LVS's 2025 recovery cycle—peaking at 26.0% revenue growth in Q4 2025—appears to have exhausted itself, with Q2 and Q3 2026 reporting contractions of -0.7% and -3.5% alongside EPS declines of roughly 20%, suggesting the prior expansion reflected cyclical normalization rather than durable growth.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue reversed from 24-26% growth in late 2025 to -3.5% in Q3 2026 while gross margin swung 11.6 points from 57.2% to 45.6% and operating income fell 32.5% from its $916M Q1 2026 peak, signaling negative operating leverage and cost instability.
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 11/8/2026, 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) |
|---|---|---|
Q4 2026Latest Oct 21, 2026 | $0.54-20.9% vs $0.68 | $3.2B-3.4% vs $3.3B |
Q3 2026 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 |
LAS VEGAS, Oct. 27, 2026 /PRNewswire/ -- Las Vegas Sands Corp. (NYSE: LVS) today announced that its majority-owned subsidiary, Sands China Ltd. ("Sands China"), has priced $700 million of 6.400% senior notes due 2032 and $300 million of 6.700% senior notes due 2033.
LAS VEGAS, Oct. 26, 2026 /PRNewswire/ -- Las Vegas Sands Corp. (NYSE: LVS) today announced that its majority-owned subsidiary, Sands China Ltd. ("Sands China"), intends to offer USD-denominated senior unsecured notes.
For the quarter ended September 30, 2026 Net Revenue $3.22 billion Net Income $352 million Diluted Earnings per Share $0.48 Consolidated Adjusted Property EBITDA $1.12 billion LVS Repurchased $950 million of Common Stock During the Quarter LVS Board of Directors Announced a 20% Increase in LVS's Recurring Common Stock Dividend for the 2027 Calendar Year, Raising the Annual Dividend to $1.44 per Share ($0.36 per Share per Quarter) LAS VEGAS, Oct. 21, 2026 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS), the leading global developer and operator of Integrated Resorts, today reported financial results for the quarter ended September 30, 2026. "We continued to execute our strategic objectives during the quarter in both Singapore and Macao while increasing the return of capital to shareholders, including through the repurchase of $950 million of our common stock during the quarter," said Patrick Dumont, chairman and chief executive officer.
Unites NBA legends, GBA students and teachers, and Macao community Extending impact of mega event into local community Promoting youth development and social inclusion MACAO, Oct. 15, 2026 /PRNewswire/ -- As an important initiative of The NBA China Games 2026, the NBA Cares x Sands Cares Community Impact Week 2026 wrapped up Sunday, closing out an exciting week of community activities. Organized by Sands China and NBA Cares, the five-day programme fully embodied Sands China's commitment to serving the Macao community, leveraging the impact of a world-class sporting event to unite stakeholders from different backgrounds and regions to extend the event's benefits into the local community.
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 |
|---|---|---|---|---|---|---|---|
| $40.73 | $26.38B | 15.90 | 15.22% | 12.05% | 146.8% | 2.95% | |
| $83.11 | $8.63B | 22.49 | 0.14% | 5.2% | — | 2.02% | |
| $32.34 | $8.14B | 11.73 | 1.72% | 3.92% | 20.79% | — | |
| $4.51 | $1.75B | 10.39 | 11.32% | 3.15% | — | 0% | |
| $5.97 | $1.54B | -10.00 | 31.04% | -18.85% | -24.17% | — | |
| $29.23 | $5.95B | -11.19 | 2.14% | -4.55% | -14.93% | — |
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)
Oct 21, 2026·SEC
Jul 22, 2026·SEC
May 18, 2026·SEC
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Las Vegas Sands Corp. (LVS) stock FAQ — growth, dividends, profitability & financials explained
Las Vegas Sands Corp. (LVS) reported $13.60B in revenue over the trailing twelve months. Revenue was $13.02B in fiscal year 2025. That is 1930% more than the $641.2M of fiscal year 2000.
Las Vegas Sands Corp. (LVS) grew revenue by 10.9% over the trailing twelve months, compared with the twelve months before.
Yes. Las Vegas Sands Corp. (LVS) earned $1.64B in net income over the trailing twelve months (a 12.0% net margin).
Yes. Las Vegas Sands Corp. (LVS) pays a dividend that yields 2.95% at the current price, a moderate yield.
Las Vegas Sands Corp. (LVS) had a return on equity (ROE) of 146.8% over the trailing twelve months. That is well above the market's typical 10-15%.
Las Vegas Sands Corp. (LVS) generated $2.42B in free cash flow over the trailing twelve months.
