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Goodyear (NASDAQ: GT) swings to Q1 2026 loss as demand and costs bite

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

The Goodyear Tire & Rubber Company reported first quarter 2026 net sales of $3.881 billion and a Goodyear net loss of $249 million, or $(0.86) per diluted share, compared with net income of $115 million, or $0.40 per share, a year earlier.

Adjusted net loss was $112 million, with adjusted diluted earnings per share of $(0.39), versus an adjusted net loss of $11 million and $(0.04) per share in the prior-year quarter. Total segment operating income fell to $95 million from $195 million, despite $107 million of benefits from the Goodyear Forward program and favorable price/mix versus raw materials.

Americas net sales declined to $2.063 billion, down 17.5%, with segment operating income dropping to $37 million amid weaker consumer replacement demand and the sale of the Chemical business. EMEA improved to slightly positive segment operating income, while Asia Pacific delivered $57 million of segment operating income and a 12.5% margin, helped by price/mix and Goodyear Forward benefits.

Positive

  • None.

Negative

  • Q1 2026 profitability deteriorated sharply, with Goodyear net loss of $249 million (versus $115 million net income a year earlier) and total segment operating income falling to $95 million from $195 million.
  • Cash generation weakened, as cash flows from operating activities were a use of $718 million in Q1 2026 compared with a use of $538 million in the prior-year quarter, while debt levels remained substantial.

Insights

Goodyear swung from profit to a sizable loss as demand softened and costs rose.

Goodyear generated Q1 2026 net sales of $3.881 billion, but reported a Goodyear net loss of $249 million versus net income of $115 million a year earlier. Adjusted net loss widened to $112 million, while total segment operating income dropped to $95 million from $195 million.

Weaker consumer replacement demand, particularly in the Americas, and higher inflation and other costs pressured profitability. The company cited increased pressure on industry demand and higher raw material costs related to conflict in the Middle East, while also flagging uncertainty around the timing and amount of any IEEPA tariff refund.

Management highlighted $107 million of Goodyear Forward benefits and stronger EMEA and Asia Pacific results, including a 12.5% segment margin in Asia Pacific, as key offsets. Future filings and updates around cost savings execution, raw material trends, and regional demand will clarify how effectively Goodyear can restore margins after Q1 2026.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net sales $3.881 billion Three months ended March 31, 2026
Goodyear net income (loss) $(249) million Three months ended March 31, 2026
Adjusted net income (loss) $(112) million First quarter 2026 adjusted result
Total segment operating income $95 million Three months ended March 31, 2026
Goodyear Forward benefits $107 million First quarter 2026 cost and efficiency benefits
Americas net sales $2.063 billion First quarter 2026, 17.5% lower year over year
Asia Pacific segment margin 12.5% First quarter 2026 segment operating margin
Operating cash flows $(718) million Cash flows from operating activities, Q1 2026
Segment Operating Income financial
"The company reported segment operating income of $95 million in the first quarter of 2026"
Segment operating income is the profit a company earns from one specific part of its business after subtracting the costs of running that part but before interest, taxes and corporate-level items. For investors, it shows which divisions are actually generating operating profit and lets you compare the health and efficiency of different business “slices,” much like checking the cash a single store in a chain makes before company-wide overhead is applied.
Adjusted Diluted Earnings Per Share financial
"Adjusted loss per share was $0.39 compared to $0.04 in the prior year's quarter"
Adjusted diluted earnings per share is the company’s net profit per share after accounting for potential extra shares (from options or convertible securities) and removing one‑time or unusual items so the number reflects ongoing business results. Think of it like timing a runner’s steady pace after excluding a few unexpected stops; it gives investors a clearer view of sustainable profit available to each share. Investors use it to compare companies and judge underlying profitability and valuation without short‑term distortions.
Goodyear Forward financial
"the impact of lower volume of $159 million, partially offset by benefits from Goodyear Forward of $107 million"
IEEPA tariff adjustment financial
"includes a $46 million benefit from a tariff adjustment following a recent U.S. Supreme Court decision"
An IEEPA tariff adjustment is a change to import duties or trade restrictions made under the U.S. International Emergency Economic Powers Act, which lets the government alter customs rules during declared national emergencies or to enforce sanctions. For investors, it matters because such adjustments can suddenly raise or lower the cost of bringing goods into the country, reshuffle supply chains, and shift competitive advantages—like a toll hike on a major bridge that makes some routes much more expensive and forces companies to find alternatives.
Return on Net Sales financial
"Return on Net Sales | (6.4) % | | 2.7 %"
Net sales $3.881 billion
Goodyear net income (loss) $(249) million
Diluted EPS $(0.86)
Understanding 8-K Material Events →
false000004258200000425822026-05-062026-05-06

