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Las Vegas Sands LVS Q2 2026 earnings

Reported July 22, 2026 · After market close

Revenue$3.2BMiss by $156.5M
EPS$0.59Miss by $0.17
Revenue estimate$3.3B
EPS estimate$0.76
“In Macao, our ongoing investments in enhanced service and hospitality offerings contributed to growth in volumes across all gaming segments as compared to the prior year, although unusually low hold in rolling play negatively impacted our reported financial results for the quarter.”
Patrick Dumont

Next report

Oct 21, 2026 (in 2 months)
Revenue estimate$3.4B
EPS estimate$0.77

Financials

Q2 2026

Income statement

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Revenue$3.2B-0.7%
Operating income$618.0M-21.1%
Net income$346.0M-24.9%
EPS (diluted)$0.53-19.7%

Balance sheet

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Cash & equivalents$3.5B-2.1%
Total debt$16.8B+0.5%
Total equity$581.0M-70.8%
Total assets$19.9B-8.9%

Cash flow

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Operating cash flow$682.0M+283%
CapEx$332.0M+16.1%
Free cash flow$350.0M—

Valuation & ratios

Valuation

as of 08/27/26
See full
Market cap$29.94B-23.1%
Enterprise value$43.27B-16.9%
P/E17.3×-10.2×
P/S2.2×-1.2×

Profitability

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Operating margin21.5%+0.1pp
Net margin12.6%+0.4pp
FCF margin19.7%+13.4pp

Returns & leverage

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Return on equity134.3%+85.1pp
Debt / equity29×+20.6×
Current ratio1×-0.2×

Segments

By product

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Casino$2.3B-3.1%
Rooms$359.0M+4.1%
Mall$198.0M+5.9%
Food and Beverage$168.0M+14.3%

By geography

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Macao$1.8B-0.6%
Singapore$1.4B-0.7%
United States-$83.0M-23.9%

FAQ

When did Las Vegas Sands report Q2 2026 earnings?
Las Vegas Sands (LVS) reported Q2 2026 earnings on July 22, 2026 after market close.
What were Las Vegas Sands's Q2 2026 revenue and EPS?
Las Vegas Sands reported revenue of $3.2B and eps of $0.59 for Q2 2026.
Did Las Vegas Sands beat estimates in Q2 2026?
Revenue missed the consensus estimate of $3.3B by $156.5M. EPS missed the consensus estimate of $0.76 by $0.17.
How did Las Vegas Sands's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 0.7% from $3.2B a year earlier and eps declined 25.3% from $0.79.
Where can I find Las Vegas Sands's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001300514-26-000078) and the 10-Q periodic report (0001300514-26-000085) directly on SEC EDGAR. The filing index links above go to sec.gov.