The Goodyear Tire & Rubber Company reported first quarter 2026 results.
“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.
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.
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.
Business Segment Results
Americas’ first quarter 2026 net sales of $2.1 billion were 17.5 percent 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 percent. Replacement tire unit volume decreased 23.2 percent, 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 percent, 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.
Published June 2026
