Company Announcements

The world’s number one selling toy* builds on eight consecutive years of consecutive growth by turning speed, stunts and storytelling into next-level play

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Feb. 12, 2026-- Mattel, Inc. (NASDAQ: MAT), a leading global play and family entertainment company and owner of one of the most iconic brand portfolios in the world, announced today that Hot Wheels® will debut new product innovation at New York Toy Fair. Hot Wheels as a brand has always blazed the way in play and fan engagement and 2026 is no exception. Built on a legacy of authentic automotive design, legendary performance, and relentless drive, this spirit comes to life through Formula 1® partnerships, Hot Wheels playsets, and more.

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The Hot Wheels Ultimate T-Rex Garage Playset offers the ultimate play experience with an extra-large T-Rex, multiple floors of storytelling play, and endless opportunities to stunt, race, and battle creatures. It includes a 4-car elevator, space for 50+ vehicles, and is Speed Snap™ compatible, unlocking expanded play with Hot Wheels track.

As Hot Wheels marks its eighth consecutive year of growth, the brand is doubling down on what has fueled its momentum: products and experiences that invite kids and fans to race harder, stunt bigger and express their fandom in ways only Hot Wheels can deliver.

Ahead of New York Toy Fair, Hot Wheels unveils its 2026 lineup and introduces bold storytelling through all-new content specials, toy innovation and experiences designed to connect fans, adventures and unforgettable moments of play.

"Hot Wheels is on fire. We continue to see growth across the entire franchise, driven by authentic storytelling and experiences, world-class toy product and holistic franchise offerings,” said Ted Wu, senior vice president and Global Head of Vehicles at Mattel. “Our 2026 line up will continue the momentum, from new F1 products and expanded experiences to the most epic Hot Wheels Ultimate Garage we've ever created. We can't wait for our fans of all ages to experience the exciting year ahead."

Hot Wheels® & Formula 1®: Built for the Fastest Fans

The Hot Wheels partnership with Formula 1® is driven by a shared appreciation for precision, performance and pushing limits. What began as a celebration of the pinnacle of motorsport has evolved into one of the Hot Wheels brand’s most ambitious and thrilling collaborations that brings real-world racing drama straight to the track.

In 2026, the collaboration expands with new content offerings, more track-side experiences at races globally and the first-ever Hot Wheels Formula 1® 10-Pack, featuring all 10 teams on the 2025 grid together in one set. The launch builds on a growing Hot Wheels F1® portfolio that spans premium collectibles and adrenaline-charged track play, designed for fans who want to display, race and rewrite the rules of race day.

From premium die-cast vehicles crafted for adult collectors and motorsport fans to downhill circuits designed for overtakes and crash-outs, Hot Wheels continues to translate elite motorsport into high-energy play where every race is faster and more unpredictable.

Introducing Hot Wheels Monster Trucks Mutant Chaos™: Drive on the Slime™ Side

Hot Wheels Monster Trucks Mutant Chaos™ unleashes a world of mutation-fueled mayhem, featuring bold, mutated hero trucks and high-impact, slime™-powered play. Reusable slime drives unpredictable stunts, amplified reactions and epic takedowns into bigger, wilder challenges.

The action continues in a 30-minute animated special airing in August on the Hot Wheels YouTube channel, where new characters will join Rhinomite™ and the Camp Crush heroes as they face a forbidden zone on Monster Truck Island and an all-out battle with a towering slime monster.

Hot Wheels® Ultimate T-Rex Garage: Where the City Comes to Life Across Content and Play

Serving as the cornerstone of Hot Wheels City, the new Hot Wheels® Ultimate T-Rex Garage Playset is inspired by the new content from the Hot Wheels Let’s Race special debuting this fall. The playset extends the action from screen to play, inviting kids to recreate and imagine all-new adventures in Hot Wheels City.

Together, these products build on the brand’s momentum and are well positioned to become fan and family favorites this holiday season. The following Hot Wheels items will be revealed for the first time at New York Toy Fair and are part of the 2026 Hot Wheels product lineup:

Hot Wheels® Formula 1®

Hot Wheels Formula 1® Premium 2026 Assortment (Spring 2026)

• Create the hottest Hot Wheels collection with a 1:64 scale Premium Formula 1 race car. All 20 drivers from the 2025 teams are represented in the line and each vehicle features a Metal/Metal™ body and chassis and Real Riders™ tires with authentic details to replicate the real-life race car. The display plinth and specialized packaging enhance collectability.

