Goodyear Tire & Rubber | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 4.25 B

Revenue: As of FY2026 Q2, the actual value is USD 4.25 B, beating the estimate of USD 4.106 B.

EPS: As of FY2026 Q2, the actual value is USD -0.71.

EBIT: As of FY2026 Q2, the actual value is USD -56 M.

The Goodyear Tire & Rubber Company reported a consolidated net loss of - $204 million for the second quarter of 2026, compared to a net income of $254 million in the prior year period. Adjusted net loss for the quarter was - $177 million, compared to an adjusted net loss of - $48 million in the prior year’s quarter. Total Segment Operating Income was $36 million, a decrease from $159 million in the prior year, resulting in a Total Segment Operating Margin of 0.8%, down from 3.6% in Q2 2025.

Consolidated Financial Performance (Six Months Ended June 30, 2026 vs. 2025)

For the six months ended June 30, 2026, The Goodyear Tire & Rubber Company reported a Net Loss of - $453 million, compared to a net income of $369 million in the prior year. The Adjusted Net Loss was - $290 million, compared to an adjusted net loss of - $59 million in the prior year. Total Segment Operating Income for the six months was $131 million, down from $354 million in the prior year, with a Total Segment Operating Margin of 1.6%, down from 4.1% in the prior year.

Operational Metrics

Tire unit volume for the second quarter was 36.5 million units, a 4.0% decrease year-over-year, but an improvement from a 12% year-over-year decline in the first quarter. The Goodyear OE (Original Equipment) volumes and market share grew across both consumer and commercial in each region. The Goodyear Forward program delivered $95 million in benefits.

Segment Results (Second Quarter 2026 vs. 2025)

• AMERICAS: Net sales were $2.382 billion, a 10.5% decrease year-over-year. Tire units decreased 8.7% to 17.4 million, and the segment reported an operating loss of - $10 million, compared to an income of $141 million last year, resulting in a segment operating margin of -0.4%, down from 5.3%.
• EMEA: Net sales were $1.372 billion, a 2.1% increase year-over-year. Tire units decreased slightly to 11.2 million, and the segment reported an operating loss of - $17 million, an improvement from - $25 million in the prior year, leading to a segment operating margin of -1.2%, improving from -1.9%.
• ASIA PACIFIC: Net sales were $496 million, an 8.1% increase year-over-year. Tire units increased 5.3% to 7.9 million, and the segment reported an operating income of $63 million, an increase of $20 million from the prior year, with a segment operating margin of 12.7%, up from 9.4%.

Cash Flow (Six Months Ended June 30, 2026 vs. 2025)

Cash Flows from Operating Activities were - $620 million, an improvement from - $718 million in the prior year. Capital Expenditures were - $342 million, compared to - $466 million in the prior year. The Net Change in Cash, Cash Equivalents and Restricted Cash was $55 million, compared to $38 million in the prior year.

Outlook / Guidance

The Goodyear Tire & Rubber Company is undertaking manufacturing footprint optimization, which is expected to provide approximately $270 million in annual savings by 2028. The planned closure of its Fayetteville, North Carolina facility is projected to generate approximately $90 million of Americas Segment Operating Income improvement in 2027 and approximately $270 million annually beginning in 2028. Total pre-tax charges for this action are estimated to be between $535 million and $565 million, with $190 million to $210 million in cash costs, and the action is expected to be substantially completed by the end of 2027.