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Boyd Gaming (BYD) Q2 2026 earnings results (second quarter 2026)

10-Q filed Jul 30, 2026

Boyd Gaming (BYD) reported revenue of $1.0B for the second quarter 2026 (Q2 2026), 0% from a year earlier and +4% from the quarter before. Operating margin was 19.4%, net earnings $131M (12.7% of revenue).

Revenue$1.0B
Year over year0%
Quarter over quarter+4%
Operating margin19.4%
Net earnings$131M

Boyd Gaming, Q2 2026: revenue $1.0B (0% year over year), operating margin 19.4%, net earnings $131M, operating cash flow −$23.5M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$1.0B+4%0%
Operating profit$201M+22%-17%
Net earnings$131M+24%-13%
Operating cash flow−$23.5M-118%-111%

What changed

Revenue was $1.0B in Q2 2026, roughly flat year over year and up 4% from the previous quarter. Casino was the largest line at 66% of revenue. Casino added $0.01B year over year (up 2%), 3050% of the total change. Online declined 19%.

Operating profit was $0.20B, a 19.4% margin (down 4.0 points year over year). Operating profit fell $0.04B even though revenue rose $388K versus Q2 2025, so costs grew faster than sales. Total costs grew 5% against flat revenue. Net earnings were $0.13B, down 13% year over year ($0.13B including minority interests, which bore $1.3M of losses). The effective tax rate was 23.8%.

Operating cash flow was −$0.02B. Non-cash charges added back $0.09B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.26B. Capital expenditures of $0.14B exceeded it, leaving free cash flow of −$0.17B.

Questions

What was Boyd Gaming's revenue in the second quarter 2026?

Boyd Gaming (BYD) reported revenue of $1.0B for the second quarter 2026 (Q2 2026), 0% from a year earlier and +4% from the quarter before.

Was Boyd Gaming profitable in the second quarter 2026?

Operating profit was $201M (19.4% of revenue) and net earnings $131M.

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Source: Boyd Gaming 10-Q on SEC EDGAR.