Mattel Swings to Profit in Q1 2026 with $61M Net Income, Revenue Up 4.3%
MAT is trading near its 52-week low of $14.1 (6.0% above the low).
Summary
Mattel reported strong first-quarter 2026 results, with revenue increasing 4.3% year-over-year to $862.17 million. Critically, the company swung to a net income of $61.03 million, a significant improvement from a net loss of $40.32 million in the prior-year quarter, with diluted EPS reaching $0.2. This positive performance marks a notable turnaround from the 27% net income decline reported for full-year 2025. The results were driven by a 5% increase in gross billings, led by a 17% surge in Hot Wheels, despite declines in Barbie and Fisher-Price. This substantial improvement in profitability is highly material for the stock, indicating a potential positive shift in the company's financial trajectory. Traders will be watching for sustained profitability and how the company manages ongoing gross margin pressures and brand portfolio performance in subsequent quarters.
At the time of this announcement, MAT was trading at $14.94 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $4.5B. The 52-week trading range was $14.10 to $22.48. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.