EL7.AI
BondsMedium•2 November 2026•
3 min read

Goodyear sales fall to $4.25 billion in the second quarter of 2026

Key Facts

1Net sales were $4.25 billion in the second quarter of 2026, compared with $4.465 billion a year earlier.
2Goodyear posted a net loss of $204 million in the second quarter of 2026, compared with net income of $254 million in the year-earlier quarter.
3Tire volume was 36.5 million units, down 4% year over year, compared with a 12% decline in the first quarter.
4The company reported $95 million in benefits from its Goodyear Forward program in the second quarter and expected annual savings of about $270 million by 2028.
5Goodyear will release third-quarter results after the market closes on November 4, 2026, and hold a conference call on November 5 at 8:30 a.m. Eastern Time.

Available information does not confirm that Fitch downgraded Goodyear to B+, or document any rationale attributed to the agency concerning tire volumes or cost cuts. The company’s disclosures for the second quarter of 2026 show net sales falling to $4.25 billion, compared with $4.465 billion in the same period of 2025. Goodyear attributed the decline mainly to lower tire volume and the impact of divestitures. The company also posted a net loss of $204 million in the second quarter, compared with net income of $254 million a year earlier. These results provide a backdrop to the company’s performance ahead of its next results, but do not establish a credit decision or explain Fitch’s position.

Tire unit volume was 36.5 million in the second quarter, down 4% year over year. The decline was slower than the 12% drop in the first quarter of 2026, when unit volume was 34 million. Goodyear said inventory-reduction pressures had eased and market conditions had become more stable during the second quarter. In the first quarter, the company described the environment as challenging, and CEO Mark Stewart said consumer demand for original equipment and replacement tires was weak across most major geographies. Stewart added that higher raw material costs linked to the conflict in the Middle East added to the pressure, as the company moved to take cost-cutting measures.

Performance varied by region in the second quarter; in the Americas, tire volume fell 8.7%, and replacement tire volume dropped 13%. The company linked the decline in replacement tires to lower industry sales in North America, intensifying competition and its plan to reduce lower-priced product offerings. In Asia Pacific, sales rose 8.1% to $496 million, and tire volume increased 5.3%. Goodyear attributed the region’s growth to higher volume, price and product mix benefits, along with increased consumer demand for replacement tires. Stewart said the company was working to strengthen its product lineup, build on original equipment growth across regions and improve its manufacturing footprint in a competitive environment.

Goodyear said its Goodyear Forward program delivered benefits of $95 million in the second quarter of 2026. It also reported that measures to optimize its manufacturing footprint were underway, and that announced actions are expected to generate about $270 million in annual savings by 2028. The company framed these steps as efforts to improve performance and strengthen long-term competitiveness and profitability, according to Stewart’s comments and the results statement. In the latest available quarterly comparison, the company moved from net income of $115 million in the first quarter of 2025 to a net loss of $249 million in the first quarter of 2026, ahead of the second-quarter loss. Goodyear is scheduled to release its third-quarter results after the market closes on November 4, 2026, followed by a conference call on November 5 at 8:30 a.m. Eastern Time.