GOODYEAR TIRE & RUBBER CO /OH/ (GT) Form 10-Q — Aug 6, 2026
Goodyear swung to a second-quarter 2026 net loss of $204 million, or $0.71 per share, versus net income of $254 million, or $0.87 per share, a year earlier, as net sales fell 4.8% to $4,250 million on lower tire volumes and divestiture impacts.
Key figures
- Revenue
- 4250
- Guidance
- Q3 2026: global unit volumes roughly flat YoY; ~$70M unabsorbed overhead; ~$70M incremental Goodyear Forward savings; raw material costs unfavorable ~$20M; inflation/other cost increases ~$95M. FY2026: capex ~$725M; interest expense ~$425M; rationalization payments ~$265M; income tax payments $150M-$175M; pension contributions ~$25M. Q3 2026 pre-tax charges of $205M-$225M from Fayetteville closure.
- Total Debt
- $6,831M (long term debt and finance leases of $5,772M plus $1,059M due within one year; excludes $359M notes payable and overdrafts)
- Debt Amount
- 1050
- Revenue Yoy
- -4.8% (Q2 2026 vs Q2 2025; -6.7% for six months)
- Total Assets
- 18650
- Cash Position
- 861
- Interest Rate
- 8.875
- Maturity Date
- July 15, 2032
- Shares Outstanding
- 287898737
- Six Month Revenue
- 8131
- Tire Unit Sales Q2
- 36.5 million units, -4.0% YoY; replacement volume -8.6%
- Outstanding Notes
- 5425
- Q3 Charges Expected
- $205M-$225M pre-tax
- Average Interest Rate Q2
- 5.93%
- Borrowing Base Shortfall
- 354
- Cooper Intangibles Tested
- 425
- Irs Settlement Dta Write Off
- 45
- Segment Operating Income Q2
- $36M vs $159M in Q2 2025
- Unused Credit Availability
- 3891
- Fayetteville Job Reductions
- 1750
- Fayetteville Pre Tax Charges
- $535M-$565M ($190M-$210M cash)
- Ieepa Tariff Refund Received
- 42
Price after filing
1 day: -3.5%7 days: -14.0%30 days: -13.1%
Close on the filing date to close N calendar days later (from $7.19). Historical, not a forecast.
AI analysis
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