Mattel (NASDAQ:MAT) Announces FY 2026 Earnings Guidance

Key Points

• Mattel cut its FY 2026 outlook: EPS guidance is $1.05–$1.20, below the $1.30 analyst consensus, and revenue guidance is $5.4–$5.6 billion versus the $5.7 billion consensus.
• Third-quarter EPS of $1.30 beat the $0.94 estimate, but revenue of $1.81 billion missed the $1.84 billion consensus; sales were up 4.1% year over year.
• Analyst opinion is mixed: MarketBeat reports a consensus “Hold” rating and an $18 price target, with one Strong Buy, six Buys, four Holds, and three Sells.

Mattel (NASDAQ:MAT - Get Free Report) 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 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MAT shares. Bank of America reiterated a "buy" rating on shares of Mattel in a research report on Friday. Weiss Ratings downgraded Mattel from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. The Goldman Sachs Group lowered shares of Mattel from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $15.00 to $12.00 in a report on Thursday, July 9th. Roth Capital lowered their price objective on Mattel from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 14th. Finally, Odeon Capital Group initiated coverage on Mattel in a research note on Thursday, July 16th. They set a "buy" rating on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $18.00.

Mattel Stock Performance

Shares of MAT stock traded up $0.72 during trading hours on Friday, reaching $15.69. 4,302,363 shares of the company traded hands, compared to its average volume of 5,180,598. The firm has a 50-day moving average price of $15.01 and a 200 day moving average price of $15.41. The company has a market cap of $4.48 billion, a P/E ratio of 11.54, a P/E/G ratio of 1.65 and a beta of 0.59. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.90 and a quick ratio of 1.26. Mattel has a 12-month low of $12.40 and a 12-month high of $22.48.

Mattel (NASDAQ:MAT - Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $1.30 earnings per share 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 company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the firm posted $0.89 EPS. Mattel's quarterly revenue was up 4.1% compared to the same quarter last year. As a group, sell-side analysts predict that Mattel will post 1.30 earnings per share for the current fiscal year.

Insider Buying and Selling at Mattel

In other Mattel news, EVP Roberto Isaias sold 39,083 shares of Mattel stock in a transaction 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 completion of the transaction, the executive vice president directly owned 144,390 shares of the company's stock, valued at $2,168,737.80. The trade was a 21.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.90% of the company's stock.

Mattel News Summary

Here are the key news stories impacting Mattel this week:

• Positive Sentiment: Third-quarter EPS was $1.30, beating the $0.94 consensus and up from $0.89 a year earlier. However, reports noted that tariff refunds helped support margins. Mattel beats Q3 earnings estimates
• Positive Sentiment: Hot Wheels gross billings are nearing $2 billion, highlighting strength in a key brand, while Mattel expects full-year net sales growth of 1% to 4%. Mattel: 3 key takeaways for long-term investors
• Neutral Sentiment: Mattel named Steve Totzke president and COO, effective Nov. 11. Roberto Stanichi is stepping down to pursue another opportunity and is reportedly joining Netflix to lead consumer products and experiences. Mattel leadership announcement
• Negative Sentiment: Mattel cut its 2026 EPS guidance to $1.05–$1.20, below the $1.30 consensus, and revenue guidance to $5.4–$5.6 billion, below the $5.7 billion estimate. It also lowered its sales-growth outlook after Q3 revenue of $1.81 billion missed the $1.84 billion consensus, despite rising 4.1% year over year. Mattel cuts annual forecasts as new CEO takes charge

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.

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