EarningsQ2 2026 Earnings Report
MX:GT Q2 2026 EPS Results
Actual EPS-$11.08
Consensus EPS-$11.44
Beat/MissBeat by +$0.36
One Year Ago EPS-$3.09
MX:GT Q2 2026 Revenue Results
Actual Revenue$77.18B
Expected Revenue$76.10B
Beat/MissBeat by +$1.09B
YoY Revenue Growth-4.82%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
MX:GT Upcoming Earnings
GoodYear Tire's next earnings date is estimated for November 9, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:GT Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced clear operational progress against persistent financial and market headwinds. Positives include strong Asia Pacific performance, OE market-share gains across regions, improved premium product mix (+4pp company-wide 18-inch+), meaningful price/mix benefits, and continued Goodyear Forward savings with strengthening liquidity (net debt down >$700M, $1B notes issuance). Offsetting these are declines in sales and volumes (global unit volumes -4%; Americas -9%), regional operating losses, a non-GAAP EPS loss of $0.61, margin pressure from lower absorption and inflation/tariffs, anticipated raw-material cost pass-throughs, expected cash burn for FY2026 ($200–$300M) and restructuring cash costs tied to the Fayetteville closure. Overall, the company framed the quarter as stabilization with a path to improved second-half SOI driven by mix and savings, but material near-term earnings and cash challenges remain.Company Guidance
Asia Pacific Outperformance
Asia Pacific unit volume increased 5.3% year-over-year, driven by improved OE and replacement consumer volumes (notably in Japan and China). Segment operating income rose to $63 million (12.7% of sales), expanding 330 basis points vs. prior year. Premium (>18-inch) consumer mix in Asia Pacific grew 500 basis points year-over-year.
OE Market Share Gains Across Regions
Goodyear grew OE volumes and market share in all regions during the quarter, with consumer OE growth standing out against weak OE production backdrops, supporting future replacement sales pipeline.
Higher-Mix Premium Portfolio Progress
Company-wide mix of 18-inch-and-above rim sizes increased 4 percentage points year-over-year — the fastest pace since disclosure — reflecting successful portfolio repositioning toward higher-value, premium segments.
Price & Mix and Goodyear Forward Benefits
Price and mix versus raw materials contributed a $123 million benefit in the quarter. Goodyear Forward continuous-improvement actions contributed roughly $95 million of benefits in Q2 and are expected to deliver about $70 million in Q3.
Balance Sheet and Liquidity Actions
Net debt declined by over $700 million year-over-year. The company issued approximately $1 billion of senior notes during the quarter to repay 2027 maturities, extending the debt maturity profile and strengthening liquidity.
Operating and Product Recognition
Goodyear launched new regional products (e.g., Vector All Season 4 in EMEA), expanded Cooper product lines, and received industry recognition: Auto Bild named Goodyear Top Manufacturer for Summer Tires and Tire Rack recognized Eagle F1 All Season as leading ultra-high-performance all-season tire.
Working Capital & Free Cash Flow Improvement vs Prior Year
Free cash flow was a use of $69 million in the quarter, but this represented an improvement of $318 million compared to the prior year driven by more efficient working capital management and lower CapEx.
MX:GT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed