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 THIRD QUARTER 2026 RESULTS
Third Quarter Results Reflect Sequential Earnings Improvement Amid
Continued Market Challenges; Goodyear Advancing Next Phase
of Transformation
Third Quarter 2026 Overview
Net sales of $4.5 billion, decreasing 2.3% year over year (YoY); up 1.6% organically YoY
Tire unit volume of 38.6 million units, decreasing 3.3% YoY, driven by replacement market weakness partially
offset by higher OE volumes reflecting market share gains
Goodyear net loss of $238 million, or a loss of $31 million as adjusted
Segment operating income of $174 million; organic results improved YoY in Asia Pacific and EMEA offset by
factory utilization and cost absorption pressures in the Americas
Continued progress shifting toward higher-value consumer tires; 18" and above products represent 44% of
sales volumes, up from 39% a year ago
Dedicated transformation office established to accelerate evaluation and execution of opportunities to improve
structural returns and cash generation
AKRON, Ohio, Nov. 4, 2026 – The Goodyear Tire & Rubber Company (NASDAQ:GT) reported third quarter 2026
results today and will host an investor call tomorrow morning, Thursday, Nov. 5, at 8:30 a.m. Eastern time led
by Mark Stewart, Goodyear’s chief executive officer and president, and Scott Deakin, the company’s interim
executive vice president and chief financial officer.
"While our third quarter results reflected meaningful sequential earnings improvement, our financial
performance remains below our expectations. We've made real progress in strengthening our product portfolio
and optimizing our manufacturing footprint. But as challenging industry conditions persist, incremental
improvements alone won't get us to where we need to be," said Stewart. "To get there, we've established a
dedicated transformation office to pursue broader operational and strategic opportunities and to drive
structural changes that will allow the business to generate more consistent free cash flow."
2
Financial Results
Goodyear's third quarter 2026 net sales were $4.5 billion, with tire unit volumes totaling 38.6 million. After
adjusting for the impact of the sales of its Chemical business and the Dunlop brand of $177 million, organic
net sales increased 1.6% as a result of price/mix benefits, partially offset by lower volume.
Third quarter 2026 Goodyear net loss was $238 million, or $0.82 per share, compared to Goodyear net loss
one year ago of $2.2 billion, or $7.62 per share. Third quarter 2026 included several significant items,
including, on a pre-tax basis, rationalization charges of $148 million. This significant item, and others, are
excluded from adjusted earnings.
Third quarter 2026 adjusted net loss was $31 million, compared to adjusted net income of $82 million in the
prior year's third quarter. Adjusted loss per share was $0.11, compared to adjusted earnings per share of
$0.28 in the prior year's third quarter. Per share amounts are diluted.
Segment Results
The company reported segment operating income of $174 million in the third quarter of 2026, compared to
$287 million from one year ago.
After adjusting for the sales of its Chemical business and the Dunlop brand, segment operating income
decreased $57 million. The decrease in segment operating income reflects the impact of lower volume of $77
million, inflation of $69 million, and higher tariffs and other costs of $48 million, partially offset by $90 million
of benefits from Goodyear Forward and favorable price/mix versus raw material costs of $76 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. Organic
earnings measures exclude the impact of divestitures; see "Non-GAAP Financial Measures" for additional
details.
3
Business Segment Results
AMERICAS
Third Quarter
Nine Months
(In millions)
2026
2025
2026
2025
Tire Units
19.6
19.6
52.3
57.1
Net Sales
$2,675
$2,737
$7,120
$7,901
Segment Operating Income 
$96
$206
$123
$502
Segment Operating Margin
3.6%
7.5%
1.7%
6.4%
Americas’ third quarter 2026 net sales of $2.7 billion were 2.3% lower than the previous year, driven by the
sale of the Chemical business. Tire unit volume was flat. Replacement tire unit volume decreased 2.2%.
Original Equipment (OE) tire unit volume increased 8.7%, reflecting market share gains.