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 8-K
___________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (date of earliest event reported): May 6, 2026
___________________________________
The Goodyear Tire & Rubber Company
(Exact name of registrant as specified in its charter)
___________________________________

Ohio
1-1927
34-0253240
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
(I.R.S. Employer Identification Number)
200 Innovation Way
Akron, Ohio 44316-0001
(Address of principal executive offices and zip code)
(330) 796-2121
(Registrant's telephone number, including area code)
___________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol
Name of each exchange on which registered
Common Stock, Without Par Value
GT
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company    ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ☐


Item 2.02     Results of Operations and Financial Condition.

A copy of the News Release issued by The Goodyear Tire & Rubber Company on Wednesday, May 6, 2026, describing its results of operations for the first quarter of 2026, is attached hereto as Exhibit 99.1.


Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.
Description
99.1
News Release, dated May 6, 2026
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


THE GOODYEAR TIRE & RUBBER COMPANY
Date: May 6, 2026
By:
/s/ Christina L. Zamarro

Christina L. Zamarro

Executive Vice President and Chief Financial Officer



1
FOR IMMEDIATE RELEASE
NEWS RELEASE
imagea.jpg
MEDIA CONTACT:
KELLY MCGLUMPHY
KELLY_MCGLUMPHY@GOODYEAR.COM
ANALYST CONTACT:
RYAN REED
RYAN_REED@GOODYEAR.COM
GOODYEAR ANNOUNCES FIRST QUARTER 2026 RESULTS
EMEA and Asia Pacific results strengthened; Goodyear Forward delivered $107 million of benefits
AKRON, Ohio, May 6, 2026 – The Goodyear Tire & Rubber Company (NASDAQ:GT) reported first quarter 2026
results today and the company will host an investor call tomorrow morning, Thursday, May 7, at 8:30 a.m.
Eastern time led by Mark Stewart, Goodyear’s chief executive officer and president, and Christina Zamarro, the
company’s executive vice president and chief financial officer.
"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."
Financial Results
Goodyear's first quarter 2026 net sales were $3.9 billion, with tire unit volumes totaling 34.0 million. First
quarter 2026 Goodyear net loss was $249 million, or $0.86 per share, compared to Goodyear net income one
year ago of $115 million, or $0.40 per share.  First quarter 2026 included several significant items, including,
on a pre-tax basis, rationalization charges of $104 million. This significant item, and others, are excluded from
adjusted earnings.
First quarter 2026 adjusted net loss was $112 million compared to adjusted net loss of $11 million in the prior
year's quarter. Adjusted loss per share was $0.39 compared to $0.04 in the prior year's quarter. Per share
amounts are diluted.
2
Segment Results
The company reported segment operating income of $95 million in the first quarter of 2026, compared to
$195 million from one year ago. Segment operating income includes a $46 million benefit from a tariff
adjustment following a recent U.S. Supreme Court decision.
After adjusting for the sales of its Chemical business and the Dunlop brand, segment operating income
decreased $63 million. The decrease in segment operating income reflects higher inflation and other costs of
$163 million and the impact of lower volume of $159 million, partially offset by benefits from Goodyear
Forward of $107 million, favorable price/mix versus raw material costs of $103 million and an IEEPA tariff
adjustment of $46 million.
Additional earnings materials can be found on Goodyear’s investor relations website at http://
investor.goodyear.com. 
Reconciliation of Non-GAAP Financial Measures
See “Non-GAAP Financial Measures” and “Financial Tables” for further explanation and reconciliation tables
for historical Total Segment Operating Income and Margin; Adjusted Net Income (Loss); and Adjusted Diluted
Earnings per Share, reflecting the impact of certain significant items on the 2026 and 2025 periods.
3
Business Segment Results
AMERICAS
