Companies /Consumer Cyclical
Las Vegas Sands Corp
NYSE: LVS Resorts & Casinos
$36.10
▲ $0.29 (+0.81%) today
Markets closed · 9:34pm ET

Las Vegas Sands (LVS) Q1 2026 Earnings

Reported Apr 22, 2026, 4:07pm ET · SEC source
$0.91
Beat +20.05%
EPS · est. $0.76 Adjusted
$3.6B
Beat +7.28%
Revenue · est. $3.3B
−10.2%
Trailing market
LVS vs S&P since report
1 quarter
Consecutive EPS misses

How Did LVS Stock React to Q1 2026 Earnings?

% change · around the report
−15%−10%−5%0Apr 22Apr 23report 4:07pm ETearnings−0.3%−12.9%
−15%−10%−5%0Apr 22Apr 23earnings−0.3%−12.9%
LVS −12.9%S&P 500 −0.3%
−15%−10%−5%0Apr 22Apr 23report 4:07pm ETearnings−0.3%−12.9%
−15%−10%−5%0Apr 22Apr 23earnings−0.3%−12.9%
LVS −12.9%NASDAQ −0.3%
−12%−8%−4%0Apr 21Apr 30report 4:07pm ETearnings+1.3%−6.8%
−12%−8%−4%0Apr 21Apr 30earnings+1.3%−6.8%
LVS −6.8%S&P 500 +1.3%
−10%−5%0Apr 21Apr 30report 4:07pm ETearnings+2.0%−6.8%
−10%−5%0Apr 21Apr 30earnings+2.0%−6.8%
LVS −6.8%NASDAQ +2.0%
−8.62%
Day of report
+1.66%
Next session
+5.12%
One week
−4.23%
30 days

S&P 500 over the same 30 days: +5.95%.

Did LVS Beat Earnings? Q1 2026 Results

Yes. Las Vegas Sands reported Q1 2026 earnings of $0.91 a share on Apr 22, 2026, beating the $0.76 consensus estimate by 20.1%. Revenue was $3.6B against a $3.3B estimate.

Las Vegas Sands delivered a blowout first quarter of 2026, beating Wall Street estimates on both the top and bottom line for the fourth consecutive quarter as a surge in casino volumes across Singapore and Macao powered results well ahead of expectations. Adjusted diluted EPS of $0.91 topped the $0.76 consensus by 20.05%, while revenue climbed 25.3% year-over-year to $3.58 billion, exceeding the $3.34 billion estimate by 7.28%. The single most powerful driver was Marina Bay Sands in Singapore, where Rolling Chip volume more than doubled to $17.96 billion from $8.03 billion a year ago, lifting the property's adjusted EBITDA to $788 million. In Macao, The Londoner led the regional charge with net revenue jumping to $754 million from $529 million, fueled by exceptional Rolling Chip growth. Analysts tracking the broader gaming sector have noted sustained demand resilience in Asia-Pacific, a tailwind LVS appears well positioned to capture. CEO Patrick Dumont pointed to continued investment in the Marina Bay Sands expansion project, backed by a $4.94 billion delayed draw facility, as a key pillar of long-term shareholder returns.

Key Takeaways
  • Casino revenue increased 28.8% year-over-year to $2.74 billion driven by strong Rolling Chip volume growth across properties
  • Marina Bay Sands Rolling Chip volume more than doubled to $17.97 billion from $8.03 billion
  • The Londoner Macao Rolling Chip volume surged to $4.68 billion from $1.71 billion
  • Room revenue increased to $377 million from $324 million
  • Marina Bay Sands ADR increased to $1,006 from $925
  • Share repurchases reduced weighted average diluted share count from 713 million to 671 million

“We continued to execute our strategic objectives during the quarter as we delivered growth in both Singapore and Macao while continuing to increase the return of capital to shareholders.”

Las Vegas Sands CEO, on the earnings call

What Was Las Vegas Sands's Outlook in Q1 2026?

CEO Patrick Dumont expressed confidence that the company's people, products, and focus on delivering outstanding service, hospitality and entertainment experiences will drive growth and deliver strong returns to shareholders in the years ahead. The company continues to invest in its MBS Expansion Project in Singapore, with $4.94 billion available under a delayed draw term loan facility to finance development and construction costs.

LVS YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$1.0B$2.0B$3.0B$2.9B$3.6BRevenue$620.0M$904.0MOperating Income$352.0M$641.0MNet Income
$0$1.0B$2.0B$3.0BRevenueOperating IncomeNet Income
LVS income statement, Q1 2026 versus Q1 2025
Metric Q1 2026 Q1 2025 Year over year
Revenue $3.6B $2.9B +25.3%
Operating Income $904.0M $620.0M +45.8%
Net Income $641.0M $352.0M +82.1%

LVS Revenue by Segment

Marina Bay Sands$1.5B+27.9%
The Londoner Macao$754.0M+42.5%
The Venetian Macao$710.0M+11.3%
The Plaza Macao & Four Seasons Macao$290.0M+39.4%
The Parisian Macao$229.0M+0.9%
Sands Macao$93.0M+24.0%
Ferry Operations and Other

LVS Revenue by Geography

China$2.1B
Asia Pacific
Asia
Singapore$1.5B+27.9%

Figures from SEC filings and company reports. Not investment advice.