Segment operating income was $96 million, decreasing from $206 million last year. Excluding the impact of
the sale of the Chemical business, Americas' segment operating income decreased $76 million driven by the
impact of factory utilization, inflation and other costs, partially offset by Goodyear Forward benefits.
EMEA
Third Quarter
Nine Months
(In millions)
2026
2025
2026
2025
Tire Units
11.1
12.0
33.5
35.6
Net Sales
$1,355
$1,407
$4,090
$4,028
Segment Operating Income (Loss)
$12
$30
$(4)
$—
Segment Operating Margin
0.9%
2.1%
(0.1%)
—
EMEA’s third quarter 2026 net sales of $1.4 billion decreased 3.7% from third quarter 2025, driven by the sale
of the Dunlop brand and lower tire volume. Tire unit volume decreased 6.7%. Replacement unit volume
decreased 11.3%, driven by consumer market softness and planned SKU rationalization. OE tire unit volume
increased 5.5%, reflecting the 11th consecutive quarter of consumer market share gains.
Third quarter segment operating income was $12 million, decreasing $18 million from the prior year.
Excluding the impact of the sale of the Dunlop brand, EMEA's segment operating income increased $5 million,
driven by benefits from price/mix versus raw materials and Goodyear Forward, partly offset by inflation, other
manufacturing expenses and the impact of lower volume.
4
ASIA PACIFIC
Third Quarter
Nine Months
(In millions)
2026
2025
2026
2025
Tire Units
7.9
8.4
23.3
23.7
Net Sales
$510
$501
$1,461
$1,434
Segment Operating Income 
$66
$51
$186
$139
Segment Operating Margin
12.9%
10.2%
12.7%
9.7%
Asia Pacific's third quarter 2026 net sales of $510 million increased 1.8% from the third quarter 2025 as a
result of price/mix benefits, partially offset by lower tire volume. Tire unit volume decreased 6.0%.
Replacement volume decreased 8.2% driven by planned SKU rationalization. OE volume decreased 3.9%
driven primarily by China.
Third quarter 2026 segment operating income of $66 million was $15 million higher than the prior year driven
by benefits from price/mix versus raw materials and Goodyear Forward, partially offset by the impact of lower
volume.
Conference Call
The company will host an investor call on Thursday, Nov. 5, 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 (833) 419-0865 or (785)
838-9333 before 8:25 a.m. Eastern time and providing the conference ID “Goodyear.” A replay will be available
by calling (800) 723-0607 or (402) 220-2658. 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 60,000 people and manufactures its
products in 46 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; 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), Adjusted Diluted Earnings Per Share (EPS), and organic earnings
measures, 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, discrete tax items,
impairments, asset sales and certain other significant items.
Organic earnings measures, including organic Net Sales growth, are non-GAAP financial measures that
exclude the direct impacts of the divestitures of the Dunlop brand and Chemical business from year-over-year
comparisons. We believe these measures provide investors with a supplemental understanding of underlying
earnings trends by providing comparisons on a constant basis. We completed the sale of the Dunlop brand
and our Chemical business in May 2025 and October 2025, respectively.
