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Mattel (MAT)
NASDAQ:MAT
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.17Last Year’s EPS
-0.03Same Quarter Last Year
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call reflected a mix of operational and strategic progress alongside notable near-term financial and margin challenges. Highlights include solid Q4 top-line growth, strong performance in vehicles, games, and challenger categories, a strategic and accretive acquisition of Mattel 163 to scale digital games, disciplined share repurchases and strong balance sheet metrics, and continued cost-savings momentum. Lowlights centered on US December softness that caused full-year results to underperform expectations, meaningful margin compression (Q4 gross margin down 480 bps), declines in ITPS and certain doll segments for the year, and reduced free cash flow and profitability. Management provided 2026 guidance that factors in investments that will weigh on results in the near term but is positioned to drive accelerated revenue and profit growth in 2027 under a brand-centric, IP-driven strategy.Company Guidance
Fourth Quarter Top-Line Growth
Gross billings grew 6% in Q4 (7% North America, 4% International); total company POS grew ~3% for both Q4 and the full year. Q4 net sales were $1.77 billion, up 7% reported (up 5% constant currency).
Strong Vehicle and Challenger Category Performance
Vehicles grew 16% in Q4 and 10% for the full year; Hot Wheels delivered double-digit growth and its eighth consecutive record year. Challenger categories grew 14% in Q4 and 13% for the full year, led by action figures (Jurassic, Minecraft, WWE) and building sets driven by the successful Mattel Brick Shop launch.
Games and Traditional Brands Momentum
UNO sustained momentum, achieving its tenth consecutive quarter of growth, contributing to growth in the games category and broader challenger performance.
Digital and Strategic M&A Progress — Mattel 163 Acquisition
Agreement to acquire NetEase's 50% interest in Mattel 163 for $159 million (JV valued at $380 million). Mattel 163 has ~20 million MAUs and 550 million downloads; acquisition expected to close by end of Q1, be immediately accretive, and contribute an estimated ~$150 million of sales in 2026 (partial year).
Strong Capital Allocation and Share Repurchases
Year-end cash of $1.24 billion after $600 million in repurchases in 2025; repurchased >$1.2 billion of shares over the last three years (~18% of shares outstanding). Board authorized a new $1.5 billion buyback program to be completed by 2028 (including $400M planned in 2026).
Cost-Savings Traction and Operational Positioning
Optimizing-for-profitable-growth (OPG) program delivered $24 million in Q4 and $89 million for the year, with cumulative savings of $172 million since 2024; tracking ahead of the initial $200M target and projecting ~$225M total savings.
2026-2027 Forward Guidance and Strategic Investments
Guidance for 2026: net sales growth 3%-6% (constant currency), adjusted gross margin ~50%, adjusted operating income $550M-$600M, adjusted EPS $1.18-$1.30. Company plans ~$110M of targeted strategic investments (digital games largest) plus ~$40M for performance marketing for two self-published mobile games; expects mid-to-high single-digit revenue growth and double-digit adjusted operating income growth in 2027 (directional).
Balance Sheet and Leverage
Long-term debt $2.33 billion with leverage ratio 2.5x (within target 2.0–2.5x); next debt maturity December 2027, maintaining investment grade after refinancing $600M of debt in Q4.
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
MAT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | $21.06 | $15.80 | -24.98% |
Oct 21, 2025 | $18.82 | $18.30 | -2.76% |
Jul 23, 2025 | $20.20 | $16.89 | -16.39% |
May 05, 2025 | $16.20 | $16.65 | +2.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Mattel (MAT) report earnings?
Mattel (MAT) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is Mattel (MAT) earnings time?
Mattel (MAT) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MAT EPS forecast?
MAT EPS forecast for the fiscal quarter 2026 (Q1) is -0.17.
