Wynn Palace Mass Market Surge
Wynn Palace mass market table games win surged 36.9% as win percentage rose to 29.7% from 22.3%, while table drop grew only 3.0%.
Source: 10-Q Item 2 MD&A
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Wynn Resorts reported a quarter where net income more than doubled, fueled by a surge in Macau mass-market gaming and a one-time derivative gain. The Macau Operations, particularly Wynn Palace, drove performance as win percentage on mass table games soared to 29.7%, more than offsetting a modest decline in non-gaming revenue. Meanwhile, Las Vegas and Encore Boston Harbor saw operating profit declines due to higher expenses. The company carries significant debt and negative equity, though the equity deficit narrowed from a year ago.
EPS (Diluted)
$1.32
+106.25% YoY
Operating Income
$297.59M
+12.47% YoY
Source: SEC XBRL
WYNN's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Last 4 quarters: 1 beat
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 1.24 | 1.13 | Beat +9.4% |
| Mar 2026 | 1.25 | 1.28 | Miss -2.3% |
| Dec 2025 | 1.17 | 1.50 | Miss -22.2% |
| Sep 2025 | 0.86 | 1.19 | Miss -27.9% |
Adjusted (non-GAAP) EPS of $1.24 versus the $1.13 analyst consensus — a +9.4% beat for Jun 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $1.32.
Compiled by AI from 10-Q Item 2 of this filing
Wynn Palace mass market table games win surged 36.9% as win percentage rose to 29.7% from 22.3%, while table drop grew only 3.0%.
Source: 10-Q Item 2 MD&A
The company recorded a $43.3 million gain from derivatives fair value, compared to a $1.1 million loss a year ago, driven by foreign currency swaps.
Source: 10-Q Item 2 MD&A
Casino expense at Wynn Palace rose, including a $53.7 million increase in gaming tax, reflecting higher casino revenues.
Source: 10-Q Item 2 MD&A
Adjusted Property EBITDAR for Las Vegas Operations fell 8.3% as higher operating expenses, notably food and beverage, outpaced a 0.7% revenue increase.
Source: 10-Q Item 2 MD&A
Compiled by AI from this SEC filing · 1 high, 3 medium, 1 low
The company has $10.72 billion in long-term debt against negative stockholders' equity, indicating a highly leveraged financial structure.
Source: 10-Q Balance Sheet (XBRL)
Stockholders' deficit was $169.5 million, though narrowed from -$441.5 million a year ago, reflecting ongoing financial weakness.
Source: 10-Q Balance Sheet (XBRL)
The Macau Operations generated over 54% of total revenue, exposing the company to regional regulatory, economic, and geopolitical risks.
Source: 10-Q Income Statement (XBRL)
Current ratio of 0.91 indicates potential difficulty meeting short-term obligations, and cash reserves fell 20.7% year-over-year.
Source: 10-Q Balance Sheet (XBRL)
The fair value of foreign currency swaps and convertible bond features can cause large swings in net income, as seen with a $43.3 million gain this quarter.
Source: 10-Q Income Statement (XBRL)
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Income $M | 297.59 $M | 264.60 $M | +12.47% |
Net Income $M | 140.06 $M | 66.22 $M | +111.52% |
EPS (Basic) $ | 1.37 $ | 0.64 $ | +114.06% |
EPS (Diluted) $ | 1.32 $ | 0.64 $ | +106.25% |
SG&A Expense $M | 270.12 $M | 280.82 $M | -3.81% |
Answers draw on this SEC filing and the data on this page
Expected release date, analyst estimates & what to watch
Wynn Resorts delivered strong Q1 FY2026 results with net income surging 65.6% YoY to $120.5M and operating income rising 5.2% to $282.6M, driven by disciplined cost management and improved profitability despite a significant decline in cash reserves.
Wynn Resorts reported FY2025 net income of $327.3M, down 34.7% year-over-year, as a sharp increase in investing cash outflows and elevated debt load weighed on results despite relatively stable operating income of $1.12B.
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