Mattel Q2 2026 results: sales up 10%, net loss expands amid gross margin pressure

Mattel reported Q2 2026 net sales of $1.125B, up 10%, but a net loss of $18M due to a 270-basis point gross margin decline driven by tariffs, inflation, and headwinds. The company reiterated its full-year guidance and share buyback target of $400 million.