GT earnings analysis
What we found in GT's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Goodyear reported Q1 2026 net sales of $3.88 billion, a decline of 8.7% year-over-year, alongside a net loss of $249 million or $0.86 per share, contrasting with a net income of $115 million or $0.40 per share in Q1 2025. Segment performance varied significantly; the Americas segment saw a substantial decline, while EMEA experienced slight growth. Management highlighted challenges such as inflationary pressures and weak tire demand, with no specific numeric guidance offered for upcoming results.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline
- Net sales decreased by $372 million, or 8.7%, to $3.88 billion from $4.25 billion year-over-year.
- Substantial Net Loss
- Reported a net loss of $249 million, compared to a net income of $115 million in the same period last year.
- Segment Variability
- Americas segment net sales fell to $2.06 billion, down 17.5%, while EMEA sales increased by 6.7% to $1.36 billion.
- Operating Margin Contraction
- Total segment operating margin fell to 2.4% from 4.6% year-over-year.
- High Inflation Impact
- Experienced approximately $50 million in inflationary cost pressures in the first quarter.
- Cash Position Decrease
- Cash and equivalents down to $723 million from $801 million at December 31, 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Weak Industry Demand
- 11.6% decrease in tire unit shipments year-over-year due to weak replacement market.
- Increased Costs
- Anticipated inflation-related cost increases of approximately $420 million in 2026.
- High Debt Levels
- Outstanding notes amounting to $4.38 billion, managing significant fixed interest costs.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.86
- Segment
- Americas: $2.06B
- Segment
- EMEA: $1.36B
- Segment
- Asia Pacific: $455M
What they said about what is next.
No specific numeric guidance provided; management indicates macroeconomic uncertainties limit visibility.
The filing reads worse than the one before it.
What came before.
- 10-K · February 10, 2026
- Goodyear completed its Goodyear Forward transformation in 2025, generating approximately $2.2 billion of proceeds from divestitures and announcing run-rate savings of about $1.5 billion, but still reported 2025 net…
- 10-Q · November 4, 2025
- Goodyear reported Q3 2025 net sales of $4,645 million (down $179 million vs. 2024Q3) and recorded a large non‑cash goodwill impairment of $674 million, driving a Goodyear net loss of $2,195 million and diluted EPS of…
- 10-Q · May 8, 2025
- Goodyear reported Q1 2025 net sales of $4,253 million and Goodyear net income of $115 million (diluted EPS $0.40), versus a net loss of $57 million in Q1 2024. Revenue declined $284 million (-6.3% y/y) with gross margin…
- 10-Q · August 3, 2023
- Goodyear reported Q2 2023 net sales of $4,867 million, down from $5,212 million a year ago, producing a GAAP net loss of $208 million (diluted EPS $(0.73)). Gross margin compressed to ~15.3% from ~20.0% a year ago and…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing GT makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever