EarningsQ2 2026 Earnings Report
MX:MAT Q2 2026 EPS Results
Actual EPS$0.17
Consensus EPS$0.68
Beat/MissMissed by -$0.51
One Year Ago EPS$3.21
MX:MAT Q2 2026 Revenue Results
Actual Revenue$19.04B
Expected Revenue$18.63B
Beat/MissBeat by +$407.12M
YoY Revenue Growth+10.48%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
MX:MAT Upcoming Earnings
Mattel's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:MAT Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly positive operational and strategic picture highlighted by strong top-line growth (net sales +10% reported, +9% constant currency), regional expansion, brand leadership (Hot Wheels, UNO, Action Figures), progress integrating Mattel163 (≈$49M revenue; ≈$14M adjusted OI) and meaningful content and digital game initiatives that position the company for a stronger 2027. These positives were balanced against near-term profitability and cash-flow pressures: adjusted operating income, EBITDA and EPS declined materially due to higher advertising/SG&A investments and margin headwinds from tariffs, inflation and royalties; cash decreased and leverage remains elevated. Management reiterated full-year 2026 guidance and emphasized that 2026 is an investment year positioning the company for mid- to high-single-digit top-line growth and strong double-digit bottom-line improvement in 2027. Overall, the strategic growth drivers and execution progress materially outweigh the current financial headwinds, though investors should monitor margin recovery, tariff outcomes and the timing/outcome of digital and film monetization.Company Guidance
Strong Top-Line Growth
Net sales increased 10% as reported and 9% in constant currency in Q2, driven by both owned and partner IP and digital games; company reiterated full-year 2026 net sales guidance of +3% to +6% (constant currency).
Regional Gross Billings Expansion
Gross billings growth across 3 of 4 regions: North America +12%, EMEA +7%, Asia Pacific +4%; Latin America was comparable year-over-year.
Category & Brand Leadership (Hot Wheels, UNO, Action Figures)
Mattel ranked #1 globally in Dolls, Vehicles and ITPS and gained share in Vehicles and Action Figures per Circana; Hot Wheels grew ~12% and is approaching a ~$2B brand for Mattel; UNO and Action Figures (including Toy Story 5 and Masters of the Universe) were meaningful growth drivers.
Digital Games & Content Momentum
Full acquisition and integration of Mattel163 is progressing; first self-published mobile game (Masters of the Universe) launched and UNO Wild in soft launch (targeted global launch early 2027); two licensed PC/console titles (Hot Wheels and Barbie) scheduled later this year.
Film & Franchise Impact (Masters of the Universe)
Masters of the Universe launched on Amazon Prime Video and was the #1 film on Prime globally and #1 most-watched across U.S. streaming platforms in its first week; gross billings for the franchise have more than tripled year-to-date, boosting brand engagement and product ecosystem sales.
Mattel163 Financial Contribution
Mattel163 contributed nearly $49 million in revenue and approximately $14 million in adjusted operating income in the quarter, and its margin contribution added ~120 basis points to gross margin.
Disciplined Capital Allocation & Share Repurchases
Repurchased $100 million in Q2 and $300 million year-to-date, on track for a $400 million full-year repurchase target; $1.5 billion repurchased since 2023, reducing shares outstanding by ~23%.
Operational Efficiencies & Cost Savings
Optimizing for Profitable Growth program delivered $15 million in savings in the quarter and $205 million cumulatively since 2024, with a $225 million program target for 2024–2026; gross margin expected to improve in H2.
MX:MAT 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