First Quarter
(In millions)
2026
2025
Tire Units
15.3
18.4
Net Sales
$2,063
$2,502
Segment Operating Income 
$37
$155
Segment Operating Margin
1.8%
6.2%
Americas’ first quarter 2026 net sales of $2.1 billion were 17.5% lower than the previous year, driven by a
decline in consumer replacement volume and the sale of the Chemical business. Tire unit volume decreased
17.0%. Replacement tire unit volume decreased 23.2%, driven by weak industry conditions in North America.
Replacement volumes reflect lower sell-in industry volume, increased competitive promotional activity and
the planned rationalization of lower-tier product offerings. Original equipment tire unit volume increased
8.2%, reflecting strong consumer market share gains. Similar to prior quarters, Commercial industry volume
was lower in both OE and replacement given a prolonged industry downturn.
Segment operating income of $37 million decreased $118 million from last year. Excluding the impact of the
sale of the Chemical business, Americas' segment operating income decreased $87 million driven by the
impact of lower volume, general inflation and higher other costs, partially offset by Goodyear Forward
benefits, the expected IEEPA tariff refund, and price/mix versus raw materials.
EMEA
First Quarter
(In millions)
2026
2025
Tire Units
11.2
12.3
Net Sales
$1,363
$1,277
Segment Operating Income (Loss)
$1
$(5)
Segment Operating Margin
0.1%
(0.4)%
EMEA’s first quarter 2026 net sales of $1.4 billion increased 6.7% from first quarter 2025, driven by benefits
from currency and price/mix, partly offset by lower tire volume, inclusive of the sale of the Dunlop brand.
Replacement unit volume decreased 15.2%, driven by market weakness in the E.U., increased competition and
the planned rationalization of lower-tier product offerings. Original equipment tire unit volume increased
8.1%, reflecting strong consumer market share gains.
First quarter segment operating income of $1 million increased $6 million from the prior year. Excluding the
impact of the sale of the Dunlop brand, EMEA's segment operating income increased $13 million driven by
benefits from price/mix versus raw materials and Goodyear Forward, partly offset by higher costs and
inflation.
4
ASIA PACIFIC
First Quarter
(In millions)
2026
2025
Tire Units
7.5
7.8
Net Sales
$455
$474
Segment Operating Income 
$57
$45
Segment Operating Margin
12.5%
9.5%
Asia Pacific's first quarter 2026 net sales of $455 million were 4.0% lower than the previous year, as a result of
lower volume. Tire unit volume decreased 3.8%, driven by weak OE industry demand in China.
First quarter 2026 segment operating income of $57 million was $12 million higher than the prior year driven
by benefits from price/mix versus raw materials and Goodyear Forward, partly offset by the impact of lower
volume.
Conference Call
The company will host an investor call on Thursday, May 7, 2026, at 8:30 a.m. Eastern time. Please visit
Goodyear’s investor relations website: http://investor.goodyear.com, for additional earnings materials.
The investor call can be accessed on the website or via telephone by calling either (800) 579-2543 or (785)
424-1789 before 8:25 a.m. Eastern time and providing the conference ID “Goodyear.” A replay will be available
by calling (800) 839-2394 or (402) 220-7207. The replay will also be available on Goodyear’s investor relations
website.
About Goodyear
Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its
products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and
Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology
and performance standard for the industry. For more information about Goodyear and its products, go to
www.goodyear.com/corporate.
5
Forward-Looking Statements
Certain information contained in this news release constitutes forward-looking statements for purposes of the
safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors,
many of which are beyond our control, that affect our operations, performance, business strategy and results
and could cause our actual results and experience to differ materially from the assumptions, expectations and
