Accel Entertainment beats Q1 revenue estimates on strength across platform

Accel Entertainment

05/05/2026 21:47

Overview

U.S. gaming terminal operator's Q1 revenue rose 9%, beating analyst expectations

Adjusted EBITDA for Q1 rose 9% and slightly beat analyst expectations

Company repurchased 1.1 mln shares for $12 mln in Q1

Outlook

Company expects TITO technology rollout in Illinois to drive benefits through remainder of 2026

Accel sees Chicago gaming terminal placements as a major near-term opportunity pending regulatory approval

Result Drivers

ILLINOIS GROWTH - Revenue growth in Illinois driven by improved hold-per-day, strategic location optimization, new machine placements, and rollout of ticket-in, ticket-out technology

DEVELOPING MARKETS - Significant revenue and terminal growth in Nebraska and Georgia contributed to overall results

GROSS MARGIN GAINS - Gross margin improvements as developing and emerging markets became a larger share of the portfolio

Company press release: ID:nBw61WLyPa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$351.56 mln
$343.64 mln (6 Analysts)
Q1 Net Income
$14.66 mln
Q1 Adjusted EBITDA
Slight Beat*
$53.76 mln
$53.70 mln (6 Analysts)
Q1 Operating income
$27.08 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the casinos & gaming peer group is "buy"

Wall Street's median 12-month price target for Accel Entertainment Inc is $16.00, about 31% above its May 4 closing price of $12.21

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)