Hasbro 10-Q Details $54.5M Tariff Refunds, $56.4M Software Impairment, $400M Buyback Target
HAS sits 60% above its 52-week low of $74.78.
Summary
Hasbro's Q3 10-Q backs up the October 20 results with $54.5M of tariff refunds, a $56.4M digital games software impairment, and a raised $400M 2026 buyback target with $848M of authorization remaining.
Key Events · Earnings and Guidance · HAS
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Q3 Revenue Up 15% to $1.595B
Net revenues rose to $1,595.3M from $1,387.5M, with Wizards of the Coast and Digital Gaming up 30.6% to $747.2M as Magic: The Gathering topped $600M in a quarter for the first time.
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$54.5M Tariff Refunds Boost Margins
IEEPA tariff recoveries cut cost of sales by $54.5M, with $43.4M received in cash ($41.5M principal, $1.9M interest) and $13.0M of Phase 2/Phase 3 refunds still receivable within six months.
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$56.4M Digital Games Impairment
A non-cash write-off of capitalized software followed the decision to refocus the Digital Games portfolio and cancel titles slated for 2028 and beyond; cyberattack costs added $11.8M over nine months.
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Buyback Target Raised to $400M
Hasbro repurchased $149.3M of stock in the first nine months and lifted its 2026 repurchase target to $400M, with $848M remaining on the February 2026 authorization.
Analysis · HAS · Manufacturing
The headline Q3 numbers were already out on October 20, but the full 10-Q fills in the quality of the quarter. Roughly $54.5M of IEEPA tariff refunds propped up cost of sales, and a $56.4M non-cash write-off of cancelled digital game titles plus $11.8M of cyberattack costs show where the offsets came from. Cash generation was strong at $907.3M from operations over nine months, funding $296.1M of dividends and $149.3M of buybacks, with management lifting the 2026 repurchase target to $400M and $848M still authorized.
How filings like this one have moved
In the 30 days to Oct 31, 2026, 31.5% of the 1750 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HAS was trading at $119.57 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $16.9B. The 52-week trading range was $74.78 to $121.04. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.