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
Nine Months Ended
September 30,
September 30,
(In millions, except per share amounts)
2026
2025
2026
2025
Net Sales
$4,540
$4,645
$12,671
$13,363
Cost of Goods Sold
3,817
3,801
10,574
11,019
Selling, Administrative and General Expense
665
676
2,036
2,018
Goodwill Impairment
—
674
—
674
Rationalizations
148
21
281
161
Interest Expense
111
114
311
341
Other (Income) Expense
19
91
50
147
Net (Gain) Loss on Asset Sales
(9)
1
(29)
(700)
Income (Loss) before Income Taxes
(211)
(733)
(552)
(297)
United States and Foreign Tax Expense
28
1,464
140
1,501
Net Income (Loss)
(239)
(2,197)
(692)
(1,798)
Less: Minority Shareholders’ Net Income (Loss)
(1)
(2)
(1)
28
Goodyear Net Income (Loss)
$(238)
$(2,195)
$(691)
$(1,826)
Goodyear Net Income (Loss) — Per Share of Common Stock
Basic
$(0.82)
$(7.62)
$(2.39)
$(6.35)
Weighted Average Shares Outstanding
289
288
289
287
Diluted
$(0.82)
$(7.62)
$(2.39)
$(6.35)
Weighted Average Shares Outstanding
289
288
289
287
8
Table 2: Consolidated Balance Sheets
September 30,
December 31,
(In millions, except share data)
2026
2025
Assets:
Current Assets:
    Cash and Cash Equivalents
$812
$801
Accounts Receivable, less Allowance — $95 ($89 in 2025)
3,081
2,341
    Inventories:
          Raw Materials
585
616
          Work in Process
198
195
          Finished Products
2,965
2,761
3,748
3,572
    Assets Held for Sale
—
58
    Prepaid Expenses and Other Current Assets
298
446
          Total Current Assets
7,939
7,218
Goodwill
44
42
Intangible Assets
640
663
Deferred Income Taxes
352
348
Other Assets
1,126
1,096
Operating Lease Right-of-Use Assets
947
998
Property, Plant and Equipment, less Accumulated Depreciation — $12,450 ($12,390 in 2025)
7,452
7,843
          Total Assets
$18,500
$18,208
Liabilities:
Current Liabilities:
    Accounts Payable — Trade
$3,810
$3,879
    Compensation and Benefits
589
578
    Other Current Liabilities
1,133
1,259
    Notes Payable and Overdrafts
349
506
    Operating Lease Liabilities due Within One Year
190
196
    Long Term Debt and Finance Leases due Within One Year
990
364
          Total Current Liabilities
7,061
6,782
    Operating Lease Liabilities
810
862
    Long Term Debt and Finance Leases
6,030
5,328
    Compensation and Benefits
761
787
    Deferred Income Taxes
100
105
    Other Long Term Liabilities
944
941
          Total Liabilities
15,706
14,805
Commitments and Contingent Liabilities
Shareholders’ Equity:
Goodyear Shareholders’ Equity:
    Common Stock, no par value:
Authorized, 450 million shares, Outstanding shares — 288 million in 2026 (286 million in 2025)
288
286
    Capital Surplus
3,179
3,175
    Retained Earnings
2,669
3,360
    Accumulated Other Comprehensive Loss
(3,502)
(3,588)
          Goodyear Shareholders’ Equity
2,634
3,233
Minority Shareholders’ Equity — Nonredeemable
160
170
          Total Shareholders’ Equity
2,794
3,403
          Total Liabilities and Shareholders’ Equity
$18,500
$18,208
9
Table 3: Consolidated Statements of Cash Flows
Nine Months Ended
September 30,
(In millions)
2026
2025
Cash Flows from Operating Activities:
Net Income (Loss)
$(692)
$(1,798)
