LAS VEGAS SANDS CORP is expected to release its Q3 2026 10-Q filing on October 20, 2026, after market close. Last quarter: LVS reported essentially flat Q2 FY2026 revenue of $3.15B but lower profitability, as operating income fell 21.1% to $618M amid weaker casino win rates and higher operating costs, while year-to-date operating cash flow more than doubled to $1.41B. Source: 10-Q Item 2 MD&A, pp.25, 27, 30-32; 10-Q Income Statement (XBRL); 10-Q Cash Flow Statement (XBRL).
EPS Estimate
$0.81
Revenue Estimate
$3.52B
Analyst consensus from Finnhub. Actual results posted within minutes of the SEC filing on the LVS page.
Drawn from management commentary in the Q2 2026 10-Q:
Q2 FY2026 net revenue decreased 0.7% year over year to $3.154B, while operating income fell 21.1% to $618M and consolidated adjusted property EBITDA declined 16.1% to $1.119B. Management attributed the weaker operating result principally to lower casino revenue and higher operating costs at both Macao and Marina Bay Sands.
Casino revenue declined $74M, or 3.1%, to $2.341B in Q2 FY2026. At Marina Bay Sands, casino revenue fell $44M as lower table-games win percentages outweighed higher table-games and slot volumes; Macao casino revenue fell $30M for the same broad reason, despite higher volumes across properties.
Macao adjusted property EBITDA declined $136M, or 24.0%, year over year in Q2 FY2026. Management cited lower casino revenue, higher sales and marketing spending to attract patrons, and higher payroll costs related to the competitive environment; Macao casino expenses also included a $30M increase in gaming taxes and $26M of higher payroll and related expenses.
Revenue
$3.15B
-0.66% YoY
EPS (Basic)
$0.53
-19.70% YoY
Operating Income
$618M
-21.07% YoY
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