Goodyear slipped into loss

In the first quarter of 2026, Goodyear received a net loss of $249 million, while a year earlier the company reported a net profit of $115 million (net profit in the fourth quarter of 2025 was $105 million). During the reporting period, the company sold 34 million tires, and revenue decreased from $4.3 billion to $3.9 billion.

Commenting on the quarterly results, Goodyear's CEO and President, Mark Stewart, stated that they "reflect a challenging market situation, characterized by weak demand in both the original equipment segment and the secondary market in most of our key regions," but added that "the figures are in line with our expectations".

In recent years, Goodyear has undergone a major restructuring, which included the sale of the Dunlop brand, the production of tires for special equipment, and most of the chemical business.

According to Stewart, the market demand currently remains low, while the growth in raw material prices related to the Middle East conflict "requires us to continue taking measures to optimize the cost structure".