Key Highlights

  • Third quarter net sales were USD 4.54 billion against an estimate of USD 4.59 billion and USD 4.645 billion before.
  • Adjusted loss per share was USD 0.11 against an estimated USD 0.06 loss; GAAP loss per share was USD 0.82.
  • Segment Operating Income was USD 174 million, compared with USD 287 million in the third quarter of 2025.
  • Management established a dedicated transformation office to pursue structural changes for more consistent free cash flow.

The Goodyear Tire & Rubber Company (NASDAQ:GT) framed its third quarter around what comes next rather than around the quarter alone. Chief executive Mark Stewart said Earnings improved sequentially but results remain short of the level management wants, and that incremental steps alone are not enough. The response was a dedicated transformation office, set up to pursue broader operational and strategic opportunities and structural changes. Net sales were USD 4.54 billion against an estimate of USD 4.59 billion.

Transformation Office and Stated Priorities

Management said the new office is meant to evaluate and carry out opportunities to improve structural returns and cash generation. It pointed to progress already made in its product portfolio and Manufacturing footprint, and to continued movement toward higher-value consumer tires: products of 18 inches and above represented 44% of sales volumes, against 39% a year earlier.

The Quarter in Detail

Net sales of USD 4.54 billion compare with USD 4.645 billion a year earlier. The company said sales fell 2.3% year over year and rose 1.6% organically after adjusting for USD 177 million from the sales of its Chemical Business and the Dunlop brand, with price and mix partly offset by lower volume. Tire unit Volume was 38.6 million, down 3.3%, with lower replacement volumes partly offset by higher original equipment volumes that management tied to share gains.

Goodyear's net loss was USD 238 million, or USD 0.82 per share, against a net loss of USD 2.2 billion, or USD 7.62 per share, a year earlier. The adjusted net loss was USD 31 million and the adjusted loss per share was USD 0.11, against adjusted Net Income of USD 82 million and adjusted earnings of USD 0.28 per share in the prior-year quarter. Pre-tax rationalization charges of USD 148 million were excluded from adjusted results.

Segment operating income was USD 174 million against USD 287 million. After adjusting for the divestitures, it decreased USD 57 million. The company listed lower volume of USD 77 million, Inflation of USD 69 million and higher tariffs and other costs of USD 48 million, partly offset by USD 90 million of Goodyear Forward benefits and USD 76 million from price and mix versus raw material costs.

Regional Operations and Balance Sheet

The Americas reported net sales of USD 2,675 million against USD 2,737 million and segment operating income of USD 96 million against USD 206 million. Original equipment volume rose 8.7% while replacement volume fell 2.2%. EMEA net sales were USD 1,355 million against USD 1,407 million, and segment operating income was USD 12 million against USD 30 million. Original equipment volume there rose 5.5%. Asia Pacific net sales were USD 510 million against USD 501 million, with segment operating income of USD 66 million against USD 51 million.

At September 30, 2026, cash and cash equivalents were USD 812 million. Long-term Debt and finance leases were USD 6,030 million, with USD 990 million due within one year, against USD 5,328 million and USD 364 million at the end of 2025.

Stated Priorities Versus Reported Results

Net sales of USD 4.54 billion sit alongside segment operating income of USD 174 million, an adjusted loss of USD 0.11 per share and cash of USD 812 million.

Management named the transformation office, the continuing Goodyear Forward program, the shift toward 18-inch and larger tires and its manufacturing footprint as the areas of focus, and scheduled an investor call for November 5, 2026.