Las Vegas Sands stock absorbs a weaker second quarter
Published on 09/29/2026 at 15:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Las Vegas Sands stock absorbed a weaker second quarter as the company reported USD 3.15 billion in revenue for Q2/2026. StockTitan reported on July 22, 2026 that diluted EPS was USD 0.53, down from USD 0.66 in the year-earlier quarter.
Q2 revenue slips to USD 3.15 billion
The Q2/2026 revenue figure was down 0.7 percent year over year, while operating income fell to USD 618 million and net income reached USD 373 million. Adjusted property EBITDA declined to USD 1.12 billion from USD 1.33 billion, according to StockTitan in its July 22, 2026 filing summary.
The miss was visible against market expectations: MarketBeat cited consensus EPS of USD 0.76 and expected revenue of USD 3.31 billion for the quarter. That puts the reported EPS USD 0.23 below consensus and revenue USD 0.16 billion below expectations.
Macao volatility tests the recovery
The operating picture was uneven rather than uniformly weak. In the Q2/2026 call dated July 22, 2026, Fortune reported that Macao EBITDA was USD 430 million and VIP rolling hold was 1.35 percent.
The same call showed the counterweight: rolling volume rose 73 percent year over year, non-rolling drop increased 15 percent, and Sands China's mass gross gaming revenue grew 8 percent. Management retained a long-term target of USD 700 million in quarterly Macao EBITDA, while Marina Bay Sands generated USD 689 million of EBITDA in Q2/2026.
Analyst targets remain above the NYSE quote
On the NYSE, Las Vegas Sands was trading at USD 38.70 on September 29, 2026 at 9:50 a.m. ET. MarketBeat reported a consensus rating of Hold and an average price target of USD 59.84 on September 23, 2026.
The target picture has also softened. Mizuho cut its price target from USD 67.00 to USD 61.00 and kept an Outperform rating in a report dated July 23, 2026, according to MarketBeat. The combination of lower quarterly earnings and resilient gaming volumes leaves Macao execution as the central variable for the next results cycle.
Market value reflects the earnings reset
Las Vegas Sands had a market capitalization of USD 25.1 billion as of September 29, 2026. Its 52-week range was USD 38.06 to USD 70.45 on the same date, placing the NYSE quote near the lower boundary of that interval.
Las Vegas Sands stock facts
- Company: Las Vegas Sands Corp.
- ISIN: US51669R1077
- Ticker: LVS
- Primary exchange: NYSE
- Market capitalization: USD 25.1 billion (as of September 29, 2026)
- 52-week range: USD 38.06-70.45 (as of September 29, 2026)
- Sector / Industry: Consumer Cyclical / Gambling, Resorts and Casinos
