The Goodyear Tire & Rubber Company (GT) reported a second-quarter 2026 adjusted loss of 61 cents per share, exceeding the Zacks Consensus Estimate of a loss of 59 cents. This represents a 258.8% year-over-year decline. Net sales decreased by 4.8% to $4.25 billion, slightly surpassing the consensus estimate of $4.23 billion. Tire unit volume fell 4% to 36.5 million units, affected by decreased consumer demand, particularly in the Americas.
Segment operating income dropped to $36 million from $159 million a year ago, with the operating margin down to 0.8% from 3.6%. In the Americas, net sales fell 10.5% to $2.38 billion, with operating income turning to a loss of $10 million. Conversely, Goodyear’s Asia Pacific segment saw an 8.1% increase in net sales to $496 million, with operating income rising to $63 million. Cash flow from operating activities improved to $98 million, and net debt decreased to $6.33 billion.
Looking ahead, Goodyear anticipates global unit volumes to remain flat year-over-year in Q3 2026, with an expected $110 million benefit from price and mix. Full-year capital expenditures are projected around $725 million.
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