Goodyear reported second quarter 2026 net sales of $4.3 billion, a 4.8% year-over-year decrease but ahead of analyst estimates. The company posted an adjusted loss of $0.61 per share, wider than the prior year and missing consensus expectations. Results were impacted by lower tire volumes, particularly in the Americas consumer replacement market, which offset strength in Asia Pacific and benefits from the "Goodyear Forward" transformation plan.
Key Highlights
- Second quarter revenue was $4.3 billion, down 4.8% from the prior year, as tire unit volume fell 4.0% to 36.5 million units.
- Adjusted loss per share was $0.61, compared to an adjusted loss of $0.17 in the prior year's quarter.
- Segment operating income declined sharply to $36 million from $159 million a year ago, with the segment operating margin contracting to 0.8%.
- The "Goodyear Forward" transformation plan delivered $95 million in benefits during the quarter.