Filing Flows › Light & Wonder (LAWIL) › Q2 2026 › vs Q1 2026
Light & Wonder (LAWIL) Q2 2026 vs Q1 2026 (quarter over quarter)
Light & Wonder's revenue rose $38.0M (+5%) from $790M in Q1 2026 to $828M in Q2 2026. The biggest changes: Gaming +$42.0M (+8%); SciPlay −$5.0M (-3%); iGaming +$1.0M (+1%). Operating margin 26.9% against 16.5% (+10.5 pts).
Light & Wonder, Q2 2026: revenue $828M (+2% year over year), operating margin 26.9%, net earnings $120M, operating cash flow $241M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 26.9% | 16.5% | +10.5 pts |
| Net margin | 14.5% | 6.6% | +7.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Gaming | $554M | $512M | $42.0M | +8% |
| SciPlay | $182M | $187M | −$5.0M | -3% |
| iGaming | $92.0M | $91.0M | $1.0M | +1% |
| Revenue | $828M | $790M | $38.0M | +5% |
| Operating profit | $223M | $130M | $93.0M | +72% |
| Costs & expenses | $605M | $660M | −$55.0M | -8% |
| Pre-tax earnings | $150M | $62.0M | $88.0M | +142% |
| Other expense, net | $73.0M | $68.0M | $5.0M | +7% |
| Cost of revenue | $210M | $194M | $16.0M | +8% |
| Research & development | $61.0M | $67.0M | −$6.0M | -9% |
| SG&A | $211M | $237M | −$26.0M | -11% |
| Other operating costs | $123M | $162M | −$39.0M | -24% |
| Net earnings | $120M | $52.0M | $68.0M | +131% |
| Income tax | $30.0M | $10.0M | $20.0M | +200% |
| Depreciation & amortization | $117M | $108M | $9.0M | +8% |
| Share-based compensation | $33.0M | $32.0M | $1.0M | +3% |
| Working capital & other | $29.0M | $53.0M | −$24.0M | -45% |
| Operating cash flow | $241M | $139M | $102M | +73% |
Questions
How much did Light & Wonder's revenue grow quarter over quarter in Q2 2026?
Light & Wonder's revenue rose $38.0M (+5%) from $790M in Q1 2026 to $828M in Q2 2026.
What drove Light & Wonder's revenue change in Q2 2026?
Gaming +$42.0M (+8%); SciPlay −$5.0M (-3%); iGaming +$1.0M (+1%).