Light & Wonder Inc

Light & Wonder reported a second-quarter profit of $120 million, or $1.53 per share, up from $95 million, or $1.11 per share, a year earlier. Excluding items, adjusted earnings came to $156 million, or $1.99 per share. Revenue rose 2.3% to $828 million from $809 million in the same period last year.

Light & Wonder announced it will release its second quarter fiscal 2026 financial results on August 4, 2026, after U.S. markets close, and host an investor conference call that evening. The company reiterated its full-year 2026 financial outlook of mid-to-high single-digit Consolidated AEBITDA growth and its commitment to reduce its net debt leverage ratio toward the mid-point of its target range over the course of 2026 and below 3.0 times during the first half of 2027. As of July 1, 2026, approximately 180 million US dollars remain under its share repurchase program, with total shares outstanding at 77,049,181, following the repurchase of 1,612,580 CDIs during the second quarter for approximately 134 million US dollars.