Las Vegas Sands stock fell 1.25 percent on October 2

Published on 10/04/2026 at 19:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Las Vegas Sands stock was last at USD 36.23 on October 2. Second quarter EPS of USD 0.59 missed the USD 0.79 forecast, with results due October 21.

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Las Vegas Sands (ISIN US5178341070) was last at USD 36.23 on the NYSE on October 2, down 1.25 percent from the previous close. The price stood only USD 0.02 above the 52-week low of USD 36.21, while the company heads toward its next earnings report on October 21, 2026.

Second quarter missed forecasts

Las Vegas Sands reported second quarter 2026 revenue of USD 3.15 billion and earnings per share of USD 0.59, compared with a consensus forecast of USD 3.38 billion in revenue and USD 0.79 EPS, according to Investing.com in its October 2, 2026 company overview.

The comparison gives the stock a clear pressure point: revenue missed the forecast by USD 0.23 billion, while EPS was USD 0.20 below expectations. The figures relate to the quarter ended June 30, 2026, keeping the earnings miss within the current reporting cycle.

Singapore strength meets Macao volatility

The operating picture was uneven. In the Q2 2026 earnings call dated July 22, 2026, management said Marina Bay Sands generated USD 689 million in EBITDA, while Macao EBITDA reached USD 430 million after an unusually low VIP rolling hold of 1.35 percent, as Fortune reported.

The same call showed why the headline result does not tell the whole story. Sands China reported rolling volume growth of 73 percent year over year, non-rolling drop growth of 15 percent and slot and electronic table game handle growth of 30 percent. Management retained a long-term target of USD 700 million in quarterly Macao EBITDA, while acknowledging that additional work is required to reach it.

Analysts see a wide valuation gap

According to Investing.com on October 2, 2026, 21 analysts covered Las Vegas Sands, with 14 Buy ratings and 7 Hold ratings. The consensus was Buy, and the average 12-month price target was USD 59.07, with a low of USD 47.00 and a high of USD 71.50.

Using the October 2 price of USD 36.23, the average target lies 63.0 percent above the stock. That gap reflects the market's cautious response to the earnings shortfall, but it also places the next report at the center of the valuation debate.

Las Vegas Sands stock stays near its yearly low

Las Vegas Sands stock was last at USD 36.23 on October 2, 2026, on the NYSE. The 52-week range was USD 36.21 to USD 70.45, market capitalization was USD 23.5 billion, and volume was 7,314,268 shares.