Mattel Q2 FY26 turns to net loss of USD 18 million; net sales rise 10% to USD 1.13 billion
MAT•Quarterly results
Mattel posted a GAAP net loss of $18 million, swinging from profit; GAAP loss per share was $0.06.
Net sales rose 10% to $1.13 billion; GAAP operating income fell to $11 million from $79 million.
Margins and adjusted profit
GAAP gross margin slipped 2.7 percentage points to 48.2%, due to tariffs, inflation, higher royalties, and unfavorable foreign exchange.
Adjusted earnings per share fell to $0.01 from $0.21; adjusted operating income dropped to $39 million from $96 million.
Full-year outlook and buybacks
Mattel reiterated full-year 2026 guidance; reaffirmed a $400 million share repurchase target, with $300 million bought back year-to-date.
