Las Vegas Sands' Q2 2026 results reveal a mixed picture: gross margin expanded to 57.2% and operating cash flow conversion remained strong at 1.86x net income, but revenue growth stalled at -0.7% and EPS fell 19.7% sequentially. The company's aggressive capita...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth decelerated to -0.7% in Q2 2026, yet gross margin jumped 840 bps to 57.2%, though operating margin compressed to 19.6% and EPS missed consensus by 29%.
Las Vegas Sands reported solid profitability in Singapore and Macao, driving strong Q1 2026 results.
The company returned capital to shareholders through $740 million in stock repurchases and maintained its quarterly dividend.
Wall Street consensus price target of $69.10 implies a 38.9% upside from the current stock price of $49.74.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 22, 2026 | $0.59-22.1% vs $0.76 | $3.2B-4.7% vs $3.3B |
Q2 2026 Apr 22, 2026 | $0.91+20.4% vs $0.76 | $3.6B+6.6% vs $3.4B |
Q1 2026 Jan 28, 2026 | $0.85+11.1% vs $0.77 | $3.6B+9.1% vs $3.3B |
Q4 2025 Oct 22, 2025 | $0.78+26.4% vs $0.62 | $3.3B+9.1% vs $3.1B |
Demonstrating Sands China's long-term commitment to investing in Continuously expanding non-gaming offerings to support Macao's economic diversification MACAO, Sept. 10, 2026 /PRNewswire/ -- The Parisian® Macao will mark its 10th anniversary on Sept.
An Anthropic researcher has resigned over fears that unrestrained development of self-improving AI models will end up killing us all.
Baron Focused Growth Fund rebounded in Q2 from a disappointing start to the year, with the Fund gaining 13.26% compared with a gain of 24.02% for the Russell 2500 Growth Index. We remain steadfast in our commitment to long-term investing in competitively advantaged, growth businesses. As of June 30, 2026, the Fund owned 28 investments.
The company's social inclusion and cultural publishing initiatives garner international accolades MACAO, Aug. 20, 2026 /PRNewswire/ -- Sands China Ltd. has been recognised at the PATA Gold Awards 2026 with two honours: winning the Gold Award in the category of Printed Marketing Campaign (Industry) for the artbook publication "Sands China Presents — Dopamine: Fountain of Happiness" and the Gold Award in the category of Sustainable and Inclusive Marketing Campaign for its signature initiative the Sands Shopping Carnival.
Benchmark LVS against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Las Vegas Sands Corp. (LVS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $39.19 | $25.38B | 16.68 | 15.22% | 12.5% | 63.88% | 3.07% | |
| $81.45 | $8.45B | 25.94 | 0.14% | 6.05% | — | — | |
| $37.85 | $9.52B | 49.80 | 1.72% | 2.4% | 12.69% | — | |
| $4.72 | $1.83B | 10.49 | 11.32% | 4.5% | — | — | |
| $6.12 | $1.58B | -13.91 | 31.04% | -22.99% | -25.71% | — | |
| $29.61 | $6.03B | -12.24 | 2.14% | -3.81% | -11.99% | — |
Las Vegas Sands Corp. (LVS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Las Vegas Sands Corp. (LVS) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 22, 2026·SEC
May 18, 2026·SEC
May 13, 2026·SEC
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Las Vegas Sands Corp. (LVS) stock FAQ — growth, dividends, profitability & financials explained
Las Vegas Sands Corp. (LVS) reported $13.72B in revenue for fiscal year 2025. This represents a 2040% increase from $641.2M in 2000.
Las Vegas Sands Corp. (LVS) grew revenue by 15.2% over the past year. This is strong growth.
Yes, Las Vegas Sands Corp. (LVS) is profitable, generating $1.75B in net income for fiscal year 2025 (12.5% net margin).
Yes, Las Vegas Sands Corp. (LVS) pays a dividend with a yield of 3.07%. This makes it attractive for income-focused investors.
Las Vegas Sands Corp. (LVS) has a return on equity (ROE) of 63.9%. This is excellent, indicating efficient use of shareholder capital.
Las Vegas Sands Corp. (LVS) generated $2.79B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
