| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 4.5K | 6.8% | 2.3% |
| Total Income | 4.5K | 6.8% | 2.3% |
| Expenditure | 4.8K | 7.8% | 11.6% |
| PBT | -211.00 | 31.1% | 71.2% |
| Net Profit | -238.00 | 16.7% | 89.2% |
| OPM | — | ||
| NPM | -5.24% | 0.44pp | 42.01pp |
| EPS | -0.82 | 15.5% | 89.2% |
Goodyear Announces Q3 2026 Results
05 Nov 2026 · 18h ago
Summary
The Goodyear Tire & Rubber Company reported third quarter 2026 results, with net sales of $4.5 billion, down 2.3% year over year but up 1.6% organically. The company reported a net loss of $238 million, an improvement from the prior year's significant loss, with an adjusted net loss of $31 million. Management noted sequential earnings improvement but acknowledged performance remains below expectations, leading to the establishment of a transformation office to drive structural changes and improve cash generation amidst persistent challenging industry conditions.
Key Highlights
- 1
Goodyear reported third quarter 2026 net sales of $4.5 billion, a decrease of 2.3% year over year, though organic net sales increased 1.6% after adjusting for divestitures.
- 2
The company reported a Goodyear net loss of $238 million, or $0.82 per share, for the third quarter of 2026, an improvement from a net loss of $2.2 billion, or $7.62 per share, in the prior year's third quarter.
- 3
Adjusted net loss for the third quarter of 2026 was $31 million, or $0.11 per share, compared to an adjusted net income of $82 million, or $0.28 per share, in the prior year's third quarter.
- 4
Segment operating income was $174 million in the third quarter of 2026, down from $287 million in the prior year, with organic results showing improvement in Asia Pacific and EMEA offset by pressures in the Americas.
- 5
18" and above consumer tire products represented 44% of sales volumes in Q3 2026, up from 39% a year ago, indicating continued progress in shifting toward higher-value products.
- 6
A dedicated transformation office has been established to accelerate the evaluation and execution of opportunities to improve structural returns and cash generation.
Management Comments
Mark Stewart
While our third quarter results reflected meaningful sequential earnings improvement, our financial performance remains below our expectations. We've made real progress in strengthening our product portfolio and optimizing our manufacturing footprint. But as challenging industry conditions persist, incremental improvements alone won't get us to where we need to be. To get there, we've established a dedicated transformation office to pursue broader operational and strategic opportunities and to drive structural changes that will allow the business to generate more consistent free cash flow.
Informational and educational content only. Not investment advice.