Filing Flows › Mattel (MAT) › Q3 2026 › vs Q2 2026
Mattel (MAT) Q3 2026 vs Q2 2026 (quarter over quarter)
Mattel's revenue rose $681M (+61%) from $1.1B in Q2 2026 to $1.8B in Q3 2026. Gross margin 54.8% against 48.2% (+6.6 pts).
Mattel, Q3 2026: revenue $1.8B (+4% year over year), operating margin 26.4%, net earnings $354M, operating cash flow $88.6M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 54.8% | 48.2% | +6.6 pts |
| Operating margin | 26.4% | 1.0% | +25.4 pts |
| Net margin | 19.6% | -1.6% | +21.2 pts |
| Free cash flow margin | 2.8% | -19.7% | +22.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $1.8B | $1.1B | $681M | +61% |
| Gross profit | $990M | $542M | $447M | +83% |
| Cost of revenue | $817M | $583M | $234M | +40% |
| Operating profit | $476M | $10.9M | $465M | 44× |
| Operating expenses | $513M | $531M | −$17.9M | -3% |
| Pre-tax earnings | $450M | −$18.0M | $468M | — |
| Other expense, net | $25.8M | $28.9M | −$3.0M | -10% |
| Research & development | $67.9M | $70.4M | −$2.5M | -4% |
| Sales & marketing | $143M | $124M | $19.0M | +15% |
| Other operating costs | $302M | $337M | −$34.4M | -10% |
| Net earnings | $354M | −$18.2M | $372M | — |
| Income tax | $96.8M | $228K | $96.6M | 425× |
| Depreciation & amortization | $50.6M | $48.7M | $1.9M | +4% |
| Working capital & other | $316M | $230M | $86.0M | +37% |
| Operating cash flow | $88.6M | −$179M | $268M | — |
| Free cash flow (OCF − capex) | $50.7M | −$222M | $272M | — |
| Capital expenditures | $37.9M | $42.3M | −$4.4M | -10% |
Questions
How much did Mattel's revenue grow quarter over quarter in Q3 2026?
Mattel's revenue rose $681M (+61%) from $1.1B in Q2 2026 to $1.8B in Q3 2026. Gross margin 54.8% against 48.2% (+6.6 pts).