Mattel (NASDAQ:MAT) Issues FY 2026 Earnings Guidance

Mattel (NASDAQ:MAT) updated its FY 2026 earnings guidance on Friday morning. The company provided earnings per share guidance of 1.050-1.200 for the period, compared to the consensus earnings per share estimate of 1.300. The company issued revenue guidance of $5.4 billion-$5.6 billion, compared to the consensus revenue estimate of $5.7 billion.

Analyst Upgrades and Downgrades

MAT has been the topic of a number of research analyst reports. Citigroup reduced their price target on shares of Mattel from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday. Argus reiterated a “buy” rating and set a $22.00 target price on shares of Mattel in a research note on Tuesday, August 25th. UBS Group restated a “buy” rating on shares of Mattel in a report on Thursday, October 1st. Bank of America reaffirmed a “buy” rating and set a $21.00 target price on shares of Mattel in a report on Friday. Finally, Weiss Ratings lowered Mattel from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $18.09.

Mattel Price Performance

Mattel stock opened at $15.35 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 1.17. The stock has a 50-day moving average price of $15.02 and a two-hundred day moving average price of $15.38. The company has a market capitalization of $4.39 billion, a PE ratio of 8.98, a P/E/G ratio of 1.65 and a beta of 0.59. Mattel has a 12 month low of $12.40 and a 12 month high of $22.48.

Mattel (NASDAQ:MAT) last issued its quarterly earnings data on Thursday, November 5th. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $0.94 by $0.36. Mattel had a net margin of 7.79% and a return on equity of 16.20%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the business earned $0.89 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Analysts expect that Mattel will post 1.30 EPS for the current year.

Insider Activity at Mattel

In related news, EVP Roberto Isaias sold 39,083 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $15.02, for a total transaction of $587,026.66. Following the transaction, the executive vice president directly owned 144,390 shares of the company’s stock, valued at approximately $2,168,737.80. The trade was a 21.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.

Trending Headlines about Mattel

Here are the key news stories impacting Mattel this week:

• Positive Sentiment: Third-quarter EPS was $1.30, above the $0.94 consensus and up from $0.89 a year earlier. Sales rose 4.1% year over year, with growth in Vehicles and Games and higher gross margins. Zacks earnings coverage
• Positive Sentiment: Hot Wheels billings are nearing $2 billion, and Mattel is launching low-priced, small-scale Hot Wheels model kits. These initiatives may support the brand, though their financial impact is not yet clear. The Motley Fool article
• Neutral Sentiment: Mattel named Steve Totzke president and COO, while Roberto Stanichi is leaving to pursue another opportunity. The leadership change could affect execution, but its business impact remains uncertain. Mattel leadership announcement
• Negative Sentiment: Third-quarter revenue of $1.81 billion missed the $1.84 billion estimate. Mattel lowered its 2026 EPS guidance to $1.05–$1.20, below the $1.30 consensus, and revenue guidance to $5.4–$5.6 billion versus $5.7 billion expected. It also reduced its full-year sales-growth outlook to 1%–4%, raising concerns about demand heading into the holiday season. Reuters report on Mattel’s forecast
• Negative Sentiment: Tariff refunds contributed to stronger margins, so the earnings beat may overstate the strength of ongoing operations. The lowered outlook and sales miss are the clearest near-term headwinds for MAT. Barron’s analysis

About Mattel

Mattel, Inc is a global toy and entertainment company that designs, manufactures and markets a broad portfolio of toys, games and consumer products. Its best-known brands include Barbie, Hot Wheels, Fisher-Price, American Girl, Matchbox, UNO, Masters of the Universe and Thomas & Friends. Mattel also develops entertainment content and licenses its intellectual property for use in consumer products, digital experiences and other media.

Founded in 1945, Mattel has expanded from a U.S.