Filing Flows › Mattel (MAT) › Guidance history
Mattel (MAT) guidance history: what it guided and what it reported
Mattel gave guidance in 10 earnings releases on file since Feb 7, 2024. Its releases raised guidance 0 times and lowered it once.
Adjusted gross margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 50.0% (Feb 10, 2026) → reaffirmed 50.0% (Aug 4, 2026) → lowered 48.0% (Nov 5, 2026) | — | to be reported | — |
| FY2025 | 50.0% (Jul 23, 2025) → reaffirmed 50.0% (Oct 21, 2025) | — | — | — |
| FY2024 | 48.5%–49.0% (Feb 7, 2024) → reaffirmed 48.5%–49.0% (Apr 23, 2024) → reaffirmed 48.5%–49.0% (Jul 23, 2024) | — | — | — |
Adjusted operating income
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $550M–$600M (Feb 10, 2026) → raised $580M–$630M (Aug 4, 2026) → lowered $500M–$570M (Nov 5, 2026) | — | to be reported | — |
| FY2025 | $740M–$765M (Feb 4, 2025) → lowered $700M–$750M (Oct 21, 2025) | — | — | — |
Adjusted tax rate
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 24.0% (Feb 10, 2026) → reaffirmed 24.0% (Aug 4, 2026) → lowered 23.0% (Nov 5, 2026) | — | to be reported | — |
| FY2025 | 23.0%–24.0% (Feb 4, 2025) → reaffirmed 23.0%–24.0% (Oct 21, 2025) | — | — | — |
| FY2024 | 23.0%–24.0% (Feb 7, 2024) → reaffirmed 23.0%–24.0% (Apr 23, 2024) → reaffirmed 23.0%–24.0% (Jul 23, 2024) | — | — | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2024 | $175M–$200M (Apr 23, 2024) | $135M (GAAP) | not judged | — |
Free cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | $600M (Feb 4, 2025) → lowered $500M (Oct 21, 2025) | $483M (GAAP) | not judged | — |
| FY2024 | $500M (Apr 23, 2024) | $665M (GAAP) | not judged | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $1.18–$1.30 (Feb 10, 2026) → raised $1.27–$1.39 (Aug 4, 2026) → lowered $1.05–$1.20 (Nov 5, 2026) | — | to be reported | — |
| FY2025 | $1.66–$1.72 (Feb 4, 2025) → lowered $1.54–$1.66 (Oct 21, 2025) | — | — | — |
| FY2024 | $1.35–$1.45 (Feb 7, 2024) → reaffirmed $1.35–$1.45 (Apr 23, 2024) → reaffirmed $1.35–$1.45 (Jul 23, 2024) | — | — | — |
The latest quarter
Mattel, Q3 2026: revenue $1.8B (+4% year over year), operating margin 26.4%, net earnings $354M, operating cash flow $88.6M. The chart follows the revenue to costs, profit and cash.
Questions
Does Mattel beat its guidance?
Mattel gave guidance in 10 earnings releases on file since Feb 7, 2024. Its releases raised guidance 0 times and lowered it once.
How often does Mattel raise guidance?
Its earnings releases raised guidance 0 times and lowered it once since Feb 7, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.