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Reported August 6, 2026 · Before market open

Revenue$1.9BMiss by $3.0M
EPS$0.25Miss by $0.12
Revenue estimate$1.9B
EPS estimate$0.37
We continued to execute against our 2026 strategic priorities this quarter: delivering Segment Adjusted EBITDAR growth, optimizing corporate overhead, growing cash flow, and deleveraging the balance sheet. PENN achieved record quarterly Retail segment revenues, supported by strong performance across our portfolio including our four recently completed development projects. Our Interactive segment remains on track to deliver upon our previously stated goals, supported by growth in U.S. iCasino and Canada. Adjusted EBITDA improved by $52.5 million year-over-year, reflecting disciplined execution of our strategy to drive profitability. The encouraging trends in our Retail and Interactive operating segments have continued through July.
Jay Snowden

Next report

Nov 5, 2026 (in 2 months)
Revenue estimate$1.8B
EPS estimate$0.15

Financials

Q2 2026

Income statement

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Revenue$1.9B+5.2%
Operating income$131.7M+69.9%
Net income$33.1M+290%
EPS (diluted)$0.24+300%

Balance sheet

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Cash & equivalents$887.2M+32.1%
Total debt$8.7B+0.1%
Total equity$1.9B-37.7%
Total assets$14.1B-7.5%

Cash flow

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Operating cash flow$240.7M+35.1%
CapEx$97.4M-38.9%
Free cash flow$143.3M

Valuation & ratios

Valuation

as of 09/16/26
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Market cap$2.38B-13.8%
Enterprise value$10.23B-5.4%
P/S0.3×-0.1×

Profitability

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Operating margin-7.9%
Net margin-12.7%-14.0pp

Returns & leverage

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Return on equity-37.4%-40.3pp
Debt / equity4.7×+1.8×
Current ratio0.9×+0.1×

Segments

By segment

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Northeast$731.6M+2.8%
Interactive$349.4M+10.5%
Midwest$320.6M+7.9%
South$301.9M-0.1%
West$151.5M+10.0%

By product

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Gaming$1.4B+2.1%
Food and beverage$117.4M+2.5%
Hotel$72.8M+10.0%

FAQ

When did PENN Entertainment, Inc. report Q2 2026 earnings?
PENN Entertainment, Inc. (PENN) reported Q2 2026 earnings on August 6, 2026 before market open.
What were PENN Entertainment, Inc.'s Q2 2026 revenue and EPS?
PENN Entertainment, Inc. reported revenue of $1.9B and eps of $0.25 for Q2 2026.
Did PENN Entertainment, Inc. beat estimates in Q2 2026?
Revenue missed the consensus estimate of $1.9B by $3.0M. EPS missed the consensus estimate of $0.37 by $0.12.
How did PENN Entertainment, Inc.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.2% from $1.8B a year earlier and eps grew 150.0% from $0.10.
Where can I find PENN Entertainment, Inc.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0000921738-26-000019) and the 10-Q periodic report (0000921738-26-000022) directly on SEC EDGAR. The filing index links above go to sec.gov.