HAS — Q2 2026 Financial Report Analysis
Q2 · Fiscal year 2026 · Published by Pham Hop · AI-drafted from the SEC filing
Hasbro revenue rose 16.2% to $1.14 billion as Magic: The Gathering grew 32%, but a $56 million video-game write-off, cyberattack costs and tariffs kept adjusted EPS flat at $1.28; full-year guidance was raised.
- Revenue
- $1.1B
- +16.2% YoY
- Net income
- $161M
- Diluted EPS
- $1.12
- Operating margin
- 22.2%
Magic: The Gathering carried the quarter; toys held up despite a cyberattack
Hasbro's revenue rose 16.2% to $1,139.6 million in the second quarter of 2026 (three months to June 28). Almost all of the extra revenue came from one place: the Wizards of the Coast and Digital Gaming segment, which added $141.4 million, mostly from the Magic: The Gathering trading-card game. Magic revenue grew $133.3 million, or 32.3%, which the 10-Q attributes to the Secrets of Strixhaven set and the Marvel Super Heroes set released during the quarter. The earnings release says Magic passed $500 million in quarterly revenue for the first time.
The swing from a $855.8 million net loss a year ago to $160.9 million of net earnings is mostly an accounting comparison, not a turnaround. In Q2 2025 Hasbro wrote down $1,021.9 million of goodwill in its toy business. Goodwill is the premium it had paid for past acquisitions, and the 10-Q says new tariffs, weaker-than-forecast results and other economic pressures had lowered the expected value of those units. Without that charge, profit this quarter was roughly flat: adjusted earnings per share (Hasbro's own figure, which strips out items it considers one-off) were $1.28 against $1.30 a year earlier.
Key figures
| Metric | Q2 2026 | Q2 2025 | YoY Change |
|---|---|---|---|
| Net revenues | $1,139.6M | $980.8M | +16.2% |
| Operating profit (loss) | $252.5M | $(798.2)M | n/m |
| Operating margin | 22.2% |
Recent in Consumer Discretionary
- Genuine Parts Company (GPC) · Q2 2026Revenue $6.5B (+6.0%) · EPS $1.65 (-9.8%)
Genuine Parts grew Q2 2026 sales 6.0% to $6.54 billion, but restructuring and separation costs cut GAAP EPS to $1.65 from $1.83; adjusted EPS rose 2.4% to $2.15 as Industrial outpaced the automotive businesses.
- Garmin (GRMN) · Q2 2026Revenue $2.0B (+11.4%) · EPS $2.80 (+35.3%)
Garmin Q2 2026 revenue rose 11% to $2.02B, and a shift toward higher-margin fitness wearables plus about $21M in tariff refunds lifted operating margin to 30.4% and diluted EPS 35% to $2.80. Full-year guidance was raised to $8.05B in revenue and $10.00 in pro forma EPS.
- Expedia Group (EXPE) · Q2 2026Revenue $4.3B (+14.0%) · EPS $7.16 (+188.7%)
Expedia grew Q2 2026 revenue 14% to $4.3B on 12% higher gross bookings, led by B2B (+23% revenue); flat B2C marketing lifted adjusted EBITDA 23%, while a $280M investment gain inflated GAAP net income to $878M.