Goodyear Posts $0.11 Q3 Loss as European Weakness Slashes Revenue to $4.54B

Goodyear reported net sales of $4.5 billion in the third quarter of 2026 with total tire sales of 38.6 million units. Excluding the impact of its Chemical business and Dunlop brand sales worth $177 million, organic sales increased 1.6%, mainly due to better pricing, and product mix, partly offset by lower sales volumes.

The company reported a net loss of $238 million, or $0.82 per share, compared to a net loss of $2.2 billion, or $7.62 per share, in the same quarter last year. The latest quarter included $148 million in pre-tax restructuring charges and other special costs.

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Goodyears adjusted net loss was $31 million, compared to adjusted net income of $82 million a year earlier. Adjusted loss per share was $0.11, compared to adjusted earnings of $0.28 in the third-quarter of 2025.

Goodyears Americas business reported net sales of $2.7 billion in the third quarter of 2026, down 2.3% from the same period last year, mainly due to the sale of its Chemical business. Tire sales volume remained flat while replacement tire sales fell 2.2%. Original Equipment (OE) tire sales increased 8.7% supported by market share gains.

Operating income for the segment fell to $96 million from $206 million a year earlier. Excluding the impact of the Chemical business sale, operating income declined by $76 million due to lower factory utilisation, inflation and other costs. Savings from the company's Goodyear Forward plan partly offset the decline.

About Goodyear

Goodyear is one of the worlds largest tyre manufacturers, with around 60,000 employees and 46 manufacturing facilities across 19 countries. The company also operates two innovation centres in Akron, Ohio, and Colmar Berg, Luxembourg, where it develops new products and technologies to improve tyre performance and services.

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