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Hasbro, Inc.

Q2 FY26Leisure Products

Hasbro, Inc. Q2 FY26 Results — Earnings Call Analysis

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹86

Market cap₹12.2K Cr

P/E13.7

Updated30 May 2026

Read4 min read

What the Q2 FY26 call signalled

1 of 3 strong

RevenueSlow growth

MarginMargins steady

Order bookOrder book rising

The short version

- Wizards of the Coast (Magic): - Mid-single-digit revenue growth expected for full year 2026. - Hasbro maintains full-year guidance for 2026 with consolidated revenue growth expected at 3%-5% (constant currency basis).

From Hasbro, Inc.'s Q2 FY26 earnings-call transcript · updated 30 May 2026.

Revenue & Sales Performance

Slow growth

Wizards of the Coast (Magic):
Mid-single-digit revenue growth expected for full year 2026.
Strong first half of the year, with Q2 and Q3 robust; moderated growth in Q4 due to tough comps.
Continued momentum from premier sets like Lorwyn Eclipsed and Secrets of Strixhaven.
Growth driven by both first-party IP and successful Universes Beyond collaborations.
Expanding Magic audience through multi-franchise strategy and digital initiatives (e.g., Marvel on Magic Arena).
D&D on a positive trajectory with new content and series.
Consumer Products:
Low single-digit revenue growth expected in 2026.
Growth momentum continues with strong POS and share gains in gamified, entertainment-driven categories.
Some revenue shifting from Q2 to Q3 due to cyber event impacts but overall yearly growth on track.

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Profitability & Margins

Hasbro maintains full-year guidance for 2026 with consolidated revenue growth expected at 3%-5% (constant currency basis).
Adjusted operating margins are projected at 24%-25%, with adjusted EBITDA between $1.4B and $1.45B.
Wizards of the Coast expected to deliver mid-single-digit revenue growth with operating margins in the low 40% range.
Growth momentum for Wizards is strong in the first half, with some moderation expected in Q4 due to tough comparisons.
Consumer Products projected to grow low single digits with operating margins between 6%-8%, strengthening in the back half driven by volume leverage and productivity gains.
Adjusted earnings per diluted share in Q1 grew 41% year-over-year to $1.47, reflecting strong operating leverage.

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Capital Expenditure Plans

Hasbro allocated $50 million to strategic investments in Q1 2026.
Continued investment focus on:
Wizards of the Coast, especially digital gaming and licensing.
Highest return growth opportunities led by Wizards.

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Fundraising & Capital Structure

Hasbro issued $400 million of new notes.
Proceeds used to fully repay November 2026 maturities.
Remaining balance applied to repurchase higher rate, longer-dated debt.

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Order Book & Pipeline

Order book rising

Retailers have healthy inventories with liberal open-to-buy orders due to strong product growth and POS momentum.
Strong demand in Consumer Products with lean retailer inventories supports segment growth for the year.
Cybersecurity incident caused delays: approximately $40 million to $60 million of Consumer Products revenue shifted from Q2 to Q3.
Order management systems affected by cyber event, with full restoration expected by June.
Short-term restocking delays possible; reprints now take 3 to 4 months versus previous 6 weeks.
Wizards Play Network expanded with more than 11,000 stores hosting Magic events, indicating strong ongoing demand.

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Frequently Asked Questions

What were Hasbro, Inc. Q2 FY26 results?

- Wizards of the Coast (Magic): - Mid-single-digit revenue growth expected for full year 2026. - Hasbro maintains full-year guidance for 2026 with consolidated revenue growth expected at 3%-5% (constant currency basis).

What is Hasbro, Inc. share price analysis?

Hasbro, Inc. currently shows a neutral. The stock trades at a P/E of 13.7 with a market cap of $12,222. Investors should review the full earnings analysis for detailed insights.

Is Hasbro, Inc. planning capital expenditure?

- Hasbro allocated $50 million to strategic investments in Q1 2026.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.