objectives expressed in any forward-looking statements. These factors include, but are not limited to: our
ability to implement successfully our strategic initiatives; actions and initiatives taken by both current and
potential competitors; increases in the prices paid for raw materials and energy; inflationary cost pressures;
delays or disruptions in our supply chain or the provision of services to us; a prolonged economic downturn
or period of economic uncertainty; deteriorating economic conditions or an inability to access capital markets;
a labor strike, work stoppage, labor shortage or other similar event; financial difficulties, work stoppages,
labor shortages or supply disruptions at our suppliers or customers; the adequacy of our capital expenditures;
changes in tariffs, trade agreements or trade restrictions; uncertainty regarding the timing and amount of any
IEEPA tariff refund; foreign currency translation and transaction risks; our failure to comply with a material
covenant in our debt obligations; potential adverse consequences of litigation involving the company; as well
as the effects of more general factors such as changes in general market, economic or political conditions or
in legislation, regulation or public policy. Additional factors are discussed in our filings with the Securities and
Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current
reports on Form 8-K. In addition, any forward-looking statements represent our estimates only as of today
and should not be relied upon as representing our estimates as of any subsequent date. While we may elect
to update forward-looking statements at some point in the future, we specifically disclaim any obligation to
do so, even if our estimates change.
6
Non-GAAP Financial Measures (unaudited)
This news release presents non-GAAP financial measures, including Total Segment Operating Income and
Margin, Adjusted Net Income (Loss), and Adjusted Diluted Earnings Per Share (EPS), which are important
financial measures for the company but are not financial measures defined by U.S. GAAP, and should not be
construed as alternatives to corresponding financial measures presented in accordance with U.S. GAAP.
Total Segment Operating Income is the sum of the individual strategic business units’ (SBUs’) Segment
Operating Income as determined in accordance with U.S. GAAP. Total Segment Operating Margin is Total
Segment Operating Income divided by Net Sales as determined in accordance with U.S. GAAP. Management
believes that Total Segment Operating Income and Margin are useful because they represent the aggregate
value of income created by the company’s SBUs and exclude items not directly related to the SBUs for
performance evaluation purposes. The most directly comparable U.S. GAAP financial measures to Total
Segment Operating Income and Margin are Goodyear Net Income (Loss) and Return on Net Sales (which is
calculated by dividing Goodyear Net Income (Loss) by Net Sales).
Adjusted Net Income (Loss) is Goodyear Net Income (Loss) as determined in accordance with U.S. GAAP
adjusted for certain significant items. Adjusted Diluted Earnings Per Share (EPS) is the company’s Adjusted
Net Income (Loss) divided by Weighted Average Shares Outstanding-Diluted as determined in accordance
with U.S. GAAP. Management believes that Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per
Share (EPS) are useful because they represent how management reviews the operating results of the company
excluding the impacts of rationalizations, asset write-offs, accelerated depreciation, impairments, asset sales
and certain other significant items.
It should be noted that other companies may calculate similarly-titled non-GAAP financial measures
differently and, as a result, the measures presented herein may not be comparable to such similarly-titled
measures reported by other companies. See the following tables for reconciliations of historical Total
Segment Operating Income and Margin, Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share
to the most directly comparable U.S. GAAP financial measures.
7
The Goodyear Tire & Rubber Company and Subsidiaries
Financial Tables (Unaudited)
