Goodyear Reports $31 Million Adjusted Loss for Third Quarter of 2026

The Tip Desk · November 11, 2026 · 3 min read

Third-quarter 2026 net sales fell 2.3% to $4.5 billion. Adjusted net loss narrowed to $31 million, or $0.11 a share, from a $177 million adjusted loss in the second quarter.

The Goodyear Tire & Rubber Company (GT) reported third-quarter 2026 net sales of $4.5 billion, down 2.3% from a year earlier, and a net loss of $238 million, or $0.82 a share, versus a $2.2 billion loss, or $7.62 a share, a year earlier.

Adjusted net loss was $31 million, or $0.11 a share, compared with adjusted net income of $82 million, or $0.28 a share, in the year-ago quarter. Sequentially, that adjusted loss narrowed from $177 million, or $0.61 a share, in the second quarter. Chief executive Mark Stewart said third-quarter results reflected meaningful sequential earnings improvement but remained below the company’s expectations, and that incremental improvements alone would not close the gap.

Net sales were $4.5 billion, down 2.3% from a year earlier after a 4.8% year-over-year decline in the second quarter. After adjusting for the sales of the Chemical business and the Dunlop brand of $177 million, organic net sales increased 1.6% on price/mix benefits, partially offset by lower volume. Tire unit volume was 38.6 million units, down 3.3% from a year earlier, improving from a 4.0% year-over-year decline in the second quarter. Replacement-market weakness was partially offset by higher original-equipment volumes reflecting market-share gains.

Segment operating income was $174 million, versus $287 million a year earlier. After adjusting for the Chemical and Dunlop sales, segment operating income decreased $57 million. The company attributed the decline to lower volume of $77 million, inflation of $69 million, and higher tariffs and other costs of $48 million, partially offset by $90 million of Goodyear Forward benefits and $76 million of favorable price/mix versus raw-material costs. Pre-tax rationalization charges were $148 million, versus $21 million a year earlier.

Americas net sales were $2.7 billion, 2.3% lower than the year-ago quarter on the Chemical sale. Tire units were flat at 19.6 million. Replacement volume fell 2.2%; OE volume rose 8.7%. Segment operating income was $96 million, versus $206 million a year earlier; excluding the Chemical sale, it decreased $76 million, which the company tied to factory utilization, inflation and other costs, partly offset by Goodyear Forward.

EMEA net sales were $1.4 billion, down 3.7% on the Dunlop sale and lower volume. Tire units fell 6.7% to 11.1 million. Replacement volume fell 11.3% on consumer softness and planned SKU rationalization. OE volume rose 5.5%, the 11th consecutive quarter of consumer market-share gains. Segment operating income was $12 million, versus $30 million a year earlier; excluding Dunlop, it increased $5 million on price/mix versus raw materials and Goodyear Forward, partly offset by inflation, other manufacturing expenses and lower volume.

Asia Pacific net sales were $510 million, up 1.8% on price/mix, with tire units down 6.0% to 7.9 million. Replacement volume fell 8.2% on planned SKU rationalization; OE volume fell 3.9%, driven primarily by China. Segment operating income was $66 million, $15 million higher than a year earlier, and margin was 12.9%, versus 10.2%.

Products 18 inches and above represented 44% of sales volumes, up from 39% a year ago, as the company continued shifting toward higher-value consumer tires. Stewart said the company had made progress strengthening the product portfolio and optimizing the manufacturing footprint. To pursue broader operational and strategic opportunities and structural changes that would allow the business to generate more consistent free cash flow, Goodyear established a dedicated transformation office.