Companies /Consumer Cyclical

Goodyear Tire & Rubber Company

NASDAQ: GT Auto Parts
$6.15
▼ $0.11 (−1.76%) today
Markets closed · 10:07pm ET

Q1 2026 Earnings

Reported May 6, 2026, 4:17pm ET · SEC source
$-0.39
Beat +8.47%
EPS · est. $-0.43
$3.9B
Beat +1.75%
Revenue · est. $3.8B
−14.7%
Trailing market
GT vs S&P since report
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%−4%0May 6May 7report 4:17pm ETearnings−0.4%−7.6%
−8%−4%0May 6May 7earnings−0.4%−7.6%
GT −7.6%S&P 500 −0.4%
−8%−4%0May 6May 7report 4:17pm ETearnings−0.4%−7.6%
−8%−4%0May 6May 7earnings−0.4%−7.6%
GT −7.6%NASDAQ −0.4%
−14%−7%0May 5May 14report 4:17pm ETearnings+1.9%−18.0%
−14%−7%0May 5May 14earnings+1.9%−18.0%
GT −18.0%S&P 500 +1.9%
−14%−7%0May 5May 14report 4:17pm ETearnings+3.5%−18.0%
−14%−7%0May 5May 14earnings+3.5%−18.0%
GT −18.0%NASDAQ +3.5%
−6.03%
Day of report
−5.10%
Next session
−15.60%
One week
−13.99%
30 days

S&P 500 over the same 30 days: +0.75%.

Did GT Beat Earnings? Q1 2026 Results

Goodyear Tire & Rubber posted a better-than-feared first quarter for fiscal 2026, delivering an adjusted loss of $0.39 per share against a consensus estimate of $0.43, a beat of 8.47%, while revenue of $3.88 billion edged past the $3.81 billion estimate by 1.75%, though it still represented an 8.8% decline from the year-ago period. The headline narrative, however, was one of considerable strain: total segment operating income collapsed to $95 million from $195 million a year ago, with the Americas segment bearing the brunt of the damage as North American replacement tire volumes fell 23.2% amid weak industry demand and competitive promotional pressure. A $46 million benefit tied to a U.S. Supreme Court tariff ruling provided partial relief, while the Goodyear Forward cost transformation program contributed $107 million in savings. CEO Mark Stewart cautioned that raw material cost pressures linked to Middle East conflict are expected to intensify in coming quarters, even as the company pursues further restructuring, including reported talks to close its Fayetteville, North Carolina manufacturing facility by end of 2027.

Key Takeaways
  • Goodyear Forward cost transformation program delivered $107 million of benefits
  • Favorable price/mix versus raw material costs of $103 million
  • IEEPA tariff adjustment benefit of $46 million following U.S. Supreme Court decision
  • Higher inflation and other costs of $163 million weighed on results
  • Lower volume impact of $159 million driven by weak consumer replacement demand
  • OE tire unit volume increased 8.2% in Americas and 8.1% in EMEA on consumer market share gains
  • Weak OE industry demand in China impacted Asia Pacific volumes

“The first quarter reflected a challenging environment, marked by weak consumer industry demand in both OE and replacement across the majority of our key geographies. Despite a weak environment, our first quarter results were in line with our expectations and reflect our commitment to drive value for our brands in the marketplace, where we offer world-class differentiated products and services.”

Goodyear Tire & Rubber CEO, on the earnings call

Forward Guidance & Outlook

CEO Mark Stewart warned of increased pressure on industry demand and higher raw material costs stemming from the conflict in the Middle East. The company expects to continue taking meaningful actions to strengthen its cost structure and deliver further savings through cost transformation to position for long-term value creation.

GT YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$2.0B$4.0B$4.3B$3.9BRevenue$90.0M$95.0MOperating Income
$0$2.0B$4.0BRevenueOperating Income

GT Revenue by Segment

Americas$2.1B
EMEA$1.4B
Asia Pacific$455.0M

GT Revenue by Geography

Americas$2.1B
EMEA$1.4B+6.7%
Asia Pacific$455.0M−4.0%

Figures from SEC filings and company reports. Not investment advice.