Hasbro shares jump after strong Q1 revenue and growth in Magic: The Gathering franchise.

Hasbro reported first quarter 2026 revenue between $970 million and $985 million, beating the consensus of $908.9 million, driven by growth in its Magic: The Gathering franchise. The company reaffirmed its full-year sales outlook of $4.842 billion to $4.936 billion and expects adjusted operating margins of 24%-25%. Despite a recent cybersecurity breach causing some operational delays, Hasbro expects to recover shipment delays in the second half of 2026. Earnings are now scheduled for May 20, 2026, with analysts maintaining a Buy rating and an average price target around $108.80.