Table 1: Consolidated Statements of Operations
Three Months Ended
March 31,
(In millions, except per share amounts)
2026
2025
Net Sales
$3,881
$4,253
Cost of Goods Sold
3,188
3,513
Selling, Administrative and General Expense
668
650
Rationalizations
104
81
Interest Expense
95
115
Other (Income) Expense
9
25
Net (Gain) Loss on Asset Sales
(3)
(262)
Income (Loss) before Income Taxes
(180)
131
United States and Foreign Tax Expense
66
13
Net Income (Loss)
(246)
118
Less: Minority Shareholders’ Net Income (Loss)
3
3
Goodyear Net Income (Loss)
$(249)
$115
Goodyear Net Income (Loss) — Per Share of Common Stock
Basic
$(0.86)
$0.40
Weighted Average Shares Outstanding
288
287
Diluted
$(0.86)
$0.40
Weighted Average Shares Outstanding
288
289
8
Table 2: Consolidated Balance Sheets
March 31,
December 31,
(In millions, except share data)
2026
2025
Assets:
Current Assets:
    Cash and Cash Equivalents
$723
$801
Accounts Receivable, less Allowance — $84 ($89 in 2025)
2,602
2,341
    Inventories:
          Raw Materials
606
616
          Work in Process
202
195
          Finished Products
3,055
2,761
3,863
3,572
    Assets Held for Sale
6
58
    Prepaid Expenses and Other Current Assets
452
446
          Total Current Assets
7,646
7,218
Goodwill
43
42
Intangible Assets
658
663
Deferred Income Taxes
345
348
Other Assets
1,101
1,096
Operating Lease Right-of-Use Assets
987
998
Property, Plant and Equipment, less Accumulated Depreciation — $12,486 ($12,390 in 2025)
7,689
7,843
          Total Assets
$18,469
$18,208
Liabilities:
Current Liabilities:
    Accounts Payable — Trade
$3,754
$3,879
    Compensation and Benefits
559
578
    Other Current Liabilities
1,134
1,259
    Notes Payable and Overdrafts
483
506
    Operating Lease Liabilities due Within One Year
199
196
    Long Term Debt and Finance Leases due Within One Year
1,226
364
          Total Current Liabilities
7,355
6,782
    Operating Lease Liabilities
848
862
    Long Term Debt and Finance Leases
5,276
5,328
    Compensation and Benefits
763
787
    Deferred Income Taxes
102
105
    Other Long Term Liabilities
951
941
          Total Liabilities
15,295
14,805
Commitments and Contingent Liabilities
Shareholders’ Equity:
Goodyear Shareholders’ Equity:
    Common Stock, no par value:
Authorized, 450 million shares, Outstanding shares — 287 million in 2026 (286 million in 2025)
287
286
    Capital Surplus
3,175
3,175
    Retained Earnings
3,111
3,360
    Accumulated Other Comprehensive Loss
(3,569)
(3,588)
          Goodyear Shareholders’ Equity
3,004
3,233
Minority Shareholders’ Equity — Nonredeemable
170
170
          Total Shareholders’ Equity
3,174
3,403
          Total Liabilities and Shareholders’ Equity
$18,469
$18,208
9
Table 3: Consolidated Statements of Cash Flows
Three Months Ended
March 31,
(In millions)
2026
2025
Cash Flows from Operating Activities:
Net Income (Loss)
$(246)
$118
    Adjustments to Reconcile Net Income (Loss)  to Cash Flows from Operating Activities:
          Depreciation and Amortization
239
270
          Amortization and Write-Off of Debt Issuance Costs
3
6
          Provision for Deferred Income Taxes
(2)
(31)
          Net Pension Curtailments and Settlements
—
4
          Net Rationalization Charges
104
81
          Rationalization Payments
(83)
(65)
          Net (Gain) Loss on Asset Sales
(3)
(262)
          Operating Lease Expense
74
78
          Operating Lease Payments
(69)
(71)
          Pension Contributions and Direct Payments
(10)
(41)
    Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:
          Accounts Receivable
(275)
(431)
          Inventories
(294)
(365)
          Accounts Payable — Trade
(81)
46
          Compensation and Benefits
(8)
(28)
          Other Current Liabilities
(77)
95
          Other Assets and Liabilities
10
58
    Total Cash Flows from Operating Activities
(718)
(538)
Cash Flows from Investing Activities:
          Capital Expenditures
(175)
(259)
          Asset Dispositions
1
720
          Other Transactions
—
(29)
    Total Cash Flows from Investing Activities
(174)
432
Cash Flows from Financing Activities:
          Short Term Debt and Overdrafts Incurred
225
409
          Short Term Debt and Overdrafts Paid
