results

Summary

The Goodyear Tire & Rubber Company reported second quarter 2026 results with net sales of $4.3 billion, down 4.8% year-over-year, and a net loss of $204 million ($0.71 per share), a decline from the prior year's net income of $254 million ($0.87 per share). The company experienced a decrease in tire unit volume, though it showed moderation compared to the first quarter. Segment operating income was $36 million, impacted by various factors across regions, but benefited from $95 million in Goodyear Forward initiatives. Management highlighted ongoing actions to improve performance in a competitive environment through product strengthening, OE growth, and manufacturing footprint optimization.

Key Highlights

1. 1

   Goodyear reported second quarter 2026 net sales of $4.3 billion, a decrease of 4.8% year-over-year, with organic net sales down 1.4% due to lower volumes.

2. 2

   Tire unit volume for the second quarter of 2026 was 36.5 million units, a decrease of 4.0% year-over-year, showing improvement from the first quarter's decline.

3. 3

   Segment operating income for the second quarter of 2026 was $36 million, compared to $159 million in the prior year, with strong results in Asia Pacific and improvement in EMEA offset by headwinds in the Americas.

4. 4

   Goodyear Forward delivered $95 million of benefits in the second quarter, and manufacturing footprint optimization is underway with a recently announced action expected to provide approximately $270 million in annual savings by 2028.

5. 5

   The company reported a second quarter 2026 net loss of $204 million, or $0.71 per share, compared to a net income of $254 million, or $0.87 per share, in the prior year.

6. 6

   Second quarter 2026 adjusted net loss was $177 million, compared to an adjusted net loss of $48 million in the prior year's quarter, with adjusted loss per share at $0.61 compared to $0.17.