Hasbro Q2 2026: revenue up 16.0% to $1.14 billion, outlook raised
Hasbro's second quarter was strong where it counts: revenue up 16.0% to $1.14 billion, adjusted earnings of $1.28 beating the $1.15 consensus, and all three full-year targets raised. GAAP earnings of $1.12 came in just under consensus, mostly because of a $56 million impairment. Read the segment mix before the headline: Magic: The Gathering supplied nearly half the quarter.
1 · Expected vs. Actual
Free preview belowGAAP earnings were $1.12 per diluted share, just under the $1.15 consensus, while adjusted earnings of $1.28 cleared it. The main gap between the two is a $56 million impairment tied to the refocused Digital Games portfolio. A year ago this quarter showed a loss of $855.8 million, or $6.10 per share, driven by a $1.02 billion goodwill impairment.
Revenue of $1.14 billion rose 16.0% from $0.98 billion a year earlier, with Wizards and Digital Gaming up 27.0% and Consumer Products up 5.0%, partly offset by Entertainment down 20.0%. Gross margin slipped to 76.1% from 77.0%. Magic: The Gathering brought in $545.3 million, up 32.0%.
Log in to read 5 analyses a week for free
Create a free account to read 5 full earnings analyses each week — all five steps: expected vs. actual, guidance tracker, money flow, balance sheet and risks. Members get unlimited access.
Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
Answers are based on the earnings release and the analysis above. Free accounts get 3 questions a week; members get 30 a day.