MAT Shares Sink After Earnings Miss Spurs Dual Wall Street Downgrades

Mattel reported Q2 net sales of $1.12B, above LSEG’s $1.10B estimate, but adjusted profit was 1 cent per share versus a 4-cent estimate. Mattel cited tariffs, inflation, higher royalties, and currency moves, with adjusted gross margin down to 48.6% and operating income down 60% on higher marketing. It reaffirmed FY EPS $1.27-$1.39 and sales growth 3%-6%.

Mattel reported Q2 2026 net sales growth of 10%, citing double-digit gains in North America and integration of Mattel163 digital games. Management reiterated 2026 guidance for net sales growth of 3% to 6% and adjusted gross margin around 50%, while discussing margin headwinds from tariffs and inflation and a $110 million digital/IP investment plan.

Mattel (MAT) shares fell about 2.7% to around $14.50 after Q2 results showed revenue growth but weaker profitability. Net sales rose to $1,125.3m from $1,018.6m, while net income swung to a $18.2m loss from a $53.4m profit. Adjusted operating income fell to $39m from $96m as margins declined due to tariffs, inflation, royalties, and higher advertising.

Mattel reported second-quarter results after the close, saying Masters of the Universe merchandise gross billings more than tripled year-to-date, driven by the movie and streaming performance. Sales rose 10% year-over-year, but Mattel posted a net loss of $18 million versus $53 million profit a year earlier, citing tariffs, inflation, and higher ad costs.

Mattel (NASDAQ:MAT) reported Q2 CY2026 results. Revenue rose 10.5% year on year to $1.13 billion, exceeding Wall Street estimates by 2.4%. Non-GAAP adjusted EPS was $0.01, down from $0.19 a year earlier and below consensus. Analysts expect revenue growth of 5.3% and full-year EPS to rise from $1.09 to $1.38.

MATTEL INC /DE/ (MAT) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 matq22026earningsrelease.htm EX-99.1 Document NEWS RELEASE Exhibit 99.1 MATTEL REPORTS SECOND QUARTER 2026 FINANCIAL RESULTS Second Quarter 2026 Highlights Versus Prior Year • Net Sales of $1,125 million, up 10% as reported, and 9% in constant currency • Gross Margin of