Mattel Inc

MAT: XNAS (USA)

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Mattel Earnings: Management Cultivating Updated Strategy, but Demand Weakness Delays Improvement

Jaime M Katz

Nov 6, 2026

Mattel's third quarter included sales growth of 4%, to $1.8 billion, aided by global gross billings growth of 9% in vehicles and 12% in challenger segments. Adjusted operating margin expanded 480 basis points, to 55%, primarily due to $88 million in tariff refunds (flat excluding tariff payback).

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Mattel Inc

Mattel Earnings: Management Cultivating Updated Strategy, but Demand Weakness Delays Improvement

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