Earnings Call
Jul 21, 2026
Q2 FY2026
EPS Estimate
1.16
EPS Actual
1.28
Post-Earnings Close
$88.78
Earnings Reaction
+8.8%
Hasbro's second quarter results were headlined by Magic: The Gathering's continued dominance, with the franchise posting 32% growth in Q2 and 34% for the first half, performance that is reshaping how investors should think about the company's earnings profile. Consolidated net revenue came in at $1.14 billion, up 16% year-over-year, with adjusted EPS of $1.28 against a consensus estimate of $1.17. The Wizards segment drove the bulk of the outperformance, generating $664 million in revenue at a 40.7% operating margin (which would have been materially higher absent a $56 million non-cash digital impairment). Management raised full-year guidance across the board: consolidated revenue growth of 5%-7% on a constant currency basis, adjusted operating margins of 25%-26%, and adjusted EBITDA of $1.45-$1.5 billion.
Report generated on Jul 21, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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