Hot Wheels Formula 1® 5-Pack - (Spring 2026)

• Speed into the high-octane action of Formula 1® with a 5-pack of Hot Wheels Formula 1® race cars in 1:64 scale. Each die-cast vehicle features graphics of five of the hottest racing teams on the circuit including Oracle Red Bull Racing, Mercedes-AMG PETRONAS Formula One™ Team, BWT Alpine Formula One™ Team, MoneyGram Haas F1® Team, and Atlassian Williams Racing. The set is designed for true automotive enthusiasts who appreciate the legacy and collectability of a Hot Wheels and Formula 1® collaboration. Put them on display or recreate legendary moments from the pinnacle of motorsport on Hot Wheels tracks.

Hot Wheels Formula 1® 10-Pack (Fall 2026)

• Race into the pole position with a 10-pack of Hot Wheels Formula 1® toy cars that includes 10 1:64 scale vehicles from each of the 2025 F1® teams. The set is designed for true automotive enthusiasts who appreciate the legacy and collectability of a Hot Wheels and Formula 1® collaboration. Put them on display or recreate legendary moments from the pinnacle of motorsport on Hot Wheels tracks.

Hot Wheels Racing™ Formula 1® Downhill Circuit Race (Fall 2026)

• The Downhill Circuit Race celebrates the best of Formula 1 and Hot Wheels Racing with exciting elevation gains, the ability to compete with friends and awesome crash outs and overtakes. The Downhill Circuit Race features 3 die-cast cars: Mercedes-AMG PETRONAS Formula One™ Team, MoneyGram Haas F1® Team and for the first time Scuderia Ferrari HP will also be included in the trackset.

Hot Wheels Monster Trucks Mutant Chaos™

Hot Wheels Monster Trucks Mutant Chaos™ Monster Takedown (Fall 2026)

• Crash through a wall of slime to defeat the nemesis in the Hot Wheels Monster Trucks Mutant Chaos Monster Takedown Playset. Includes a 1:64 scale Hot Wheels Monster Trucks Wreckin' Wolf™ and 4 ounces of reusable slime.

Hot Wheels Monster Trucks Mutant Chaos™ Loop Challenge (Fall 2026)

• The Hot Wheels Monster Trucks Mutant Chaos Loop Challenge Playset features two ways to play: race through the slime-covered loop to reach the cup or launch straight through a wall of slime. It includes 4 ounces of reusable slime.

Hot Wheels Monster Trucks Mutant Chaos™ Multipack (Fall 2026)

• The Hot Wheels Monster Trucks Mutant Chaos Multipack unleashes wild smashing and crashing with a Hot Wheels Mutant Chaos Monster Truck, exclusive Hot Wheels Mutant Chaos die-cast car and a container of slime. It includes 4 ounces of reusable slime.

Hot Wheels® Ultimate T-Rex Garage

Hot Wheels® Ultimate T-Rex Garage Playset (Fall 2026)

• The Hot Wheels Ultimate T-Rex Garage Playset offers the ultimate play experience with an extra-large T-Rex, multiple floors of storytelling play, and endless opportunities to stunt, race, and battle creatures. It includes a 4-car elevator, space for 50+ vehicles, and is Speed Snap™ compatible, unlocking expanded play with Hot Wheels track.

For more information on Mattel and its brands, visit www.mattel.com.

About Mattel

Mattel is a leading global play and family entertainment company and owner of one of the most iconic brand portfolios in the world. We engage consumers and fans through our franchise brands, including Barbie®, Hot Wheels®, Fisher-Price®, American Girl®, Thomas & Friends™, UNO®, Masters of the Universe®, Matchbox®, Monster High®, Polly Pocket®, and Barney®, as well as other popular properties that we own or license in partnership with global entertainment companies. Our offerings include toys, content, consumer products, digital and live experiences. Our products are sold in collaboration with the world’s leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering generations to explore the wonder of childhood and reach their full potential. Visit us at mattel.com.

About Formula 1®

Formula 1® racing began in 1950 and is the world’s most prestigious motor racing competition, as well as the world’s most popular annual sporting series. Formula One World Championship Limited is part of Formula 1® and holds the exclusive commercial rights to the FIA Formula One World Championship™. Formula 1® is a subsidiary of Liberty Media Corporation (NASDAQ: FWONA, FWONK, LLYVA, LLVYK) attributed to the Formula One Group tracking stock. The F1 logo, F1 FORMULA 1 logo, FORMULA 1, F1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX,

PADDOCK CLUB and related marks are trademarks of Formula One Licensing BV, a Formula 1 company. All rights reserved.

SLIME™ is a trademark of Viacom International Inc.

MAT-W

*Per Circana, Hot Wheels remains the number-one selling toy globally.
Source: Circana, LLC, Retail Tracking Service, G10 (US, CA, MX, BR, SP, UK, DE, IT, FR, AU), Total Toys, Projected Units, Jan - Dec 2025 vs YA

View source version on businesswire.com: https://www.businesswire.com/news/home/20260212507644/en/

Press contact:
Mattel Press Office
Press@mattel.com

Source: Mattel, Inc.