    Adjustments to Reconcile Net Income (Loss) to Cash Flows from Operating Activities:
          Depreciation and Amortization
731
813
          Amortization and Write-Off of Debt Issuance Costs
10
17
        Goodwill Impairment
—
674
          Provision for Deferred Income Taxes
(10)
1,345
          Net Pension Curtailments and Settlements
7
72
          Net Rationalization Charges
281
161
          Rationalization Payments
(161)
(275)
          Net (Gain) Loss on Asset Sales
(29)
(700)
          Operating Lease Expense
222
238
          Operating Lease Payments
(215)
(214)
          Pension Contributions and Direct Payments
(34)
(74)
    Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:
          Accounts Receivable
(711)
(605)
          Inventories
(159)
(433)
          Accounts Payable — Trade
(1)
(172)
          Compensation and Benefits
71
56
          Other Current Liabilities
(154)
299
          Other Assets and Liabilities
80
(120)
    Total Cash Flows from Operating Activities
(764)
(716)
Cash Flows from Investing Activities:
          Capital Expenditures
(481)
(649)
          Asset Dispositions
38
1,332
          Other Transactions
2
(20)
    Total Cash Flows from Investing Activities
(441)
663
Cash Flows from Financing Activities:
          Short Term Debt and Overdrafts Incurred
450
856
          Short Term Debt and Overdrafts Paid
(605)
(855)
          Long Term Debt Incurred
8,774
13,385
          Long Term Debt Paid
(7,410)
(13,289)
          Other Transactions
(38)
(5)
    Total Cash Flows from Financing Activities
1,171
92
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash
(7)
27
    Net Change in Cash, Cash Equivalents and Restricted Cash
(41)
66
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period
910
864
    Cash, Cash Equivalents and Restricted Cash at End of the Period
$869
$930
10
Table 4: Reconciliation of Segment Operating Income & Margin
Three Months Ended
Nine Months Ended
September 30,
September 30,
(In millions)
2026
2025
2026
2025
Total Segment Operating Income
$174
$287
$305
$641
    Less:
          Goodwill Impairment
—
674
—
674
          Rationalizations
148
21
281
161
          Interest Expense
111
114
311
341
          Other (Income) Expense
19
91
50
147
          Net (Gain) Loss on Asset Sales
(9)
1
(29)
(700)
          Asset Write-Offs, Accelerated Depreciation, and Accelerated Lease Costs, net
71
55
87
142
          Corporate Incentive Compensation Plans
9
8
40
44
          Retained Expenses of Divested Operations
4
5
10
8
          Other
32
51
107
121
Income (Loss) before Income Taxes
$(211)
$(733)
$(552)
$(297)
United States and Foreign Tax Expense
28
1,464
140
1,501
Less: Minority Shareholders' Net Income (Loss)
(1)
(2)
(1)
28
Goodyear Net Income (Loss)
$(238)
$(2,195)
$(691)
$(1,826)
Net Sales
$4,540
$4,645
$12,671
$13,363
Return on Net Sales
(5.2)%
(47.3)%
(5.5)%
(13.7)%
Total Segment Operating Margin
3.8%
6.2%
2.4%
4.8%
11
Table 5: Reconciliation of Adjusted Net Income (Loss) and Adjusted Diluted Earnings Per Share
Third Quarter 2026
(In millions, except  per share amounts)
As
Reported
Rationalizations,
Asset Write-offs,
Accelerated
Depreciation and
Leases
Colombia
Labor Strike
and
Earthquake
Indirect Tax
