Mattel, Inc. (MAT) Q3 FY2026 earnings

Reported results

• Net Sales were $1,807 million, up 4% as reported and 3% in constant currency versus the prior year’s third quarter.
• Reported Gross Margin was 54.8%, an increase of 480 basis points, while Adjusted Gross Margin (non-GAAP) was 55.0%, an increase of 480 basis points.
• Reported Operating Income was $476 million, up $96 million, and Adjusted Operating Income (non-GAAP) was $502 million, up $106 million.
• Reported Net Income was $354 million, an increase of $75 million compared to the prior year’s third quarter.
• Reported Earnings per Share was $1.23 compared to $0.88 in the prior year, while Adjusted Earnings per Share (non-GAAP) was $1.30 compared to $0.91 in the prior year.

Guidance

• For full year 2026, Net Sales growth is expected to be in the range of 1% to 4% in constant currency.
• For full year 2026, Adjusted Gross Margin is expected to be roughly 48%.
• For full year 2026, Adjusted Operating Income is expected to be in the range of $500 million to $570 million.
• For full year 2026, Adjusted EPS is expected to be in the range of $1.05 - $1.20.
• Foreign Exchange is expected to have a roughly 1% benefit on full year 2026 Net Sales based on current spot rates.
• Adjusted Effective Tax Rate is expected to be roughly 23% for the full year 2026.

Notes

In fiscal 2026, Mattel began excluding the impact of amortization of acquired intangible assets from non-GAAP financial measures and recast non-GAAP measures for prior periods accordingly.

Price and volatility reaction

The stock moved +2.5% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -18.3 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-11-05 (8-K, Item 2.02). Read the original filing on sec.gov.