Short answer
Las Vegas Sands (LVS) filed its Q2 2026 10-Q quarterly report on Jul 24, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $3.2B (down 0.7% year over year) with net income of $346M.
Q2 2026 key financials · XBRL
- Revenue
- $3.2B
- −0.7% YoY · −12.0% QoQ
- Net income
- $346M
- −24.9% YoY · −39.0% QoQ
- Operating margin
- 19.6%
- EPS (diluted)
- $0.53
- −19.7% YoY · −37.6% QoQ
Source: XBRL data from the Las Vegas Sands (LVS) Q2 2026 10-Q on SEC EDGAR. USD.
Las Vegas Sands Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $3.154B, down $21M or 0.7% YoY
- Operating income $618M, down 21.1%; net income $373M, down 28.1%
- Adjusted property EBITDA $1.119B, down 16.1%; Marina Bay Sands largest segment at $689M, down 10.3%
- Worst segment The Plaza Macao and Four Seasons EBITDA $20M, down 69.7% YoY
- Cash $3.38B plus $4.26B borrowing capacity; repurchases $1.53B and dividends $400M in first half 2026
- Macao headwinds: competitive environment, higher patron reinvestment, payroll, gaming taxes and marketing costs
Risk Factors
- No material risk-factor changes from the December 31, 2025 Form 10-K
- Carried-forward risks include regulatory restrictions affecting casino operations
- Carried-forward risks include competition and market volatility affecting gaming demand
- Carried-forward financial risk includes outstanding 5.300% notes due 2031 and 5.650% notes due 2033
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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