Mattel (NASDAQ:MAT) Releases FY 2026 Earnings Guidance

Mattel (NASDAQ:MAT) updated its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.270-1.390 for the period, compared to the consensus estimate of 1.340. The company issued revenue guidance of $5.5 billion-$5.7 billion, compared to the consensus revenue estimate of $5.7 billion.

Mattel Trading Up 1.2%

MAT stock traded up $0.17 during midday trading on Thursday, hitting $14.63. The company had a trading volume of 1,644,018 shares, compared to its average volume of 4,903,867. The company has a current ratio of 2.06, a quick ratio of 1.50 and a debt-to-equity ratio of 1.11. Mattel has a 52 week low of $12.73 and a 52 week high of $22.48. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 1.30 and a beta of 0.72. The stock’s 50 day moving average price is $14.20 and its 200 day moving average price is $15.67.

Mattel (NASDAQ:MAT) last issued its earnings results on Tuesday, August 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Mattel had a return on equity of 15.83% and a net margin of 7.79%.The firm’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm posted $0.19 earnings per share. Mattel has set its FY 2026 guidance at 1.270-1.390 EPS. As a group, equities research analysts expect that Mattel will post 1.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on MAT shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mattel in a research report on Thursday, July 2nd. JPMorgan Chase & Co. dropped their price target on Mattel from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Thursday, April 30th. Jefferies Financial Group reissued a “buy” rating on shares of Mattel in a report on Wednesday, May 6th. Citigroup decreased their target price on shares of Mattel from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, July 10th. Finally, Odeon Capital Group assumed coverage on Mattel in a research note on Thursday, July 16th. They issued a “buy” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Mattel currently has a consensus rating of “Hold” and a consensus target price of $17.33.

Key Mattel News

Here are the key news stories impacting Mattel this week:

• Positive Sentiment: Revenue beat expectations: Second-quarter sales rose 10.5% year over year to $1.13 billion, exceeding the $1.10 billion analyst estimate. Vehicles, especially Hot Wheels, games, action figures and movie-related products led the gains. Mattel Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management reaffirmed its outlook: Mattel continues to forecast 2026 adjusted EPS of $1.27-$1.39 and revenue of $5.5 billion-$5.7 billion, suggesting executives expect momentum to continue in the second half. Mattel Reiterates 2026 Guidance
• Positive Sentiment: Brand and entertainment strategy is generating demand: Toy-based films, adult collectors and licensed entertainment helped support growth. Masters of the Universe merchandise reportedly performed better in stores than the film did at the box office, while new K-pop Demon Hunters dolls and the planned global UNO Wild launch in early 2027 provide additional product catalysts. Toy-Based Movies and Adult Collectors Drive Growth
• Neutral Sentiment: Growth remains concentrated in toys: Despite its Hollywood ambitions, Mattel still derives most of its revenue from traditional toy sales, leaving results exposed to consumer spending trends and the broader slowdown in the toy market. Mattel’s Entertainment Strategy
• Negative Sentiment: Profit significantly missed estimates: Adjusted EPS was $0.01, below the roughly $0.03-$0.04 consensus and down from $0.19 a year earlier. Mattel reported an $18.2 million loss as advertising, selling and administrative expenses, tariffs and other costs pressured margins. Mattel Q2 Earnings Miss Estimates

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Quarry LP bought a new position in shares of Mattel in the third quarter worth about $28,000. Los Angeles Capital Management LLC bought a new stake in Mattel in the fourth quarter worth approximately $31,000. Atlas Capital Advisors Inc. acquired a new position in shares of Mattel during the 4th quarter valued at $36,000. Danske Bank A S bought a new position in shares of Mattel during the 3rd quarter worth about $49,000. Finally, UMB Bank n.a. lifted its stake in shares of Mattel by 56.5% in the fourth quarter. UMB Bank n.a. now owns 3,241 shares of the company’s stock valued at $64,000 after buying an additional 1,170 shares in the last quarter. 97.15% of the stock is owned by institutional investors.

Mattel Company Profile

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.