MATTEL INC /DE/ (MAT) Form 10-Q — Nov 5, 2026
Mattel's Q3 2026 net sales rose 4% year over year to $1.81 billion, with diluted EPS of $1.23 versus $0.88 a year ago and operating income up roughly $96 million to $476.3 million. Gross margin expanded 480 basis points to 54.8%, driven heavily by approximately $88 million of IEEPA tariff refunds recognized as a reduction of cost of sales, plus a contribution from the Mattel163 mobile games studio it fully acquired in March 2026 for $178.6 million, generating a one-time $147.9 million remeasurement gain.
Key figures
- Eps
- 1.23
- Revenue
- 1806690000
- Net Income
- 353604000
- Total Debt
- 2335000000
- Revenue Yoy
- 4%
- Total Assets
- 6897298000
- Cash Position
- 541408000
- Shares Outstanding
- 285.5 million as of October 26, 2026
- Goodwill
- 1582215000
- Q3 basic eps
- 1.24
- Mattel163 gain
- 147900000
- Q3 gross margin
- 54.8% vs 50.0% prior year
- Q3 operating income
- 476266000
- Nine month net sales
- 3794187000
- Nine month net income
- 396419000
- Opg cumulative savings
- approximately $225 million
- Ieepa tariff refunds q3
- approximately $88 million
- Mattel163 purchase price
- 178.6 million for remaining 50%
- Share buyback authorization
- 1.50 billion (Feb 9, 2026)
- Share repurchases nine months
- 308408000
- Mattel163 enterprise fair value
- 357.2 million
- Remaining buyback authorization
- 1.19 billion
AI analysis
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