Mattel Returns to Profitability in First Quarter 2026

Apr 29, 2026 21:34 UTC

MAT

Short term

Toy manufacturer Mattel reported a significant financial turnaround in Q1 2026, swinging from a net loss to a profit. The company also posted year-over-year growth in total net sales.

Net income: $61 million (vs. $40.3 million loss YoY)
EPS: $0.20 (vs. $0.12 loss YoY)
Net sales: $862.2 million (vs. $826.6 million YoY)
After-hours stock price: $15.03 (+0.94%)

Mattel, Inc. (MAT) has successfully returned to profitability in the first quarter of 2026, reporting a net income of $61 million for the period ending March 31. This result marks a sharp reversal from the same quarter in the prior year, during which the company recorded a net loss of $40.3 million. The company's bottom-line recovery is reflected in its earnings per share, which reached $0.20. This is a notable improvement over the $0.12 per share loss reported in the previous year's first quarter. Top-line performance also showed steady growth. Mattel reported net sales of $862.2 million, an increase from the $826.6 million generated during the same period a year ago, indicating resilient demand for its product lines. Following the release of the earnings data, Mattel shares saw a modest uptick in after-hours trading. The stock was priced at $15.03, representing a gain of $0.14, or approximately 0.94 percent on the Nasdaq.