Wynn Resorts reported second quarter 2026 net income of $140.1 million, more than double the $66.2 million a year earlier, with revenue rising to $1.86 billion and diluted earnings per share jumping to $1.32 from $0.64. However, the results were uneven: Wynn Palace drove the quarter with revenue up $113.8 million to $653.4 million and Adjusted Property EBITDAR climbing to $201.5 million, while Las Vegas Operations, Encore Boston Harbor, and Wynn Macau all saw EBITDAR decline. The company declared a quarterly dividend of $0.25 per share payable August 28, and repurchased 741,098 shares at an average price of $101.20, spending $75.0 million, leaving $326.1 million under its authorization. Total debt stood at $10.72 billion as of June 30, and Wynn continues to fund the Wynn Al Marjan Island project in the UAE, contributing another $48.1 million in the quarter toward a resort that will not open until September 2027. Hedge fund ownership dipped slightly to 43 funds, and short interest is at 9.64% of the float, reflecting cautious sentiment despite the profit surge.
Wynn Resorts LimitedNet income more than doubled and EPS jumped, with dividend and buyback announced.