Settlements
and Discrete
Tax Items
Asset and
Other Sales
As Adjusted
Net Sales
$4,540
$—
$—
$—
$—
$4,540
Cost of Goods Sold
3,817
(70)
(6)
—
—
3,741
Gross Margin
723
70
6
—
—
799
SAG
665
(1)
—
—
—
664
Rationalizations
148
(148)
—
—
—
—
Interest Expense
111
—
—
—
—
111
Other (Income) Expense
19
—
—
—
—
19
Net (Gain) Loss on Asset Sales
(9)
—
—
—
9
—
Pre-tax Income (Loss)
(211)
219
6
—
(9)
5
Taxes
28
4
—
7
(3)
36
Minority Interest
(1)
1
—
—
—
—
Goodyear Net Income (Loss)
$(238)
$214
$6
$(7)
$(6)
$(31)
EPS
$(0.82)
$0.74
$0.02
$(0.03)
$(0.02)
$(0.11)
Third Quarter 2025
(In millions, except per share amounts)
As
Reported
Indirect Tax
Settlements and
Discrete Tax
Items
Goodwill
Impairment
Rationalizations,
Asset Write-offs,
Accelerated
Depreciation
and Leases
Pension
Settlement
Charges
Goodyear
Forward
and Other
Transaction
Costs
Asset and
Other Sales
As
Adjusted
Net Sales
$4,645
$—
$—
$—
$—
$—
$—
$4,645
Cost of Goods Sold
3,801
—
—
(52)
—
—
—
3,749
Gross Margin
844
—
—
52
—
—
—
896
SAG
676
—
—
(3)
—
(4)
—
669
Goodwill Impairment
674
—
(674)
—
—
—
—
—
Rationalizations
21
—
—
(21)
—
—
—
—
Interest Expense
114
—
—
—
—
—
—
114
Other (Income) Expense
91
—
—
—
(68)
(4)
—
19
Net (Gain) Loss on Asset Sales
1
—
—
—
—
—
(1)
—
Pre-tax Income (Loss)
(733)
—
674
76
68
8
1
94
Taxes
1,464
(1,450)
—
—
—
—
—
14
Minority Interest
(2)
—
—
—
—
—
—
(2)
Goodyear Net Income (Loss)
$(2,195)
$1,450
$674
$76
$68
$8
$1
$82
EPS
$(7.62)
$5.04
$2.34
$0.25
$0.24
$0.03
$—
$0.28
12
Nine Months 2026
(In millions, except  per share amounts)
As
Reported
Rationalizations,
Asset Write-offs,
Accelerated
Depreciation and
Leases
Indirect Tax
Settlements and
Discrete Tax Items
Colombia
Labor Strike
and
Earthquake
Asset and
Other Sales
As Adjusted
Net Sales
$12,671
$—
$—
$—
$—
$12,671
Cost of Goods Sold
10,574
(85)
(8)
(13)
—
10,468
Gross Margin
2,097
85
8
13
—
2,203
SAG
2,036
(2)
—
—
—
2,034
Rationalizations
281
(281)
—
—
—
—
Interest Expense
311
—
—
—
—
311
Other (Income) Expense
50
—
—
—
—
50
Net (Gain) Loss on Asset Sales
(29)
—
—
—
29
—
Pre-tax Income (Loss)
(552)
368
8
13
(29)
(192)
Taxes
140
13
(19)
—
(6)
128
Minority Interest
(1)
1
—
—
—
—
Goodyear Net Income (Loss)
$(691)
$354
$27
$13
$(23)
$(320)
EPS
$(2.39)
$1.22
$0.09
$0.04
$(0.07)
$(1.11)
Nine Months 2025
(In millions, except per share amounts)
As
Reported
Indirect Tax
Settlements and
Discrete Tax
Items
Goodwill
Impairment
Rationalizations,
Asset Write-
offs,
Accelerated
Depreciation
and Leases
Pension
Settlement
Charges
Goodyear
Forward
and Other
Transaction
Costs
Asset
and
Other
Sales
As
Adjusted
Net Sales
$13,363
$—
$—
$—
$—
$—
$—
$13,363
Cost of Goods Sold
11,019
—
—
(134)
—
—
—
10,885
Gross Margin
2,344
—
—
134
—
—
—
2,478
SAG
2,018
—
—
(8)
—
(9)
—
2,001
Goodwill Impairment
674
—
(674)
—
—
—
—
—
Rationalizations
161
—
—
(161)
—
—
—
—
Interest Expense
341
—
—
—
—
—
—
341
Other (Income) Expense
147
—
—
—
(72)
(10)
—
65
Net (Gain) Loss on Asset Sales
(700)
—
—
—
—
—
700
—
Pre-tax Income (Loss)
(297)
—
674
303
72
19
(700)
71
Taxes
1,501
(1,446)
—
32
1
3
(46)
45
Minority Interest
28
—
—
1
—
—
(26)
3
Goodyear Net Income (Loss)
$(1,826)
$1,446
$674
$270
$71
$16
$(628)
$23
EPS
$(6.35)
$5.03
$2.34
$0.94
$0.25
$0.06
$(2.19)
$0.08