With two consecutive guidance raises and Magic: The Gathering revenue accelerating, the key catalyst to watch is the Q4 pipeline (Magic lineup expected to drive strong finish to 2026). Monitor the sustainability of Consumer Products margin recovery and any further tariff refund developments.
Price Chart
Executive Summary
Hasbro reported Q3 2026 adjusted EPS of $2.90, a 93.2% beat vs. the $1.50 consensus, on revenue of $1.595B (11.5% above the $1.43B estimate). The company raised its full-year guidance for the second consecutive quarter, now expecting revenue up 7-9% (previously 5-7%), adjusted operating margin of 27-28% (previously 25-26%), and adjusted EBITDA of $1.575B-$1.625B (previously $1.45B-$1.50B). Magic: The Gathering surpassed $600M in quarterly revenue for the first time, and the company doubled its share repurchase target for the year.
Key Financial Metrics
Key Facts
- Adjusted EPS of $2.90 vs. consensus $1.50 (+93.2% beat)
- Revenue of $1.595B vs. consensus $1.43B (+11.5% beat)
- Revenue up 15% YoY, driven by Wizards & Digital Gaming (+31%)
- Magic: The Gathering revenue hit $616.1M, up 34% YoY, surpassing $600M for the first time
- Adjusted operating profit $541M, +52% YoY; adjusted operating margin 33.9%
- Full-year guidance raised: revenue +7-9% CC (prev. +5-7%), adj. op. margin 27-28% (prev. 25-26%), adj. EBITDA $1.575B-$1.625B (prev. $1.45B-$1.50B)
- Share repurchase target doubled for the year; returned $206M to shareholders in Q3
- Consumer Products operating profit doubled YoY to $178M (adj.), driven by productivity
- Results include ~$55M in tariff refunds benefiting operating profit
Financial Impact
EPS beat consensus by $1.40 (+93.2%); revenue beat by $165M (+11.5%); guidance raised for revenue, margin, and EBITDA
Risk Factors
- Concentration risk: Magic: The Gathering represents an increasing share of total revenue and profit
- Tariff refunds (~$55M) boosted Q3 results; future refunds uncertain
- Consumer Products segment still recovering from prior-year goodwill impairment and cyber incident
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000046080-26-000058 |
| Document: has-20261020.htm | 0000046080-26-000058 |
| Document: 0000046080-26-000058-index-headers.html | 0000046080-26-000058 |
| Document: 0000046080-26-000058-index.html | 0000046080-26-000058 |
| Document: 0000046080-26-000058.txt | 0000046080-26-000058 |
| 8-K Data (Synthetic) | 0000046080-26-000058 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 8-K | $118.33 | awaiting T+5 | — | $118.33 (+0.00%) |
Oct 20, 2026 7d ago | 8-K | $109.52 $118.33 | ▲ +8.04% | ▲ +7.96% | $118.33 (+8.04%) |
Aug 13, 2026 10w ago | Insider Cluster | $96.70 $93.54 | ▼ −3.27% | ▼ −1.90% | $118.33 (+22.37%) |
Jul 31, 2026 12w ago | Insider Cluster | $91.47 $94.49 | ▲ +3.30% | ▲ +1.27% | $118.33 (+29.36%) |
Jul 30, 2026 12w ago | Insider Cluster | $93.94 $93.52 | ▼ −0.45% | ▼ −3.96% | $118.33 (+25.96%) |
Jul 29, 2026 12w ago | Insider Cluster | $95.17 $91.16 | ▼ −4.21% | ▼ −9.74% | $118.33 (+24.34%) |
Jul 27, 2026 13w ago | 8-K | $96.34 $91.47 | ▼ −5.05% | ▼ −7.32% | $118.33 (+22.83%) |
Jul 21, 2026 14w ago | 8-K | $88.78 $90.61 | ▲ +2.06% | ▲ +3.29% | $118.33 (+33.28%) |
Apr 23, 2026 26w ago | 8-K | $96.58 $94.02 | ▼ −2.65% | ▼ −4.13% | $118.33 (+22.52%) |
Apr 17, 2026 27w ago | DEFA14A | $97.15 $95.08 | ▼ −2.13% | ▼ −2.69% | $118.33 (+21.80%) |
US Market Status
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