Short answer
MGM Resorts (MGM) filed its Q1 2026 10-Q quarterly report on Apr 29, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $4.5B (up 4.2% year over year) with net income of $125M.
Q1 2026 key financials · XBRL
- Revenue
- $4.5B
- +4.2% YoY
- Net income
- $125M
- −15.8% YoY
- Operating margin
- 6.8%
- EPS (diluted)
- $0.48
- −5.9% YoY
Source: XBRL data from the MGM Resorts (MGM) Q1 2026 10-Q on SEC EDGAR. USD.
MGM Resorts Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $4.455B, up 4% YoY from $4.277B
- Operating margin 6.8% vs 9.0% YoY, operating income $301M vs $385M
- Best segment MGM Digital, revenue $183M, up 43%; worst EBITDAR MGM China margin 24.4% vs 27.8%
- Operating cash flow $568M vs $547M; capital expenditures $155M; stock repurchases $89M
- 2026 capital expenditures $780M–$880M; headwinds from payroll, self-insurance, gaming taxes, and Osaka funding of approximately $2.1B
Risk Factors
- No material changes to risk factors disclosed in the 2025 Form 10-K
- Carried-forward regulatory, legal, and compliance risks unchanged from the 2025 Annual Report
- Carried-forward operational and competitive risks unchanged from the 2025 Annual Report
- Carried-forward liquidity, debt, currency, and concentration risks unchanged from the 2025 Annual Report
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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