Click to enlarge.
The Goodyear Tire & Rubber Company (NASDAQ: GT) reported first quarter 2026 results today showing a Q1 2026 adjusted net loss of $112 million compared to and 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.)*
“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 CEO Mark 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,” said 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 at a Glance or Wince
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.
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.
AMERICAS
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
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.
ASIA PACIFIC
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.
*AutoInformed on
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Goodyear Q1 Loss of $249 Million. Per Share Loss at $0.39
Click to enlarge.
The Goodyear Tire & Rubber Company (NASDAQ: GT) reported first quarter 2026 results today showing a Q1 2026 adjusted net loss of $112 million compared to and 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.)*
“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 CEO Mark 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,” said 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 at a Glance or Wince
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.
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.
AMERICAS
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
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.
ASIA PACIFIC
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.
*AutoInformed on
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.