Mattel earnings date
Mattel (1MAT) Q3 2026 Earnings Report
IT:1MAT Q3 2026 EPS Results
- Actual EPS
- EUR 1.18
- Consensus EPS
- EUR 0.85
- Beat/Miss
- Beat by +EUR 0.33
- One Year Ago EPS
- EUR 0.80
IT:1MAT Q3 2026 Revenue Results
- Actual Revenue
- EUR 1.63B
- Expected Revenue
- EUR 1.66B
- Beat/Miss
- Missed by -EUR 25.77M
- YoY Revenue Growth
- +4.07%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/05/2026
- Time
- After Close
- Conference Call
- Thursday, November 5, 2026
Mattel's next earnings date is estimated for February 10, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call presented strong third-quarter results, led by higher sales, profitability, vehicles, Hot Wheels, partner brands, and regional growth. However, the tone was cautious because point-of-sale trends decelerated broadly, full-year guidance was revised to lower sales and profitability ranges, Barbie and several categories remained under pressure, and underlying gross-margin performance was affected by inflation and higher royalties when excluding tariff refunds.
For the remainder of 2026, Mattel revised full-year guidance to net sales growth in the range of 1%-4% in constant currency, adjusted gross margin of roughly 48%, adjusted operating income in the range of $500 million-$570 million, and adjusted earnings per share in the range of $1.05-$1.20; foreign exchange is expected to have roughly a 1% benefit on full-year net sales based on current spot rates, and the adjusted effective tax rate is expected to be roughly 23% for the full year. The revised outlook reflects softer-than-expected point of sales, POS, including a deceleration in trends during the latter part of the third quarter that has continued into the fourth quarter with similar trends across major markets, excludes the benefits of tariff refunds recognized year to date and any additional tariff refunds that may be recognized during the remainder of the year, and the company expects to provide 2027 guidance in February 2027.
- Q3 Net Sales GrowthThird-quarter net sales grew 4% as reported and 3% in constant currency to $1.81 billion.
- Improved Gross Margin and ProfitabilityAdjusted gross margin increased 480 basis points to 55%, including $88 million of tariff refunds that benefited cost of goods sold. Adjusted operating income increased $106 million to $502 million, adjusted EBITDA increased to $543 million from $466 million, and adjusted earnings per share increased $0.39 to $1.30 from $0.91.
- Vehicles and Challenger Categories Drove Billings GrowthGross billings growth was driven by vehicles, challenger categories, and dolls. All vehicle brands grew in the quarter, while action figures and games grew double digits, including the contribution from Mattel163.
- Partner Brands and K-Pop Demon Hunters DemandDolls growth was primarily driven by partner brands, including Netflix's K-Pop Demon Hunters, which Mattel said translated rapidly evolving consumer interest into strong demand for its products.
- Broad Regional Growth Outside Latin AmericaThree of four regions grew: North America increased 4%, EMEA increased 3%, and Asia Pacific increased 15%.
- Hot Wheels Nears $2 Billion in Gross BillingsHot Wheels is on track for its ninth consecutive record year and is approaching $2 billion in gross billings. Mattel expects to produce approximately 1 billion die-cast cars this year, or roughly 32 cars every second.
- Mattel Brick Shop SuccessMattel said Brick Shop, which combines the growing building-set play pattern with Hot Wheels' expertise in cars and car culture, has been a great success. The company is increasing its focus on optimizing supply chain capacity to support that growth.
- Hot Wheels Content PerformanceThe new Hot Wheels Let's Race special reached number two on Netflix's global top 10 movies list after its October release. Mattel also connected the special with the Hot Wheels Ultimate Garage product and the Legends Tour.
- Share Repurchases ContinuedMattel repurchased $308 million of shares year to date and nearly $500 million on a trailing 12-month basis, bringing total repurchases since resuming the program in 2023 to more than $1.5 billion. Approximately $1.2 billion remains under the current authorization.
- Stable Debt and Owned InventoryTotal debt was comparable with the prior year, and owned inventory at quarter end was $828 million, also comparable with the prior year.
- Continued Investment in Brands and Growth OpportunitiesManagement said it will continue investing in brands, existing categories, attractive growing toy categories such as building sets and trading cards, and opportunities involving adult fans and collectors, while applying a disciplined, returns-driven approach to capital allocation.
- Focus on Technology, Data, and AIManagement plans to evaluate how technology, data, and AI can increase productivity, improve decision-making, simplify operations, and accelerate execution, with the potential to help both the top and bottom line.
- Core Toy Business as Foundation for Broader IP EcosystemsManagement reiterated that a strong core toy business can support broader franchise ecosystems across digital, content, live experiences, consumer products, and other expressions of Mattel's intellectual property.
- Supply Chain Prepared for Revised Sales RangeManagement said Mattel has the products and inventory available for customers and is fully prepared to handle all parts of the revised net sales range without expected supply chain issues at those demand levels.
- Leadership Additions and Operating FocusRoger Lynch began his tenure as Chairman and CEO, Peter Griffith joined as CFO and a board member, and Steve Totzke was appointed President and COO. Management said the leadership team is aligned around strengthening brands, winning in toys, driving innovation, and investing with discipline.
IT:1MAT Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 10, 2027 | 2026 (Q4) | 0.27- | 0.35 | ― | ― |
| Nov 05, 2026 | 2026 (Q3) | 0.851.18 | 0.8 | 46.07% (+0.37) | |
| Aug 04, 2026 | 2026 (Q2) | 0.040.01 | 0.17 | -94.74% (-0.16) | |
| Apr 29, 2026 | 2026 (Q1) | -0.19-0.18 | -0.03 | -566.67% (-0.15) | |
| Feb 10, 2026 | 2025 (Q4) | 0.490.35 | 0.32 | 11.43% (+0.04) | |
| Oct 21, 2025 | 2025 (Q3) | 0.960.80 | 1.03 | -21.93% (-0.23) | |
| Jul 23, 2025 | 2025 (Q2) | 0.160.17 | 0.17 | 0.00% (+0.00) | |
| May 05, 2025 | 2025 (Q1) | -0.09-0.03 | -0.05 | 40.00% (+0.02) | |
| Feb 04, 2025 | 2024 (Q4) | 0.180.32 | 0.26 | 20.69% (+0.05) | |
| Oct 23, 2024 | 2024 (Q3) | 0.861.03 | 0.98 | 5.56% (+0.05) |
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.
