GET DAILY SIGNALSGoodyear (GT) Q3 2026: Sales Slip but Organic Trends Offer Some Encouragement
Key Takeaways
- Goodyear reported third quarter 2026 net sales of $4.54 billion, down 2.3% year over year, though organic sales rose 1.6% after adjusting for divestitures.
- The company posted a GAAP net loss of $238 million ($0.82 per share), narrowed sharply from the prior-year loss of roughly $2.2 billion that included a goodwill impairment charge.
- Adjusted results swung to a net loss of $31 million, or $0.11 per share, versus adjusted net income of $0.28 per share a year earlier.
- Segment operating income fell to $174 million from $287 million, pressured by lower tire volumes, inflation, and higher tariffs.
- Tire unit volume declined 3.3% to 38.6 million units, with Asia Pacific outperforming while the Americas and EMEA regions faced margin compression.
Why These Results Matter for Investors
Goodyear's third quarter results provide a useful window into the global tire market and how the company's ongoing restructuring is progressing. Based in Akron, Ohio, the firm continues to streamline its operations through divestitures such as the Chemical business and Dunlop brand. At the same time, it works to counter inflation, tariffs, and softer demand in the replacement tire segment. I find these reports worth watching because the tire industry is capital intensive, and lower factory utilization can quickly erode margins when fixed costs are spread across fewer units. The quarter also highlights whether the "Goodyear Forward" initiatives are on track to support steadier free cash flow in a challenging environment.
Breaking Down the Reported Numbers
In the third quarter of 2026, Goodyear posted net sales of $4.54 billion, down 2.3% from $4.65 billion a year earlier. On an organic basis, excluding divestitures, sales rose 1.6%. The GAAP net loss came in at $238 million, or $0.82 per share, a significant improvement from the $2.2 billion loss, or $7.62 per share, in the prior-year period that included a $674 million goodwill impairment. Adjusted net loss totaled $31 million, or $0.11 per share, compared with adjusted net income of $82 million, or $0.28 per share, last year. Adjusted results missed analyst expectations, which leaned toward break-even or slightly positive, while revenue came in slightly above consensus. Segment operating income dropped to $174 million from $287 million, and tire unit volume fell 3.3% to 38.6 million units. Weakness showed up mainly in replacement tires, though original equipment volumes helped offset some of the decline through market share gains.
From what I see, I also checked this using Tickeron’s AI Screener to compare Goodyear with peers in the sector.
How the Market Responded
Shares of Goodyear declined roughly 2% to 4% in after-hours trading after the release. Investors appeared focused on the adjusted loss despite the modest revenue beat. Sentiment stays cautious as the gap persists between the company's long-term turnaround story and near-term results. Management noted that performance remains below internal targets even with sequential improvement, indicating that steady progress has not yet convinced the market on margin sustainability and cash generation. Ongoing tariff costs, inflation, and softer replacement volumes stand out as the main issues heading into the fourth quarter and 2027.
What to Watch Going Forward
Management sounded determined yet realistic, emphasizing that incremental gains alone will not produce the structural shifts needed for reliable free cash flow. A dedicated transformation office has been set up to explore broader operational and strategic moves. Several factors deserve close attention in coming quarters. Replacement-tire demand remains the biggest variable because of its effect on utilization and margins. Raw material costs and tariffs will keep pressuring results, so any stabilization there could change the earnings path. Updates on the "Goodyear Forward" savings program, plant rationalization, and portfolio changes will also matter. The staying power of original equipment market share gains, especially in premium and larger-rim tires, offers another signal. While benefits are expected to build in 2027 and 2028, the near-term outlook depends more on volumes and cost discipline than on top-line growth.
AI Tools in My Research Process
I regularly turn to Tickeron’s AI Screener when evaluating names like Goodyear alongside industry peers. The platform lets me apply filters for technical patterns, fundamentals, and volatility to surface comparable opportunities quickly. It has become a practical part of reviewing how individual stocks fit into broader market trends without spending hours on manual checks.
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
GT in +0.91% Uptrend, advancing for three consecutive days on October 29, 2026
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where GT advanced for three days, in 194 of 274 cases, the price rose further within the following month. The odds of a continued upward trend are 71%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where GT's RSI Indicator exited the oversold zone, 20 of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 69%.
The Momentum Indicator moved above the 0 level on October 28, 2026. You may want to consider a long position or call options on GT as a result. In 70 of 100 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 70%.
The Moving Average Convergence Divergence (MACD) for GT just turned positive on October 22, 2026. Looking at past instances where GT's MACD turned positive, the stock continued to rise in 30 of 46 cases over the following month. The odds of a continued upward trend are 65%.
GT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GT declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 74%.
The Aroon Indicator for GT entered a downward trend on October 29, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 15 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 27 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.461) is normal, around the industry mean (0.768). P/E Ratio (-0.515) is within average values for comparable stocks, (40.498). Projected Growth (PEG Ratio) (0.270) is also within normal values, averaging (1.494). Dividend Yield (0.141) settles around the average of (0.041) among similar stocks. P/S Ratio (0.084) is also within normal values, averaging (49.456).
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 78 (best 1 - 100 worst), indicating slightly worse than average price growth. GT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 98 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. GT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.
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General Information
a manufacturer of tires and other rubber products
Industry AutoPartsOEM
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