Mattel — Third Quarter 2026 Earnings Summary

Mattel reported third-quarter 2026 net sales of $1,807 million, representing a 4% increase as reported and a 3% increase in constant currency compared to the prior year. The company achieved a reported gross margin of 54.8% and an adjusted gross margin of 55.0%, driven primarily by $88 million in tariff refunds received. Net income for the quarter rose to $354 million, resulting in diluted earnings per share of $1.23, while Hot Wheels gross billings grew 7% as reported. For the full year 2026, Mattel revised its guidance to expect net sales growth between 1% and 4% in constant currency and adjusted earnings per share between $1.05 and $1.20.