Goodyear Tire & Rubber reported weaker results for the quarter and six months ended June 30, 2026. Net sales were $4,250 million in the quarter and $8,131 million year-to-date, down from 2025 levels, and Goodyear posted a quarterly net loss of $204 million and a first-half net loss of $453 million, compared with profits of $254 million and $369 million a year earlier. Diluted earnings per share were a loss of $0.71 for both the quarter and first half.
Segment operating income fell sharply, with Americas and EMEA at small losses in the quarter while Asia Pacific generated $63 million. Results include $29 million of second‑quarter and $133 million year‑to‑date rationalization charges tied to global headcount reductions and plant actions, and much smaller gains on asset sales than in 2025. Operating activities used $620 million of cash in the first half; capital spending was $342 million, and financing provided $1,020 million, driven by higher borrowings including new $1,050 million 8.875% senior notes due 2032. At June 30, 2026, cash and restricted cash totaled $965 million, total assets were $18,650 million, total liabilities $15,649 million and shareholders' equity $3,001 million.
The Goodyear Tire & Rubber Company reported second-quarter 2026 net sales of $4.25 billion, down 4.8% year over year, with tire unit volume of 36.5 million, down 4.0% as destocking eased and market conditions stabilized.
The company recorded a Goodyear net loss of $204 million, or $0.71 per diluted share, versus net income of $254 million, or $0.87 per share, a year earlier. Total segment operating income fell to $36 million from $159 million. Adjusted net loss was $177 million, with adjusted loss per share of $0.61.
Regionally, the Americas swung to a $10 million segment loss on 10.5% lower sales, EMEA narrowed its segment loss to $17 million on modest sales growth, and Asia Pacific delivered $63 million of segment income with a 12.7% margin. The Goodyear Forward program contributed $95 million of quarterly benefits.
Goodyear plans to close its Fayetteville, North Carolina, plant, expecting about $90 million of Americas segment operating income improvement in 2027 and approximately $270 million annually from 2028, with total pre-tax charges between $535 million and $565 million, including $190 million to $210 million of cash costs.
Vanguard Portfolio Management LLC reports beneficial ownership of Goodyear Tire & Rubber common stock. It holds 14,482,335 shares, representing 5.03% of the class, with sole dispositive power over all these shares and sole voting power over 296,901 shares; there is no shared voting or dispositive power.
The position aggregates securities held by Vanguard Portfolio Management and specified affiliates, including Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC, across Vanguard funds and other client accounts where they exercise voting and/or dispositive power. Vanguard indicates that, while these accounts have rights to dividends and sale proceeds, no single other person has an interest in more than 5% of the class.
On July 16, 2026, The Goodyear Tire & Rubber Company approved a plan, agreed with the United Steelworkers, to permanently close its Fayetteville, North Carolina manufacturing facility to reduce production capacity and production cost per tire in the Americas. The plan includes approximately 1,750 job reductions and is expected to be substantially completed by the end of 2027.
Goodyear estimates total pre-tax charges of $535 million to $565 million, including expected cash charges of $190 million to $210 million for associate-related and other exit costs, and non-cash charges of $290 million to $310 million for accelerated depreciation and other asset-related items plus $40 million to $50 million of pension special termination benefits. About $205 million to $225 million of pre-tax charges are expected in the third quarter of 2026 and $65 million to $85 million during the remainder of 2026, with most cash outflows by the end of 2027.
These actions are expected to improve Americas segment operating income by approximately $90 million in 2027 and by approximately $270 million annually in 2028 and thereafter. The company characterizes these figures as forward-looking statements subject to risks and uncertainties.
Dimensional Fund Advisors LP filed Amendment No. 2 to a Schedule 13G reporting beneficial ownership of 11,347,149 shares of Goodyear Tire & Rubber common stock, representing 3.9% of the class. Dimensional has sole voting power over 11,069,088 shares and sole dispositive power over 11,347,149 shares, with no shared voting or dispositive power.
All reported securities are held by investment funds and accounts for which Dimensional or its subsidiaries act as adviser or manager, and Dimensional disclaims beneficial ownership of these shares. The position is reported as 5 percent or less of the outstanding common stock, and to Dimensional’s knowledge no individual fund’s interest exceeds 5% of the class.
DEAKIN SCOTT M reported acquisition or exercise transactions in this Form 4 filing.
Goodyear Tire & Rubber reported a Form 4 showing Interim EVP & CFO Scott M. Deakin received a grant of 77,399 Restricted Stock Units under the 2022 Performance Plan. These RSUs carry no purchase price and will vest into common shares on August 10, 2027, aligning a portion of his compensation with future company performance.
Goodyear Tire & Rubber’s Interim EVP & CFO, Scott M. Deakin, filed an initial Form 3 as a company insider. The filing reports his beneficial ownership of 13,000 shares of Goodyear common stock held directly. The document does not show any recent insider share purchases or sales, only this starting ownership position.
GOODYEAR TIRE & RUBBER CO Vice President and Controller Margaret V. Snyder received a grant of 23,219 Restricted Stock Units under the 2022 Performance Plan. These RSUs represent the right to receive an equal number of common shares if vesting conditions are met.
The RSUs will vest and convert into common stock in 50% increments over two years, starting on August 10, 2027. Following this award, Snyder holds 23,219 RSUs directly, reflecting a compensation-related equity grant rather than an open-market transaction.
WINKLER JASON J reported acquisition or exercise transactions in this Form 4 filing.
Goodyear Tire & Rubber director Jason J. Winkler received a grant of 5,417 Restricted Stock Units (RSUs) as equity compensation. The RSUs were credited to his Retainer Deferral Account under the company’s Outside Director's Equity Participation Plan at a value of $6.46 per unit.
Each RSU represents one share of common stock that will be delivered after he separates from Board service, on the fifth business day of the calendar quarter following that separation. Following this grant, a total of 24,178 RSUs are accrued in his Retainer Deferral Account.
Goodyear Tire & Rubber Senior VP & Chief HR Officer Nicole Gray reported routine equity compensation activity involving restricted stock units. On July 1, 2026, 5,114 RSUs from the 2022 plan vested and converted into common shares.
Of these, 2,281 common shares were withheld by Goodyear to cover tax obligations, as noted in the footnotes. After these transactions, Gray directly held 20,501 shares of common stock, reflecting standard compensation vesting rather than open-market buying or selling.