Las Vegas Sands Q2 revenue misses estimates on low hold in rolling play in Macao

Las Vegas Sands

22/07/2026 21:18

    

    Overview
  
US integrated resort operator's Q2 revenue declined and missed analyst expectations
Q2 operating profit missed analyst expectations
Company repurchased $787 mln in stock and raised buyback authorization to $6 bln

    

    Outlook
  
Company did not provide specific guidance for future quarters or the full yr

    

    Result Drivers
  
LOW ROLLING PLAY HOLD - Co said unusually low hold in rolling play in Macao negatively impacted reported results

    
Company press release: ID:nPn1X89qFa

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
Miss
$3.15 bln
$3.33 bln (15 Analysts)
Q2 EPS
 
$0.53
 
Q2 Net Income
 
$373 mln
 
Q2 Operating profit
Miss
$618 mln
$784.47 mln (11 Analysts)
Q2 Capex
 
$332 mln
 
Q2 Pretax Profit
 
$461 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 5 "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 Las Vegas Sands Corp is $66.50, about 46.3% above its July 21 closing price of $45.47
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 16 three months ago

    

    Reuters Recommended Reads
  
July 20 - Monarch Casino Q2 revenue slightly beats estimates on growth in casino, F&B, hotel segments
July 22 - Sweden's Kambi Q2 revenue rises; 2026 adjusted EBITA outlook lifted
July 22 - Travel + Leisure Q2 revenue tops estimates, outlook raised

    
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.)