10-Q quarterly report · filed Jul 29, 2026

MGM Resorts (MGM) Q2 2026 10-Q Quarterly Report

Short answer

MGM Resorts (MGM) filed its Q2 2026 10-Q quarterly report on Jul 29, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $4.5B (up 1.0% year over year) with net income of $292M.

Q2 2026 key financials · XBRL

Revenue
$4.5B
+1.0% YoY · −0.1% QoQ
Net income
$292M
+497.4% YoY · +133.7% QoQ
Operating margin
11.3%
EPS (diluted)
$1.11
+484.2% YoY · +131.3% QoQ

Source: XBRL data from the MGM Resorts (MGM) Q2 2026 10-Q on SEC EDGAR. USD.

MGM Resorts Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q2 revenue $4.451B, up 1% YoY from $4.405B
  • Operating income $504M, up 24% YoY; net income $323M vs $118M
  • Best segment MGM Digital revenue $196M, up 20%; weakest MGM China revenue $1.101B, down 1%
  • MGM China EBITDAR margin 23.3% vs 27.1%; Las Vegas margin 33.9% vs 33.6%
  • Six-month operating cash flow $1.1B vs $1.2B; $396M capital expenditures and $507M Northfield Park sale proceeds

Risk Factors

  • No newly added risk factors; MGM reported no material changes from its 2025 Form 10-K
  • Carried-forward regulatory and compliance risks remained unchanged from the 2025 Annual Report
  • Carried-forward operational, competitive, and market risks remained unchanged from the 2025 Annual Report
  • Carried-forward liquidity, debt, currency, and concentration risks remained 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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