Filing Flows › Boyd Gaming (BYD) › Q1 2026
Boyd Gaming (BYD) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Boyd Gaming (BYD) reported revenue of $997M for the first quarter 2026 (Q1 2026), +0.6% from a year earlier and -6% from the quarter before. Operating margin was 16.4%, net earnings $106M (10.6% of revenue).
Boyd Gaming, Q1 2026: revenue $997M (+0.6% year over year), operating margin 16.4%, net earnings $106M, operating cash flow $134M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $997M | -6% | +0.6% |
| Operating profit | $164M | -1% | -18% |
| Net earnings | $106M | -25% | -5% |
| Operating cash flow | $134M | -51% | -48% |
What changed
Revenue was $997.4M in Q1 2026, up 1% year over year and down 6% from the previous quarter. Casino was the largest line at 65% of revenue. Casino added $11.8M year over year (up 2%), 204% of the total change. Online declined 34%.
Operating profit was $164.0M, a 16.4% margin (down 3.7 points year over year). Operating profit fell $35.9M even though revenue rose $5.8M versus Q1 2025, so costs grew faster than sales. Total costs grew 5% against revenue growth of 1%. Net earnings were $105.5M, down 5% year over year ($104.3M including minority interests, which bore $1.2M of losses). The effective tax rate was 23.9%.
Operating cash flow was $134.3M (down 48% year over year), 129% of net earnings. Non-cash charges added back $95.0M of depreciation and amortization and $7.7M of share-based compensation. Working capital and other items used $72.6M. Capital expenditures of $155.2M exceeded it, leaving free cash flow of −$20.8M.
Questions
What was Boyd Gaming's revenue in the first quarter 2026?
Boyd Gaming (BYD) reported revenue of $997M for the first quarter 2026 (Q1 2026), +0.6% from a year earlier and -6% from the quarter before.
Was Boyd Gaming profitable in the first quarter 2026?
Operating profit was $164M (16.4% of revenue) and net earnings $106M.
Source: Boyd Gaming 10-Q on SEC EDGAR.