(245)
(535)
          Long Term Debt Incurred
2,220
5,951
          Long Term Debt Paid
(1,393)
(5,627)
          Other Transactions
13
13
    Total Cash Flows from Financing Activities
820
211
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash
3
9
    Net Change in Cash, Cash Equivalents and Restricted Cash
(69)
114
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period
910
864
    Cash, Cash Equivalents and Restricted Cash at End of the Period
$841
$978
10
Table 4: Reconciliation of Segment Operating Income & Margin
Three Months Ended
March 31,
(In millions)
2026
2025
Total Segment Operating Income
$95
$195
    Less:
          Rationalizations
104
81
          Interest Expense
95
115
          Other (Income) Expense
9
25
          Net (Gain) Loss on Asset Sales
(3)
(262)
          Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net
16
46
          Corporate Incentive Compensation Plans
23
16
          Retained Expenses of Divested Operations
3
5
          Other
28
38
Income (Loss) before Income Taxes
$(180)
$131
United States and Foreign Tax Expense
66
13
Less: Minority Shareholders' Net Income (Loss)
3
3
Goodyear Net Income (Loss)
$(249)
$115
Net Sales
$3,881
$4,253
Return on Net Sales
(6.4)%
2.7%
Total Segment Operating Margin
2.4%
4.6%
11
Table 5: Reconciliation of Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share
First Quarter 2026
(In millions, except  per share amounts)
As
Reported
Rationalizations,
Asset Write-offs,
Accelerated
Depreciation and
Leases
Indirect Tax
Settlements and
Discrete Tax Items
Asset and
Other Sales
As Adjusted
Net Sales
$3,881
$—
$—
$—
$3,881
Cost of Goods Sold
3,188
(16)
(8)
—
3,164
Gross Margin
693
16
8
—
717
SAG
668
—
—
—
668
Rationalizations
104
(104)
—
—
—
Interest Expense
95
—
—
—
95
Other (Income) Expense
9
—
—
—
9
Net (Gain) Loss on Asset
Sales
(3)
—
—
3
—
Pre-tax Income (Loss)
(180)
120
8
(3)
(55)
Taxes
66
8
(21)
—
53
Minority Interest
3
1
—
—
4
Goodyear Net Income
(Loss)
$(249)
$111
$29
$(3)
$(112)
EPS
$(0.86)
$0.38
$0.10
$(0.01)
$(0.39)
First Quarter 2025
(In millions, except per share amounts)
As
Reported
Rationalizations,
Asset Write-offs,
Accelerated
Depreciation
and Leases
Goodyear
Forward
Costs
Pension
Settlement
Charges
(Credits)
Asset and
Other Sales
As
Adjusted
Net Sales
$4,253
$—
$—
$—
$—
$4,253
Cost of Goods Sold
3,513
(43)
—
—
—
3,470
Gross Margin
740
43
—
—
—
783
SAG
650
(3)
(2)
—
—
645
Rationalizations
81
(81)
—
—
—
—
Interest Expense
115
—
—
—
—
115
Other (Income) Expense
25
—
(5)
(4)
—
16
Net (Gain) Loss on Asset Sales
(262)
—
—
—
262
—
Pre-tax Income (Loss)
131
127
7
4
(262)
7
Taxes
13
23
2
1
(25)
14
Minority Interest
3
1
—
—
—
4
Goodyear Net Income (Loss)
$115
$103
$5
$3
$(237)
$(11)
EPS
$0.40
$0.36
$0.02
$0.01
$(0.83)
$(0.04)

Source: View Original Filing on SEC EDGAR

FAQ

How did Goodyear (GT) perform financially in Q1 2026?

Goodyear reported Q1 2026 net sales of $3.881 billion and a Goodyear net loss of $249 million. A year earlier, the company posted net sales of $4.253 billion and Goodyear net income of $115 million, highlighting a significant deterioration in profitability.

What were Goodyear (GT)’s adjusted earnings and EPS for Q1 2026?

Goodyear’s Q1 2026 adjusted net loss was $112 million, compared with an adjusted net loss of $11 million a year earlier. Adjusted diluted EPS was $(0.39), versus $(0.04) in the prior-year quarter, reflecting weaker underlying performance after excluding significant items.

How did Goodyear’s business segments perform in Q1 2026?

Total segment operating income was $95 million, down from $195 million in Q1 2025. Americas segment operating income fell to $37 million, EMEA improved to $1 million, and Asia Pacific rose to $57 million, supported by stronger price/mix and Goodyear Forward benefits.

What is the Goodyear Forward program and its impact in Q1 2026?

Goodyear Forward is the company’s cost and efficiency initiative. In Q1 2026 it delivered $107 million of benefits, which helped offset $163 million of higher inflation and other costs and the negative impact of lower volumes across several regions.

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