Las Vegas Sands reported second-quarter 2026 adjusted earnings per share of 59 cents, missing the Zacks Consensus Estimate of 77 cents by 23.4%, while net revenues of $3.15 billion fell 6.4% short of the $3.37 billion consensus and declined 0.7% year over year. The company attributed the weakness to unusually low rolling-play hold in Macao, which reduced Macao adjusted property EBITDA by $87 million, even as gaming volumes increased across all Macao segments and Marina Bay Sands mass gaming revenues rose 5% to $886 million. Consolidated adjusted property EBITDA declined 16.1% to $1.12 billion, operating income fell to $618 million from $783 million, and net income dropped to $373 million from $519 million. The board subsequently increased the share repurchase authorization to $6 billion and extended the program to July 21, 2029. Analysts have since revised estimates downward, and the stock carries a Zacks Rank #5, or Strong Sell.
Las Vegas Sands CorpQ2 earnings and revenue missed estimates, with adjusted EBITDA down 16.1%.
